- Thursday, 28 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 29 December
There were no data releases from Australia yesterday. It has not been an easy year for Australia and many of the challenges the region has faced will continue over into 2018. The first is to find new sources of growth. Some economies in the region are busy catching up to the technological frontier. But those that are approaching it or those that are already there are more concerned about stagnation. Australia continues to be concerned about productivity and where it might be found. Read more...
- Wednesday, 27 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 28 December
There were no data releases from Eurozone yesterday. The euro zone is enjoying one of its best moments since the financial crisis with growth rates outstripping those of the United States. In the third quarter of 2017, the 19-member area grew 0.6 percent from the previous quarter and 2.5 percent on a yearly basis; the U.S. rose 2.3 percent year-on-year. "The euro zone economy is firing on all cylinders," Nick Gartside, international chief information officer of fixed income at JP Morgan Asset Management said. "Given this very strong growth backdrop, the risk is that the market begins to price in European Central Bank (ECB) rate hikes sooner." At the moment, markets don't expect any rate hikes in 2018 and the ECB has left the door open to increasing its stimulus if the economic conditions shift.
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- Wednesday, 27 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 28 December
There were no data releases from the UK yesterday. House price growth looks set to judder to a halt in 2018 or at best manage a small below-inflation rise, as the twin spectres of Brexit and rising interest rates put the brakes on the property market. Following what some have called a lacklustre year, homeowners and those looking to sell in the coming months have been told to expect an underwhelming and subdued 2018, with a number of leading commentators predicting UK house prices will either stay flat next year or perhaps rise by 1% or so.
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- Wednesday, 27 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 28 December
There were no data releases from Australia yesterday, but from China Industrial Profit figures were published. Profit growth at Chinese industrial firms slowed in November as producer prices rebound appeared to soften. Industrial profits rose 14.9 percent last month from a year earlier, compared with previously reported 25.1 percent in October, the statistics bureau said on Wednesday. Robust demand and consistent factory inflation have lifted profitability this year.
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