- Monday, 05 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 06 March
From Eurozone, yesterday, Spanish Services PMI figures were released. Spanish service providers continued to benefit from strengthening underlying demand in February, seeing new orders rise sharply. On the price front, both input costs and output prices rose at sharper rates amid higher staff costs and a greater ability to increase prices for good quality services. The headline seasonally adjusted Business Activity Index improved to 57.3 in February from 56.9 in January. This signalled a sharp monthly increase in service sector output, and one that was the sharpest since July last year. Activity has now risen in each of the past 52 months.
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- Monday, 05 March 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 06 March
Yesterday's session brought UK Services PMI figures. UK service providers experienced a modest rebound in business activity growth during since May 2017. The seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index registered 54.5 in February, up from 53.0 in January, to signal the strongest rate of service sector output growth for four months. Higher levels of business activity were attributed to the resilient economic backdrop and an associated upturn in new work.
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- Monday, 05 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 06 March
From Australia, yesterday, Building Approvals figures were released. The trend estimate for total dwellings approved rose 0.1% in January after falling for three months. The seasonally adjusted estimate for total dwellings approved rose 17.1% in January. The trend estimate for private sector houses approved fell 0.1% in January and has fallen for four months. The seasonally adjusted estimate for private sector houses fell 1.1% in January. The trend estimate for private sector dwellings excluding houses rose 0.4% in January after falling for two months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 42.2% in January. Read more...
- Saturday, 03 March 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 05 March
From Eurozone, Spanish Unemployment Change figures were released. The number of unemployed registered in the offices of the Public Employment Services has decreased in February by 6,280 people in relation to the previous month. During the last ten years the increase recorded on average in the months of February was 50,696 people. In seasonally adjusted terms, unemployment has dropped by 23,139 people. With respect to February 2017, unemployment has been reduced by 280,628 people, and the year-on-year reduction rate stands at 7.48%. Thus, the total number of registered unemployed is 3,470,248, and is at its lowest level in the last 9 years.
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