- Monday, 27 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 28 November
There were no major data releases from the UK on Monday. The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit. The government said on Monday that it had secured a major investment from global healthcare company MSD, known as Merck & Co in the United States, ahead of the publication of the strategy. Life sciences is one of four sectors being targeted by the government, which will also focus on construction, artificial intelligence and the automotive industry. Business Minister Greg Clark said Britain has some of the world's best universities and research institutions, as well as leading companies in sectors ranging from advanced manufacturing to financial services, life sciences and creative industries.
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- Monday, 27 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 28 November
There were no major data releases from Australia yesterday. The White Paper makes clear that the most significant of these challenges stems from the two major powers in our region — the United States and China — and the relationship between them. Few will be surprised by Australia’s view that it faces a more contested and uncertain international environment as a result of the changing balance of power between the United States and China and its concerns about how China may use its political, military and economic weight in the future. Read more...
- Saturday, 25 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 27 November
Friday's session brought German Business Climate figures. Sentiment among German businesses is very strong. The ifo Business Climate Index rose to a new record high of 117.5 points in November from 116.8 (Seasonally adjusted.) points in October. This was due to far more optimistic business expectations. Companies’ assessments of the current business situation were no longer as positive as last month. The German economy is on track for a boom. The latest figures indicate economic growth of 0.7 percent in the fourth quarter, pointing to growth of 2.3 percent for 2017 as a whole.
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- Saturday, 25 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 27 November
There were no major data releases from the UK on Friday. The European Union handed Prime Minister Theresa May a 10-day “absolute deadline” to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit. Without a deal next month, time will be very tight to agree arrangements before Britain leaves the EU in March 2019, adding to pressure on businesses to avoid potential losses and move investments. “We need to see progress from UK within 10 days on all issues, including on Ireland,” European Council President Donald Tusk tweeted after meeting May in Brussels for one hour following an EU summit.
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