- Thursday, 08 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 09 March
From the UK, yesterday, only house sales figures were released. The average number of properties on estate agents' books has hit a record low and is "unlikely to improve", according to a survey by the Royal Institution of Chartered Surveyors (Rics). While a typical estate agent has 42 homes on their books per branch, in London – where the nation's chronic housing shortage is most concentrated – the figure is just 33. Rics's monthly residential market survey, which gathers the views of more than 300 chartered surveyors across the country, also found that there was a prevailing trend in the lack of new buyer enquiries, new instructions and newly agreed sales.
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- Thursday, 08 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 09 March
Yesterday's session was marked by Australian Trade Balalnce figures. Australia’s international trade balance swung back to surplus in January, recovering following a large deficit in December. According to the Australian Bureau of Statistics (ABS), a surplus of $1.055 billion was recorded during the month in seasonally adjusted terms, more than five times larger than the $200 million surplus that had been expected by economists. It was the largest trade surplus since September 2017. December’s trade deficit, originally reported at $1.358 billion, was also revised to show a deficit of $1.146 billion.
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- Wednesday, 07 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 08 March
Yesterday, from Eurozone, only Revised GDP figures were published. Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2017, GDP grew by 0.7% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7% in the euro area and by 2.6% in the EU28 in the fourth quarter of 2017, after +2.7% in both zones in the previous quarter.
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- Wednesday, 07 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 08 March
From the UK, yesterday, house prices figures were released. House prices continue to remain broadly flat, as they have since the end of last year. The annual rate of growth has slowed from 2.2% in January to 1.8% in February, the lowest rate of growth since March 2013. “The labour market continues to perform strongly with the number of people in employment rising by 88,000 in the three months to December. Notably, this is almost entirely accounted for by full-time jobs.
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