- Monday, 26 March 2018
- News
AUD/USD Daily Forecast - 27 March
There were no data releases from Australia yesterday, with focus on commodity prices. Trade developments, risk appetite and position adjustment are liable to dominate the gold price discussion during the week ahead, with the U.S. interest rate debate on hold for the very short term. Gold moved lower during the first half of the past week before reversing and posting significant net gains – with five-week highs near $1,350 per ounce – under the influence of a sharp deterioration in risk appetite.
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- Tuesday, 20 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 21 March
Focus of the yesterday's session was on ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany decreased sharply in March 2018. The index has fallen by 12.7 points compared to the previous month, now standing at 5.1 points (long-term average: 23.6 points). The percentage of experts anticipating a decline over the coming six months has risen by 7.2 per cent to 12.9 per cent. “Concerns over a US-led global trade conflict have made the experts more cautious in their prognoses. The strong euro is also hampering the economic outlook for Germany, a nation reliant on exports. Combined with the experts’ continued positive assessment of the current situation, however, the outlook is still largely positive,” comments ZEW President Professor Achim Wambach. Read more...
- Tuesday, 20 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 21 March
Yesterday's session brought UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.5% in February 2018, down from 2.7% in January 2018. The largest downward contributions to the change in the rate came from transport and food prices, which rose by less than a year ago. Falling prices for accommodation services also had a downward effect. Rising prices for footwear produced the largest, partially offsetting, upward contribution. The Consumer Prices Index (CPI) 12-month rate was 2.7% in February 2018, down from 3.0% in January 2018.
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- Tuesday, 20 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 21 March
From Australia, yesterday, Home Loans figures were released. The price index for residential properties for the weighted average of the eight capital cities rose 1.0% in the December quarter 2017. The index rose 5.0% through the year to the December quarter 2017. The total value of residential dwellings in Australia was $6,869,006.7m at the end of the December quarter 2017, rising $92,858.9m over the quarter. The mean price of residential dwellings rose $6,500 to $686,700 and the number of residential dwellings rose by 40,400 to 10,003,100 in the December quarter 2017.
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