- Tuesday, 05 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 06 December
From Eurozone, yesterday, Spanish Services PMI figures were released. The headline seasonally adjusted Business Activity Index posted 54.4 in November, down from 54.6 in October and signalling the weakest rise in business activity since January. That said, output has now increased on a monthly basis in each of the past 49 months. Higher new business was reportedly the main factor leading activity to rise, with the hiring of additional sales staff helping to generate new orders. On the other hand, some panellists reported a drop in activity linked to political uncertainty in Catalonia.
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- Tuesday, 05 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 06 December
From the UK, yesterday, Services PMI figures were released. Relatively subdued confidence was linked to heightened economic uncertainty and ongoing pressure on margins from sharply rising input costs. The seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index registered 53.8 in November, down from 55.6 in October, but above the 50.0 no-change value for the sixteenth consecutive month. The latest reading signalled a solid increase in service sector business activity, but the rate of expansion was slightly slower than seen on average in 2017 to date.
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- Tuesday, 05 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 06 December
Yesterday's session was marked by Australian Retail Sales and Current Account figures. Australian retail turnover rose 0.5 per cent in October 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a 0.1 per cent rise in September 2017. "In seasonally adjusted terms, there were rises across all industries led by cafes, restaurants and takeaway food services (1.7 per cent)," the Director of the Quarterly Economy Wide Survey, Ben James, said. There were also rises for food retailing (0.3 per cent), clothing, footwear and personal accessory retailing (1.0 per cent), other retailing (0.3 per cent), department stores (0.5 per cent) and household goods retailing (0.1 per cent) in October 2017.
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- Monday, 04 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 05 December
From Eurozone, yesterday, Spanish Unemployment Change figures were released. The number of unemployed registered in the offices of the Public Employment Services has increased in November in 7,255 people in relation to the previous month. Last year, in November 2016, unemployment increased by 24,841 people. In the last 8 years in this same month registered unemployment had increased on average in more than 25,000 people (24,919). In this way, the total number of registered unemployed stands at 3,474,281, thus remaining at its lowest level in the last 8 years. In seasonally adjusted terms, unemployment has dropped by 22,744 people.
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