- Wednesday, 17 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 18 January
Yesterday's session brought Eurozone Final CPI figures. Euro area annual inflation was 1.4% in December 2017, down from 1.5% in November. In December 2016, the rate was 1.1%. European Union annual inflation was 1.7% in December 2017, down from 1.8% in November. A year earlier the rate was 1.2%. The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.11 percentage points), tobacco (+0.06 pp) and milk, cheese & eggs (+0.05 pp), while telecommunication (-0.10 pp), garments and vegetables (-0.05 pp each) had the biggest downward impacts.
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- Wednesday, 17 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 18 January
There were no major data releases from the UK yesterday, with focus on Brexit developments. Deutsche Bank says hundreds not thousands of staff will move after Brexit. Deutsche Bank plans to move hundreds of staff out of London as a result of Brexit rather than the thousands first feared, a senior executive has said. It is the latest global lender to roll back on suggestions of an exodus from the City caused by Britain's departure from the European Union. Deutsche previously said it was considering shifting up to 4,000 staff from London to Frankfurt.
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- Wednesday, 17 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 18 January
Yesterday, Australian Home Loans figures were published.The total value of dwelling commitments excluding alterations and additions (trend) was flat in November 2017 compared with October 2017, while the seasonally adjusted series rose 2.3% in November 2017. The total value of owner occupied housing commitments (trend) rose (up $14m, 0.1%) in November 2017. Rises were recorded in commitments for the purchase of new dwellings (up $3m, 0.2%) and commitments for the purchase of established dwellings (up $29m, 0.2%) while a fall was recorded in commitments for the construction of dwellings (down $18m, 0.9%). The seasonally adjusted series for the total value of owner occupied housing commitments rose 2.7% in November 2017.
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- Tuesday, 16 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 17 January
From Eurozone, yesterday, German CPI figures were released. Consumer prices in Germany rose by 1.8% on an annual average in 2017 compared with 2016. The increase was above the relevant levels of the past four years. Between 2014 and 2016, the year-on-year-rates of price increase were even below one percent each. The Federal Statistical Office (Destatis) also reports that the inflation rates as measured by the consumer price index ranged between +1.5% and +2.2% in the individual months of 2017. In December 2017, the inflation rate stood at +1.7%.
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