- Saturday, 10 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 12 February
From Australia, on Friday, Home Loans figures were released, In trend terms, the number of commitments for owner occupied housing finance fell 0.3% in December 2017. In seasonally adjusted terms commitments fell by 2.3%. In trend terms, the number of commitments for the construction of dwellings fell 0.8%, the number of commitments for the purchase of established dwellings fell 0.3% and the number of commitments for the purchase of new dwellings fell 0.1%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 17.9% in December 2017 from 18.0% in November 2017.
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- Thursday, 08 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 09 February
Yesterday's session was marked by German Trade Balance figures. Germany exported goods to the value of 1,279.4 billion euros and imported goods to the value of 1,034.6 billion euros in 2017. At the time, goods to the value of 1,203.8 billion euros were exported and goods to the value of 954.9 billion euros were imported. The foreign trade balance showed a surplus of 244.9 billion euros in 2017. In 2016, the surplus of the foreign trade balance reached an all-time high (248.9 billion euros).
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- Thursday, 08 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 09 February
Focus of the yesterday's session was on BoE's Inflation Report and interest rate decision. The Bank of England said on Thursday interest rates probably need to rise sooner and by a bit more than it thought only three months ago, because Britain's slow-moving economy is getting a boost from the global recovery. The BoE's rate-setters are giving themselves time to assess how Britain is coping with its impending departure from the European Union as they voted 9-0 to hold Bank Rate at 0.5 percent, in line with a Reuters poll of economists. But Governor Mark Carney and colleagues saw a growing need to move faster on raising rates to keep a grip on inflation in the world's sixth-biggest economy, echoing other leading central banks which are moving toward tighter monetary policy, a decade on from the financial crisis.
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- Thursday, 08 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 09 February
From Australia, tomorrow, NAB Quarterly Business Confidence figures were released. The headline conditions and confidence numbers were broadly consistent with what we have seen in the Monthly iteration of the Survey, although the bounce in the month of December is yet to be reflected in the quarterly data. The business conditions index (an average of trading/sales, profitability and employment) rose 1 point, to +15 in the December quarter – which is well above the long-run average – driven by improvements in employment, while trading conditions eased slightly and profitability was steady. Employment conditions have been holding up at levels that suggest we are likely to see further improvement in unemployment over coming quarters. Read more...
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