- Sunday, 11 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 12 March
From Eurozone, on Friday, German Industrial Production figures were released. In January 2017, production in industry was down by 0.1% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In December 2017, the corrected figure shows a decrease of 0.5% (primary –0.6%) from November 2017. In January 2018, production in industry excluding energy and construction was up by 0.6%. Within industry, the production of capital goods increased by 1.4% and the production of consumer goods by 2.0%. The production of intermediate goods showed a decrease by 1.2%. Energy production was down by 3.3% in January 2018 and the production in construction decreased by 2.2%.
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- Sunday, 11 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 12 March
Focus of the Friday's session was on UK Industrial Production figures. In January 2018, total production was estimated to have increased by 1.3% compared with December 2017; mining and quarrying provided the largest upward contribution, increasing by 23.5% due mainly to the re-opening of the Forties oil pipeline. Compared with December 2017, manufacturing output in January 2018 was estimated to have increased by 0.1%; this was the ninth consecutive period of growth and is the first time this has occurred since records began in February 1968.
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- Sunday, 11 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 12 March
There were no data releases from Australia on Friday, both from China CPI and PPI figures were released. Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February - the biggest jump in inflation since Nov 2013. Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected). The biggest driver of the price surge being food (something few can do without) which soared 4.4% - the biggest jump since June 2016. On the other hand producer prices rose less than expected, up 3.7% YoY in Feb (vs 3.8% exp and 4.3% in Jan).
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- Thursday, 08 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 09 March
Focus of the yesterday's session was on ECB interest rate decision and the following press conference. The European Central Bank dropped a long-standing pledge on Thursday to increase its bond buying if needed, taking another small step in weaning the euro zone economy off its protracted stimulus. Keeping its broader policy unchanged, the ECB said it could still extend its 2.55 trillion euro ($3.16 trillion) bond purchase scheme beyond September if needed. But it skipped a reference to bigger purchases, a signal that it remains on track to end a three-year-old stimulus scheme before the end of 2018.
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