- Tuesday, 02 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 03 January
Yesterday's session brough Spanish Manufacturing PMI figures. December data pointed to another strong performance by the Spanish manufacturing sector at the end of 2017. Production rose sharply on the back of a solid increase in new orders. In order to support output growth, firms continued to raise employment and purchasing activity at elevated rates. The PMI posted 55.8 in December, down slightly from the near 11-year high of 56.1 in November but still signalling a marked monthly improvement in the health of the sector. Business conditions have now strengthened in each of the past 49 months.
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- Tuesday, 02 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 03 January
Yesterday's session was marked by UK Manufacturing PMI figures. The UK manufacturing sector ended 2017 on a positive note. Although December saw rates of expansion in output, new orders and employment slow from November’s highs, growth in all three remained solid and well above long-run trends. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) posted 56.3 in December, down from November’s 51-month high of 58.2. The headline PMI has now remained above the 50.0 no-change mark for 17 consecutive months. The average reading over the final quarter of 2017 (57.0) was the best since the second quarter of 2014.
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- Tuesday, 02 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 03 January
There were no data releases from Australia yesterday, but from China Manufacturing PMI figures were released. The Caixin China General Manufacturing Purchasing Managers’ Index rose to 51.5 in December, the highest since August. Stronger increases in both output and new orders were seen in December compared to the previous month. Growth in input prices eased to a four-month low, while growth in output prices slowed marginally. Stocks of finished goods shrank again in December, and stocks of purchases declined slightly.
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- Friday, 29 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 02 January
From Eurozone, on Friday, German and Spanish CPI as well as M3 Money Supply figures were released. The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2017. Compared with November 2017, consumer prices are expected to increase by 0.6%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that, on an annual average, the inflation rate is expected to stand at 1.8% in 2017.
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