- Tuesday, 26 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 27 June
There were no data releases from Eurozone yesterday. Fresh comments from ECB official Peter Praet suggest the central bank remains in no rush to normalize monetary policy as the board member pledges to retain the zero-interest rate policy (ZIRP) ‘as long as necessary to ensure that inflation developments remain in line with current expectations of a sustained adjustment path.’ It seems as though the ECB will keep the door open to further support the monetary union as the Governing Council struggles to achieve its one and only mandate for price stability, and the Euro remains at risk of facing additional headwinds over the coming months as the quantitative easing (QE) program is now set to expire in December.
Read more...
- Tuesday, 26 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 27 June
There were no data releases from the UK yesterday. The Society of Motor Manufacturers and Traders said Tuesday that investment in new models, equipment and facilities in the United Kingdom was £347 million ($460 million) in the first half of the year, compared to £647 million ($860 million) in the same period of 2017. The dramatic decline underscores fears that customs checks resulting from Britain's departure from the European Union could hold up parts shipments needed to keep auto factories running smoothly. Read more...
- Tuesday, 26 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 27 June
There were no data releases from Australia yesterday. Meanwhile, the RBA for July 3rd is expected to leave its cash rate at 1.5%. It recently reinforced its dovish credentials, so the hawkish position of the Fed should be supportive of lower levels in the absence of sustained risk on rallies in sentiment.
Read more...
- Monday, 25 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 26 June
From Eurozone, yesterday, German Business Confidence figures were released. The ifo Business Climate deteriorated this month. The index fell to 101.8 points in June from 102.3 (seasonally adjusted) points in May. Companies were less satisfied with their current business situation. Their business expectations, by contrast, remained slightly optimistic. The tailwind enjoyed by the German economy is calming down. In manufacturing, the index fell due to poorer assessments of the current business situation. Manufacturers’ business expectations, by contrast, remained slightly optimistic. More manufacturers plan to ramp up production in the months ahead.
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…