- Friday, 12 December 2014
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 15 December - 19 December
Events that marked the week:
European part of session, on Tuesday, was marked by UK Industrial and Manufacturing Production figures. While analysts were predicting 0.2% growth, total production in October 2014 is estimated to have decreased by 0.1% compared with September 2014. Manufacturing was the only one of the four main components to fall, decreasing by 0.7%. Analysts were anticipating 0.3% increase. In the three months to October 2014, production and manufacturing were 10.4% and 5.5% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.
Read more...- Tuesday, 09 December 2014
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 10 December
From Australia, yesterday, NAB Business Confidence figures were released. Latest NAB Business Confidence survey showed decline from previous month revised level of 5 to 1. This followed no change in October. Orders held up reasonably well, which reflects well on near-term demand. The fall in conditions was driven by all three components (sales, profits and employment), although the last remains the weakest, pointing to only very modest growth in employment –insufficient to prevent a further rise in the unemployment rate. But while last months spike was relatively broad based, the pull back in November was much more mixed across industries –concentrated in retail, manufacturing and service industries.
- Monday, 08 December 2014
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 09 December
Yesterday, from Eurozone, only minor importance German Industrial Production figures were released. In October 2014, production in industry was up by 0.2% from the previous month on a seasonally adjusted basis, in line with market forecasts.
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