- Tuesday, 06 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 07 February
There were no data releases from the UK yesterday. The expected onslaught of up to 10,000 Brexit bankers could further exacerbate the already tense situation on Frankfurt’s condominium market. Residential Real estate is often cheaper compared to London, making it more affordable for many in the financial industry. Asking prices for condominiums have already increased by 10.7 in the second half of 2017 over the same period of the previous year, according to a study by real estate service provider Jones Lang LaSalle Inc. Compared to 2004, the increase stands at 99 percent.
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- Tuesday, 06 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 07 February
Yesterday's session brought Australian Retail Sales and Trade Balance figures. Australia’s December retail sales report has come in well under expectations, partially reversing a strong lift in November. According to the Australian Bureau of Statistics (ABS), sales fell by 0.5% to $ 26.261 billion in seasonally adjusted terms, missing forecasts for a smaller decline of 0.2%. Offsetting some of the weakness, November’s stellar gain of 1.2% was revised higher to show an increase of 1.3%. With sales retracing during the month, the annual pace of sales slowed to 2.5% from 2.9% in November.
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- Monday, 05 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 06 February
From Eurozone, yesterday, Spanish Services PMI figures were released. Growth in the Spanish service sector picked up pace at the start of 2018, with sharper increases in activity and new business recorded. The rate of job creation remained elevated, while business confidence reached a seven-month high. On the price front, inflation of both input costs and output charges hit multi-year highs. The headline seasonally adjusted Business Activity Index rose to 56.9 in January from 54.6 in December. The steep rise in activity was the fastest since July 2017. Activity has increased continuously since November 2013.
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- Monday, 05 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 06 February
Yesterday's session brought UK Services PMI figures. The UK services sector grew at its slowest pace in January since the aftermath of the EU referendum as the economy got off to a sluggish start in 2018. The latest health check of a sector that includes hotels, restaurants, transport and the City from IHS Markit and the Chartered Institute of Procurement and Supply (CIPS) found that a loss of clients and lingering Brexit uncertainty had led to a dip in activity. The monthly purchasing managers’ index from IHS Markit/CIPS fell from 54.2 points in December to 53.0 in January, its weakest since September 2016 and only slightly above the 50.0 cut-off point between expansion and recession.
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