- Wednesday, 31 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 01 February
Yesterday's session brought Australian CPI figures. Australian CPI rose 0.6% this quarter, compared with a rise of 0.6% in the September quarter 2017. It rose 1.9% over the twelve months to the December quarter 2017, compared with a rise of 1.8% over the twelve months to the September quarter 2017. The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%). The most significant offsetting price falls this quarter are international holiday travel and accommodation (-1.7%), audio visual and computing equipment (-3.5%), and telecommunication equipment and services (-1.4%). Read more...
- Wednesday, 31 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 31 January
Yesterday's session brought German CPI and Eurozone GDP data. Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28 during the fourth quarter of 2017, compared with the previous quarter. In the third quarter of 2017, GDP had grown by 0.7% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7% in the euro area and by 2.6% in the EU28 in the fourth quarter of 2017, after +2.8% in both zones in the previous quarter. Over the whole year 2017, GDP grew by 2.5% in both zones.
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- Wednesday, 31 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 31 January
From the UK, yesterday, Net Lending to Individuals figures were released. Annual growth in secured lending was unchanged at 3.3% in December, with net lending remaining stable at £3.7 billion. Mortgage approvals decreased in December, with falls for both house purchase and remortgaging approvals. House purchase approvals were the weakest since January 2015 and remortgaging approvals fell to 46,475, following strength in October and November. Consumer credit net lending was £1.5 billion in December, broadly in line with outturns during 2017. The annual growth rate ticked up to 9.5% in December.
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- Wednesday, 31 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 31 January
From Australia, yesterday, NAB Business Confidence figures were released. The National Australia Bank (NAB) business confidence index rose 4 points to +11 index points in December; the highest level since July 2017, missing the estimate of +12 index points by a narrow margin. Meanwhile, the business conditions index ticked higher to +13 index points but printed well below the estimate of +15 index points. Still, the actual figure is well above the long-run average of +5 index points.
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