- Monday, 02 July 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 3 July
Yesterday, from Eurozone, Spanish Manufacturing PMI figures were released. Spanish manufacturing business conditions continued to improve at the end of the second quarter of 2018, although the rate of growth in the sector remained muted relative to earlier in the year. Output increased at the weakest pace in ten months, but the rate of growth in new orders accelerated. The headline IHS Markit Spain Manufacturing PMI – a composite single-figure indicator of manufacturing performance – was unchanged at 53.4 in June, signalling a solid monthly improvement in the health of the manufacturing sector, but one that was the joint-weakest in ten months. Operating conditions have now strengthened in each of the past 55 months.
Read more...
- Monday, 02 July 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 3 July
Yesterday’s session brought UK Manufacturing PMI figures. The performance of the UK manufacturing sector remained relatively subdued in June, especially when compared to the marked pace of growth seen before the turn of the year. Output growth moderated, to largely offset a mild acceleration in new order growth and improved job creation. The survey was conducted between 12-26 June. At 54.4 in June, the seasonally adjusted HIS Markit/CIPS Purchasing Managers’ Index® (PMI® ) was a tick above May’s downwardly revised reading of 54.3 (originally 54.4) and stands almost four points below the 51-month high reached in November last year.
Read more...
- Monday, 02 July 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 3 July
From Australia, yesterday, ANZ Job Advertisements figures were released. ANZ Australian Job Advertisements fell 1.7% in June, reversing the 1.4% gain recorded last month. This was the fourth monthly decline in six months of data released for 2018, though these falls do follow the very strong rise in January. On an annual basis, growth slowed from 11.5% in May to 6.9% in June.
Read more...
- Friday, 29 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 2 July
Focus of Friday’s session was on Eurozone CPI figures. Euro area annual inflation is expected to be 2.0% in June 2018, up from 1.9% in May 2018, 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 June (8.0%, compared with 6.1% in May), followed by food, alcohol & tobacco (2.8%, compared with 2.5% in May), services (1.3%, compared with 1.6% in May) and non-energy industrial goods (0.4%, compared with 0.3% in May).
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…