- Monday, 25 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 26 June
There were no data releases from the UK yesterday. Ian McCafferty, who has a reputation for being the Monetary Policy Committee’s most hawkish member, will on Tuesday give what is likely to be his final speech before he leaves the bank in August. At the same time, Jonathan Haskel, the man chosen to replace him, will make his first public appearance in his new capacity before lawmakers in Westminster, where he may give the first signs of his views on policy.
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- Monday, 25 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 26 June
There were no data releases from Australia tomorrow. The Reserve Bank of Australia’s Official Cash rate is still at 1.50%, a record low and the longest unchanged interest rate in the country’s history. No changes are fully-priced into rate futures markets until the end of 2019. No wonder, perhaps then, that the poor old Aussie Dollar should be struggling. The problem for both Asia Pacific economies is, of course inflation; the lack of it, to be specific. While neither country is performing especially badly, particularly on the employment front, pricing power remains stubbornly absent. Japanese consumer price inflation got up to 1.5% in February of this year. That was a near three-year high and the sight of it raised hopes that the BoJ’s 2% target might be within reach.
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- Monday, 26 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 27 March
There were no data releases from Eurozone yesterday. The Bundesbank President repeated that the ECB’s policy normalization should start soon, adding again that expectations for a rate hike around the middle of next year are “not unrealistic”. No real surprise there, although there seems a slight delay in the road map towards a rate hike, after Praet recently seemed to hint that he is comfortable with market expectations for a move “next spring”. If mega-hawk Weidmann is aiming more for the middle of next year, there doesn’t seem to be too much of a hurry, even if the general road map for the phasing out of policy measures remains intact, despite trade war jitters and market turbulences. Read more...
- Monday, 26 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 27 March
There were no data releases from the UK yesterday. David Davis’s Brexit department suffered a blow as the lead civil servant tasked with finding a solution for the Irish border quit after less than a year. Simon Case is leaving his role to become Prince William’s private secretary. He is to be replaced by his deputy, Brendan Threlfall. As director general Northern Ireland and Ireland in the Department for Exiting the EU, Case led a team of key officials working on what is arguably the most challenging issue facing the department.
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