- Friday, 15 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 18 December
There were no data releases from the UK on Friday, with focus on Brexit negotiations. Following the humiliation of losing the House of Commons vote on Friday, in which MP’s took the final say on the Brexit deal from the executive, UK Prime Minister was in Brussels as EU leaders gave approval for Brexit talks to move to phase 2. At a dinner last night, she was applauded by leaders of the other 27 EU nations after giving a speech. This morning, the European Council approved the recommendation from the European Commission that talks should proceed to the next phase. Donald Tusk, President of the European Council, tweeted the news.
Read more...
- Friday, 15 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 18 December
There were no data releases from Australia on Friday. After pushing higher on Wednesday on the back of a weak US consumer price inflation report and updated FOMC forecasts that were perceived to be more dovish than what markets expected, the Aussie continued to rally on Thursday, propelled northwards by another stellar Australian jobs report for November and solid economic data from China.
Read more...
- Thursday, 14 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 15 December
From Eurozone, yesterday, French and German PMI figures were released. French private sector output remained strong in December, boosting the economic outlook for the euro zone’s second largest economy according to data released on Thursday. The preliminary reading of the Markit services purchasing managers’ index dipped to 59.4 this month from 60.4 in November. Economists had forecast a reading of 59.9. The manufacturing PMI rose to an almost 17-and-a-half year high of 59.3, compared to expectations for 57.2 and up from 57.7 a month earlier.
Read more...
- Thursday, 14 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 15 December
From the UK, yesterday, Retail Sales figures were released. The underlying pattern in the retail industry in November 2017, as suggested by the three-month on three-month measure remains one of growth, with the quantity bought increasing by 0.8%. When compared with October 2017, the quantity bought in November 2017 increased by 1.1%, with household goods stores showing strong growth at 2.9%. Retailers’ feedback suggests that “Black Friday” events contributed to the monthly increase in household goods stores, with electrical household appliances making the largest contribution to the growth.
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…