- Tuesday, 21 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 21 November
There were no data releases both from Australia and USA yesterday. Asian markets turned lower on Monday as the correction that has hit global equities moved into another week, while the euro faced fresh pressure after German Chancellor Angela Merkel failed to form a government at the weekend. Traders tracked a sell-off on Wall Street, where all three main indexes finished in the red on profit-taking and worries that US lawmakers will struggle to push through Donald Trump's tax-cut plans. Read more...
- Thursday, 16 November 2017
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 17 November
From Eurozone, yesterday, Final CPI data was released. Euro area annual inflation was 1.4% in October 2017, down from 1.5% in September. In October 2016, the rate was 0.5%. European Union annual inflation was 1.7% in October 2017, down from 1.8% in September. A year earlier the rate was 0.5%. These figures come from Eurostat, the statistical office of the European Union. The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.10 percentage points), accommodation services (+0.08 pp) and milk, cheese & eggs (+0.06 pp), while telecommunication (-0.11 pp), garments (-0.07 pp) and social protection ( 0.04 pp) had the biggest downward impacts.
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- Thursday, 16 November 2017
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 17 November
Yesterday's session was marked by UK Retail Sales figures. The underlying pattern in the retail industry in October 2017, as suggested by the three-month on three-month measure is one of growth, with the quantity bought increasing by 0.9%. The quantity bought in October 2017 increased by 0.3% compared with September 2017; non-food stores, in particular second-hand goods stores (charity shops, auction houses, antiques and fine art dealers) provided the largest contribution to this growth. The longer-term picture as shown by the year-on-year growth rate shows the quantity bought fell by 0.3% in comparison with a strong October 2016; food stores provided the largest contribution to this fall.
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- Thursday, 16 November 2017
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 17 November
Focus of the yesterday's session was on Australian job data. The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for October 2017 shows that total employment growth was weak although there was relatively good full-time employment growth. Employment increased by a minuscule 3,700 (0.03 per cent) – full-time employment increased 24,300 and part-time employment decreased 20,700. While the growth in full-time employment is a good outcome, the overall employment growth was very weak and follows a fairly weak result the previous month. The official unemployment rate decreased 0.1 points to 5.4 per cent. Read more...
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