- Thursday, 01 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 02 February
Yesterday, from the UK, Manufacturing PMI figures were released. The start of 2018 saw a further easing in the rate of expansion of the UK manufacturing sector. At 55.3 in January, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) was down further from November’s 51-month high and at its lowest level since June last year. That said, the PMI remained well above its long-run average of 51.7. The latest survey was conducted from 12-26 January.
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- Thursday, 01 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 02 February
Yesterday's session was marked by Australian Building Approvals figures. In seasonally adjusted terms, dwelling approvals decreased by 20.0 per cent in December, driven by a fall in private dwellings excluding houses (39.2 per cent), while private house approvals rose 1.0 per cent. The value of total building approved fell 0.3 per cent in December, in trend terms, after rising for 11 months. The value of residential building fell 0.2 per cent while non-residential building fell 0.4 per cent. Read more...
- Wednesday, 31 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 01 February
Yesterday, from Eurozone, CPI figures were released. Euro area annual inflation is expected to be 1.3% in January 2018, down from 1.4% in December 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (2.1%, compared with 2.9% in December), followed by food, alcohol & tobacco (1.9%, compared with 2.1% in December), services (1.2%, stable compared with December) and non-energy industrial goods (0.6%, compared with 0.5% in December).
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- Wednesday, 31 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 01 February
From the UK, yesterday, only GfK Consumer Confidence figures were released. GfK’s long-running Consumer Confidence Index increased by four points in January 2018. All five measures increased in January. Joe Staton, Head of Market Dynamics at GfK, says: “Having survived Christmas, New Year, the January Sales and Blue Monday, bullish Brits report a more upbeat view of their financial prospects for 2018 this month. However, standing at -9, the Index is still lower than this time last year (-5), and still in negative territory.” Read more...
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