- Thursday, 15 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 15 February
Yesterday's session brought Eurozone GDP data. Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2017, GDP grew by 0.7% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7% in the euro area and by 2.6% in the EU28 in the fourth quarter of 2017, after +2.8% in both zones in the previous quarter.
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- Thursday, 15 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 15 February
From the UK, yesterday, only CB Consumer Confidence figures were released. The Conference Board Leading Economic Index®(LEI) for the U.K. decreased 0.2 percent in December 2017 to 98.1 (2016=100). The Conference Board Coincident Economic Index®(CEI) for the U.K. decreased 0.1 percent in December 2017 to 101.8 (2016=100). Read more...
- Thursday, 15 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 15 February
From Australia, yesterday, Westpac Consumer Sentiment data was published. The Westpac Melbourne Institute Index of Consumer Sentiment fell by 2.3% to 102.7 in February from 105.1 in January. The survey was conducted over the week of February 5 - February 11. That week was marked by a wave of volatility in global share markets. The Australian market, which was more stable than most, still experienced some significant swings, being down a net 4.6% for the week while the US market (S&P 500) was down by a net 7.2%. Extensive media coverage of these developments would have unnerved respondents on two fronts – the impact on their own financial position and concerns for general global stability. Read more...
- Tuesday, 13 February 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 14 February
Euro continued its incline in the course of the yesterday's session going all the way to 1.2370 area, where it found some amount of resistance and pulled back slightly in order to finish the session around 1.2350 handle. Tomorrow, focus will be on US CPI and Retail Sales figures. Any type of supportive candles around 1.23 and 1.2280 area would be short-term buying signal, while resistive candles above 1.24 and 1.2430 level would be short-term selling opportunity.
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