- Friday, 29 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 2 July
Friday’s session brought UK Current Account figures. The UK’s current account deficit was £17.7 billion (3.4% of gross domestic product (GDP)) in Quarter 1 (Jan to Mar) 2018, a narrowing of £1.8 billion from a revised deficit of £19.5 billion (3.8% of GDP) in Quarter 4 (Oct to Dec) 2017. The UK’s current account deficit narrowed primarily due to a narrowing of both the trade deficit and the primary income deficit, partially offset by a widening of the secondary income deficit in Quarter 1 (Jan to Mar) 2018.
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- Friday, 29 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 2 July
From Australia, on Friday, New Home Sales figures were released. The first half of 2018 has seen a downward trend in new house sales. Sales across the five mainland states declined by 4.4 per cent in May, representing a fifth consecutive monthly fall. Sales are now 14.1 per cent lower than in May 2017. The deterioration of sales over the year to date reflects the shifts in housing market conditions. The availability of credit has tightened over the past 12 months with banks responding to the decline in house prices and the Banking Royal Commission.
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- Thursday, 28 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 29 June
Yesterday, from Eruozone German CPI figures were released. German inflation rose in line with expectations last month, according to a report released on Thursday. The consumer price index rose 2.1% last month, compared with the same month a year earlier, according to data from the Federal Statistics Office. The reading was slightly weaker than May's 2.2% increase but the minor dip was unlikely to alter the European Central Bank's outlook on monetary policy. Prices rose 0.1% from a month earlier.
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- Thursday, 28 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 29 June
There were no major data releases from the UK yesterday. ank of England Deputy Governor Jon Cunliffe offered no hints on Thursday that he is likely to vote for higher interest rates soon, pointing instead to the central bank's guidance that rates are likely to rise in a gradual and limited fashion. Earlier this month investors were surprised when the Bank's chief economist Andy Haldane joined a minority of officials calling for an immediate rise in rates, boosting the chances of a hike in August. Cunliffe, asked in a BBC radio interview about the prospect that rates could rise from 0.5 percent to 2.5 percent within a couple of years, said: "Financial markets are assuming that interest rates go up by another three-quarters of a percentage point over the next couple of years."
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