- Monday, 11 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 12 December
Yesterday, from the UK Rightmove house prices data was released. Home owners have had a good run, with every year since 2011 seeing a rise in the price of property coming to market, and the national average rise over those six years being 30.9%, equivalent to 4.6% per year. 2018 will continue the 2017 trend by being a real mixed bag of different price pressures both up and down, but the net result is that we forecast another year of a slowing in the pace of price rises. The peak in the cycle of rising prices was 2015’s annual jump of 7.4%.
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- Monday, 11 December 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 12 December
There were no data releases from Australia yesterday, but over the weekend China's CPI and PPI figures were released. China's consumer inflation, which has stayed well within Beijing's 2017 target of 3 percent this year, slowed more than expected in November to 1.7 percent from 1.9 percent previously, as food prices fell. Non-food price inflation quickened to 2.5 percent in November from 2.4 percent in October. The consumer price index (CPI) had been expected to edge down to 1.8 percent on-year compared with an increase of 1.9 percent in October. The world's second-biggest economy has defied market expectations with economic growth of 6.9 percent in the first nine months of the year, supported by a construction boom and robust exports.
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- Thursday, 07 December 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 08 December
From Eurozone, German Industrial Production figures were published. In October 2017, production in industry was down by 1.4% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In September 2017, the corrected figure shows a decrease of 0.9% (primary –1.6%) from August 2017. In October 2017, production in industry excluding energy and construction was down by 2.0%. Within industry, the production of capital goods decreased by 2.7% and the production of consumer goods by 2.6%.
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- Thursday, 07 December 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 08 December
From the UK, yesterday, house prices figures were published. House prices in the last three months (September-November) were 2.4% higher than in the previous quarter (June-August). This is the fastest price growth, on this measure, since January. Prices in the three months to November were 3.9% higher than in the same three months a year earlier although the annual change in November was lower than in October (4.5%). House prices rose by 0.5% between October and November, following a 0.3% increase in October marking the fifth consecutive monthly rise. Read more...
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