- Wednesday, 29 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 30 November
Yesterday's session brought German CPI and Spanish CPI figures. The inflation rate in Germany as measured by the consumer price index is expected to be 1.8% in November 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.3% on October 2017. According to the flash estimate issued by the INE, Spanish annual inflation of the CPI in November 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply the maintenance of its annual change, given that in October this change was 1.6%.
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- Wednesday, 29 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 30 November
From the UK, yesterday, Net Lending to Individuals figures were published. Net lending secured on dwellings was broadly unchanged at £3.4 billion in October. Underlying this were increases in gross lending and repayments due to increases in remortgaging activity. Total mortgage approvals increased slightly in October. Within this, remortgaging approvals increased to 51,593, the highest since October 2008. House purchase mortgage approvals fell slightly to 64,575 in October. The annual growth rate of consumer credit was broadly unchanged at 9.6% in October.
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- Wednesday, 29 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 30 November
There were no major data releases from Australia yesterday. In a statement released early Wednesday, the Reserve Bank of New Zealand said it would ease the lending restrictions on home buyers and property investors starting in January. The RBNZ said from the start of next year that it would increase the cap on banks from 10 percent to 15 percent for new mortgage lending to owner occupiers. Currently no more than 10 percent of loans can go to owner occupiers with a deposit of less than 20 percent. It will also ease the restrictions for investors.
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- Tuesday, 28 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 29 November
From Eurozone, yesterday, M3 Money Supply data was released. The annual growth rate of the broad monetary aggregate M3 decreased to 5.0% in October 2017, from 5.2% in September, averaging 5.1% in the three months up to October. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), decreased to 9.4% in October, from 9.8% in September. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was less negative at -2.7% in October, from -3.2% in September. The annual growth rate of marketable instruments (M3-M2) decreased to -0.7% in October, from 1.0% in September.
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