- Tuesday, 13 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 13 February
There were no data releases from the UK tomorrow. Signs that British wages are beginning to grow more quickly, along with ongoing global economic strength, have bolstered the case for higher interest rates, Bank of England policymaker Gertjan Vlieghe said on Monday. Vlieghe said there was “increased evidence that tight labour markets are finally starting to have some upward effect on wages”.
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- Tuesday, 13 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 13 February
There were no data releases from Australia yesterday, but from China new loans figures were published. China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load loans early in the year to get higher-quality customers and win market share, the lofty figure was even higher than the most bullish forecast by economists in a Reuters poll.
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- Saturday, 10 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 12 February
From Eurozone, on Friday, French Industrial Production figures were released. In December 2017, output grew slightly in the manufacturing industry (+0.3% after −0.8% in November). It increased in the whole industry (+0.5% after −0.3%). Output increased sharply over the last quarter of 2017 in the manufacturing industry (+2.5%) as well as in the overall industry (+2.2%).Output went up markedly in “other manufacturing” (+2.9%), in the manufacture of machinery and equipment goods (+4.1%) and in the manufacture of transport equipment (+2.3%). It increased slightly in mining and quarrying, energy, water supply (+0.2%). Conversely, it decreased in the manufacture of food products and beverages (−0.7%) and in the manufacture of coke and refined petroleum products (−1.0%).
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- Saturday, 10 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 12 February
Friday's session brought UK Industrial Production figures. In the three months to December 2017, the Index of Production was estimated to have increased by 0.5% compared with the three months to September 2017, due to a rise of 1.3% in manufacturing; this was partially offset by a decrease of 4.7% in mining and quarrying, caused mainly by the shut-down of the Forties oil pipeline for a large part of December 2017. Within manufacturing, 9 of the 13 manufacturing sub-sectors experienced growth; the largest contribution to quarterly growth came from basic metals and metal products, which increased by 5.7%.
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