- Wednesday, 14 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 15 March
There were no data releases from the UK yesterday. Britain is to kick out 23 Russian diplomats, the biggest such expulsion since the Cold War, over a chemical attack on a former Russian double agent in England that Prime Minister Theresa May blamed on Moscow. May pointed the finger firmly at Russian President Vladimir Putin on Wednesday as she outlined retaliatory measures in parliament. Russia denies any involvement in the attack on ex-spy Sergei Skripal and his daughter Yulia, who have been critical in hospital since they were found unconscious on March 4 on a bench in the southern English city of Salisbury. Read more...
- Wednesday, 14 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 15 March
There were no data releases from Australia yesterday, but from China Industrial Production figures were published. The Australian Dollar got a lift Wednesday from some broadly upbeat Chinese economic data. February’s industrial production rose by 7.2%, a full percentage point above expectations. Fixed-asset investment rose by 7.9%, when a 7% gain had been expected. Retail sales were the weak point, but even they were fairly perky. Sales rose by 9.7%, just below the hoped for 9.8% gain. Beijing expects the Chinese economy to grow by about 6.5% this year, according to the target released this month at the National People’s Congress.
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- Tuesday, 13 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 14 March
From Eurozone, yesterday, French payroll employment figures were released. In Q4 2017, net payroll job creation reached 72,700, that is an increase of +0.3% after an increase of +0.2% in the previous quarter. Payroll employment increased by 82,300 in the private sector while it decreased by 9,600 in the public sector because of the decline in the number of subsidised employment contracts. Year on year, it rose by 268,800 net jobs (+1.1%): 277,700 jobs were created in the private sector and 8,900 jobs were destroyed in the public service. Read more...
- Tuesday, 13 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 14 March
Focus of yesterday's session was on UK Budget releases. Philip Hammond tried to talk up the U.K. economy, but the numbers don’t back him up. In 2021, when the U.K.’s Brexit transition will have ended, the government’s budget watchdog lowered its growth forecast. What’s more, it looks like the country is going to be paying money to the European Union for decades to come, well into 2060. The U.K. chancellor is in an bind: voters are angry after eight years of austerity but Hammond lacks the resources to be able to significantly relax the pain. At the same time his Conservative Party is deeply divided on how to tackle Brexit, and he falls firmly in the camp of those in the party that fear there is no bright side to quitting the world’s biggest trade bloc. Read more...
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