- Thursday, 14 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 15 December
Yesterday's session brought Australian job figures. Seasonally adjusted employment increased by 61,600 persons from October to November 2017 (following a combined increase of 28,600 over the preceding 2 months). The underlying composition of the net change was an increase of 41,900 persons in full-time employment and a 19,700 increase in part-time employment. Since November 2016, full-time employment has increased by 304,600 persons, while part-time employment has increased by 78,700 persons. The seasonally adjusted unemployment rate remained steady for the third consecutive month at 5.4 per cent in November 2017. Read more...
- Thursday, 14 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 14 December
From Eurozone, yesterday, Industrial Production figures were released. In October 2017 compared with September 2017, seasonally adjusted industrial production rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2017, the industrial production fell by 0.5% in both zones. In October 2017 compared with October 2016, industrial production increased by 3.7% in the euro area and by 4.2% in the EU28. Read more...
- Thursday, 14 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 14 December
Focus of the yesterday's session was on UK job figures. There were 32.08 million people in work, 56,000 fewer than for May to July 2017 but 325,000 more than for a year earlier. There were 1.43 million unemployed people (people not in work but seeking and available to work), 26,000 fewer than for May to July 2017 and 182,000 fewer than for a year earlier. The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975. Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.5% including bonuses and by 2.3% excluding bonuses, compared with a year earlier.
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- Thursday, 14 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 14 December
From Australia, yesterday, Westpac Consumer Sentiment figures were released. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to 103.3 in December from 99.7 in November. This is a surprisingly strong result and confirms the lift we have seen in the Index over the last three months. The average reading for the Index in the December quarter is 5% above the average for the September quarter when we saw a disturbing slump in consumer spending. This result is supportive of the view that consumer confidence may have bottomed out during that September quarter. Read more...
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