- Tuesday, 16 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 17 January
Focus of the yesterday's session was on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in December 2017, down from 2.8% in November 2017. Following a steady increase from late 2015, since April 2017 the CPIH rate has levelled off, ranging between 2.6% and 2.8%. The downward effect came mainly from air fares, along with a fall in the prices of a range of recreational goods, particularly games and toys. The downward contributions were partially offset by an increase in tobacco prices, reflecting duty increases that came into effect following the Autumn Budget, along with an increase in petrol and diesel prices. The Consumer Prices Index (CPI) 12-month rate was 3.0% in December 2017, down from 3.1% in November 2017.
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- Tuesday, 16 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 17 January
From Australia, yesterday, New Motor Vehicle Sales figures were released. The December 2017 trend estimate (99,756) increased by 0.2% when compared with November 2017. In seasonally adjusted terms sales rose by 4.5%. When comparing national trend estimates for December 2017 with November 2017, sales for Sports utility and Other vehicles both increased by 0.5%. By contrast, Passenger vehicles decreased by 0.3%. The largest upward movement across all states and territories, on a trend basis, was in Tasmania (2.2%), continuing an upward trend that began in April 2017.
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- Tuesday, 16 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 16 January
Yesterday, from Eurozone, Trade Balance figures were released. The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2017 was €197.5 billion, an increase of 7.7% compared with November 2016 (€183.5 bn). Imports from the rest of the world stood at €171.2 bn, a rise of 7.3% compared with November 2016 (€159.6 bn). As a result, the euro area recorded a €26.3bn surplus in trade in goods with the rest of the world in November 2017, compared with +€23.8 bn in November 2016. Intra-euro area trade rose to €165.5 bn in November 2017, up by 6.9% compared with November 2016.
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- Tuesday, 16 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 16 January
Yesterday's session brought Rightmove HPI figures. Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year, averaging over 4 million visits per day. Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90% of the UK property market, similar to the 0.6% rise at this time a year ago with virtually identical number of properties coming to market.
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