- Saturday, 23 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 26 December
Friday's session brought German Consumer Climate figures from Eurozone. Consumers in Germany still appear to be in high spirits at the end of 2017. Both economic and income expectations are on the rise, whilst propensity to buy has taken a slight hit. GfK forecasts an increase in consumer climate for January 2018 of 0.1 points in comparison to the previous month to 10.8 points. Consumers currently see the German economy as displaying a strong upward trend. Economic expectations confirm this very good trend as they are displaying slight growth.
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- Saturday, 23 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 26 December
Friday's session was marked by UK Current Account and Final GDP figures. The UK’s current account deficit was £22.8 billion (4.5% of gross domestic product) in Quarter 3 (July to Sept) 2017, a narrowing of £3.0 billion from a revised deficit of £25.8 billion (5.1% of gross domestic product) in Quarter 2 (Apr to June) 2017. The narrowing in the current account deficit was driven by a narrowing of the deficits on primary income by £1.8 billion, secondary income by £1.0 billion and total trade by £0.3 billion in Quarter 3 2017.
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- Saturday, 23 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 26 December
There were no data releases from Australia on Friday, with focus on commodity prices. Gold futures ended higher Friday, closing the books on back-to-back positive trading weeks and padding a year-to-date gain that’s near 10%. The metal built on modest gains after a flurry of economic news offered a mixed picture on the economy, data that could still back up expectations for continued, if modest, Federal Reserve interest-rate tightening deep into 2018.
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- Thursday, 21 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 22 December
From Eurozone, yesterday, only Consumer Confidence figures were released. In December 2017, the DG ECFIN flash estimate of the consumer confidence indicator improved slightly in the euro area (+0.5 points to +0.5) and remained virtually flat in the EU (+0.1 points to -0.6) compared to November.
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