- Tuesday, 09 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 10 January
From the UK, yesterday, BRC report on retail sales was published. The British Retail Consortium, which represents large chains, said overall spending in the last three months of 2017 rose by a sluggish 1.1 percent, compared with an average annual growth rate of 1.7 percent for 2017 as a whole. “Growth in spending was in line with the average for the year. However, the divergence between growth in sales of food and non-food has never been so stark,” BRC chief executive Helen Dickinson said. Non-food sales fell by 1.4 percent year-on-year in the fourth quarter, the biggest drop since March 2009, while food sales grew by 4.2 percent, the biggest jump since June.
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- Tuesday, 09 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 10 January
Yesterday's session brought Australian Building Approvals figures. The number of dwellings approved rose 0.9 per cent in November 2017, in trend terms, and has risen for 10 months, according to data released by the Australian Bureau of Statistics (ABS) today. In seasonally adjusted terms, dwelling approvals increased by 11.7 per cent in November, driven by a rise in private dwellings excluding houses (30.6 per cent), while private house approvals fell 2.0 per cent. The value of total building approved rose 1.5 per cent in November, in trend terms, and has risen for 11 months. The value of residential building rose 2.3 per cent while non-residential building rose 0.2 per cent.
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- Monday, 08 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 09 January
From Eurozone, yesterday, German Factory Orders and Retail Sales figures were published. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2017 a seasonally and working-day adjusted 0.4% on the previous month. For October 2017, revision of the preliminary outcome resulted in an increase of 0.7% compared with September 2017 (primary +0.5%). Price-adjusted new orders without major orders in manufacturing had increased in November 2017 a seasonally and working-day adjusted +1.8% on the previous month.
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- Monday, 08 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 09 January
From the UK, yesterday, house prices figures were released. House prices in the three months to December were 1.3% higher than in the previous quarter; a gradual slowdown from 2.3% in both October and November. The annual rate of growth has also moderated to 2.7% from November’s 3.9%. Ending the year, house prices in December fell by 0.6%; the first monthly decline in six months. As we’d anticipated, the housing market in 2017 followed a similar pattern to the previous year. House price growth slowed, whilst building activity, completed sales and mortgage approvals for house purchase all remained flat.
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