- Friday, 01 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 04 December
There were no data releases from Australia on Friday, but from China Manufacturing PMI figures were released. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) fell marginally from the previous month to 50.8 in November, but remained in expansion territory. The sub-index of output inched up, rising for the first time in four months, but the new orders sub-index declined. The increase in input prices moderated while the rise in output prices accelerated, with both maintaining rather quick rates of growth. Stocks of purchases turned around to increase as stocks of finished goods continued to diminish.
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- Thursday, 30 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 01 December
Yesterday's session was marked by Eurozone CPI figures. Euro area annual inflation is expected to be 1.5% in November 2017, up from 1.4% in October 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in November (4.7%, compared with 3.0% in October), followed by food, alcohol & tobacco (2.2%, compared with 2.3% in October), services (1.2%, stable compared with October) and non-energy industrial goods (0.4%, stable compared with October).
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- Thursday, 30 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 01 December
From the UK, yesterday, Nationwide house prices figures were released. The annual rate of house price growth remained stable in November at 2.5%. Nevertheless, annual growth remains within the 2-4% range that has prevailed since March. Low mortgage rates and healthy rates of employment growth are providing support for demand, but this is being partly offset by pressure on household incomes, which appears to be weighing on confidence. The lack of homes on the market is providing support to house prices.
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- Thursday, 30 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 01 December
Yesterday's session brought Australian Building Approvals and Private Capital Expenditure figures. The trend estimate for total dwellings approved rose 0.7% in October and has risen for nine months. The seasonally adjusted estimate for total dwellings approved rose 0.9% in October. The trend estimate for private sector houses approved rose 0.6% in October and has risen for eight months. The seasonally adjusted estimate for private sector houses rose 1.5% in October. The trend estimate for private sector dwellings excluding houses rose 0.8% in October and has risen for five months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.0% in October.
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