- Tuesday, 12 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 13 December
Yesterday's session brought ZEW Economic Sentiment figures for Germany and Eurozone. The ZEW Indicator of Economic Sentiment for Germany records a decrease of 1.3 points in December 2017 and now stands at 17.4 points. The indicator thus still remains below the long-term average of 23.7 points. The assessment of the current economic situation in Germany increased by 0.5 points, with the corresponding indicator currently standing at 89.3 points. The financial market experts’ sentiment concerning the economic development of the Eurozone decreased by 1.9 points, with the corresponding indicator currently standing at 29.0 points. The indicator for the current economic situation in the Eurozone continued to improve in December, climbing by 2.9 points to a level of 50.7 points compared to the previous month. The economic expectations for the Eurozone thus continue to be positive.
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- Tuesday, 12 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 13 December
Yesterday's session was marked by UK CPI and PPI data. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in November 2017, unchanged from October 2017. The Consumer Prices Index (CPI) 12-month rate was 3.1% in November 2017, up from 3.0% in October 2017; it was last higher in March 2012. The largest upward contribution to change in both the CPIH and CPI rates came from air fares which fell between October and November but by less than a year ago. Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect. Falling prices in the miscellaneous goods and services category (covering products such as travel goods and financial services) provided the largest offsetting downward contribution.
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- Tuesday, 12 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 13 December
From Australia, yesterday, HPI and NAB Business Confidence figures will be released. The Residential Property Price Index (RPPI) for Sydney fell 1.4 per cent in the September quarter 2017 following positive growth over the last five quarters, according to figures released today by the Australian Bureau of Statistics (ABS). "The fall in Sydney property prices this quarter was consistent with market indicators," Chief Economist for the ABS, Bruce Hockman said. For the weighted average of the eight capital cities, the RPPI fell 0.2 per cent in the September quarter 2017. This was the first fall in the RPPI since the March quarter 2016. "Residential property prices have continued to moderate across most capital cities this quarter," Mr Hockman said. The total value of Australia's 10.0 million residential dwellings increased $14.8 billion to $6.8 trillion.
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- Monday, 11 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 12 December
From Eurozone, yesterday, only Italian Retail Sales figures were released. In October 2017, the retail trade decreased by 2.1% compared with October 2016, all store types showed decline as food retailing was down 1.7% and non-food retailing was down 2.4%. Estimates of the value of retail sales fell month-on-month also: -1.0% compared with September 2017. The underlying pattern, as measured by the 3 month on 3 month estimate, showed a contraction in October 2017, where the value of sales decreased by 0.1% and the volume of sales was down 0.2%.
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