- Monday, 05 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 06 February
From Australia, yesterday, ANZ job advertisements figures were released. The number of job advertisements in Australia spiked sharply in January, suggesting that the strength in hiring seen in 2017 will continue in the months ahead. According to ANZ Bank, total advertisements surged by 6.2% to 177,961 last month in seasonally adjusted terms, the largest percentage increase since February 2010. While a stellar result, the sharp increase followed a 2.7% decline in December. So part of January’s surge reflects prior weakness in advertisements seen a month earlier. Still, reflecting just how much labour market conditions have improved this year, January’s figure was up an impressive 13.8% from January 2017.
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- Saturday, 03 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 05 February
Friday's session brought UK Construction PMI figures. The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) posted 50.2 in January, down from 52.2 in December. The figure was just above the neutral 50.0 no-change mark, thereby signalling a fractional rate of growth that was the weakest for four months. The latest data signalled that the sector’s main driver of growth in recent months, house building, slipped into decline, ending a 16-month expansion.
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- Saturday, 03 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 05 February
From Australia, on Friday, PPI figures were released. Australian PPI rose 0.6% in the December quarter 2017. The increase was mainly due to rises in the prices received for Petroleum refining and petroleum fuel manufacturing (+11.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.4%). It was partly offset by falls in the prices received for Sugar and confectionery manufacturing (-3.9%), Tobacco product manufacturing (-3.8%) and Sheep, beef cattle and grain farming; and dairy cattle farming (-3.6%). It rose 1.7% through the year to the December quarter 2017.
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- Thursday, 01 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 02 February
From Eurozone, yesterday, Spanish Manufacturing PMI figures were released. At 55.2 in January, from 55.8 in December, the PMI pointed to another marked monthly improvement in the health of the manufacturing sector. Business conditions have now improved in 50 successive months. Although the rate of expansion eased slightly from the previous month, manufacturing output rose sharply again in January. Higher production was mainly linked to new order growth and fed through to a fifth successive increase in stocks of finished goods.
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