- Monday, 18 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 19 December
Yesterday's session brought Eurozone Final CPI figures. Euro area annual inflation was 1.5% in November 2017, up from 1.4% in October. In November 2016, the rate was 0.6%. European Union annual inflation was 1.8% in November 2017, up from 1.7% in October. A year earlier the rate was 0.6%. Compared with October 2017, annual inflation fell in four Member States, remained stable in nine and rose in fifteen.
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- Monday, 18 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 19 December
From the UK, yesterday, CBI Industrial Orders Expectations figures were released. Britain’s manufacturers have ended 2017 on a high note, with output surging to meet the strongest order books in almost three decades. The latest snapshot of industry from the CBI found the strong growth recorded in November continued in December but is expected to abate in the early months of 2018. In a survey of 371 manufacturers, 28% said order books were above normal while 11% said they were below normal. The balance of + 17 points was the joint highest on record and well above the long-term average of - 14 points. Read more...
- Monday, 18 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 19 December
From Australia, yesterday, New Motor Vehicle Sales figures were released. The November 2017 trend estimate for new motor vehicle sales (98,690) decreased by 0.3% when compared with October 2017. On a seasonally adjusted basis prices rose by 0.1%. When comparing national trend estimates for November 2017 with October 2017, sales for Other vehicles increased by 0.4%. By contrast, Passenger vehicles and Sports utility vehicles decreased by 0.8% and 0.4% respectively. The largest downward movement across all states and territories, on a trend basis, was in the Northern Territory (-2.5%).
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- Friday, 15 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 18 December
From Eurozone, on Friday, Trade Balance data was released. The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2017 was €187.9 billion, an increase of 8.8% compared with October 2016 (€172.6 bn). Imports from the rest of the world stood at €168.9 bn, a rise of 10.1% compared with October 2016 (€153.4 bn). As a result, the euro area recorded a €18.9 bn surplus in trade in goods with the rest of the world in October 2017, compared with +€19.2 bn in October 2016. Intra-euro area trade rose to €160.0 bn in October 2017, up by 9.7% compared with October 2016.
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