- Wednesday, 22 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 23 November
From Eurozone, yesterday, only Consumer Confidence figures were released. In November 2017, the DG ECFIN flash estimate of the consumer confidence indicator improved in both the euro area (+1.2 points to +0.1) and the EU (+0.9 points to -0.7) compared to October. Read more...
- Wednesday, 22 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 23 November
Focus of the yesterday's session was on Autumn Budget Forecast. U.K. Prime Minister Theresa May’s troubled government resigned itself to a deteriorating economic outlook as it committed 3 billion pounds ($4 billion) to prepare for Brexit and tried to make housing more affordable for the young. In delivering his annual budget on Wednesday, Chancellor of the Exchequer Philip Hammond acknowledged official forecasts which showed Brexit already inflicting an economic cost. The Office for Budget Responsibility predicted growth will now undershoot 2 percent every year through 2021 and it halved its estimate for productivity gains over the next five years.
Read more...
- Wednesday, 22 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 23 November
Yesterday's session brought Australian Construction Work Done figures. The trend estimate for total construction work done rose 0.6% in the September quarter 2017. The seasonally adjusted estimate for total construction work done rose 15.7% to $61,863.2m in the September quarter. The trend estimate for total building work done fell 0.2% in the September quarter. The trend estimate for non-residential building work rose 0.7% and residential building work fell 0.8%.
Read more...
- Tuesday, 21 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 22 November
There were no data releases from Eurozone yesterday. Analysts at UOB Group acknowledged that the pro-business Free Democrats (FDP) unexpectedly pulled out of more than four weeks of negotiations with German Chancellor Angela Merkel’s conservative bloc and the ecologist Greens, citing irreconcilable differences. "An agreement remains possible and we do not think this situation currently reflects anything more than a short-term distraction for the EUR. Look for range-trading to continue for now," the analysts at Scotiabank added. Meanwhile, ECB's Draghi said that there is no risk for central banks from digital currencies currently, but they are a development that should receive interest from central banks and supervisor.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…