- Thursday, 01 March 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 02 March
From Australia, yesterday, Private Capital Expenditure figures were released. The trend volume estimate for total new capital expenditure rose by 0.8% in the December quarter 2017 while the seasonally adjusted estimate fell by 0.2%. The trend volume estimate for buildings and structures fell by 0.2% in the December quarter 2017 while the seasonally adjusted estimate fell by 2.1%. The trend volume estimate for equipment, plant and machinery rose by 2.1% in the December quarter 2017 while the seasonally adjusted estimate rose by 2.2%. Read more...
- Wednesday, 28 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 01 March
Yesterday's session was marked by Eurozone CPI figures. Euro area annual inflation is expected to be 1.2% in February 2018, down from 1.3% in January 2018, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in February (2.1%, compared with 2.2% in January), followed by services (1.3%, compared with 1.2% in January), food, alcohol & tobacco (1.1%, compared with 1.9% in January) and non-energy industrial goods (0.7%, compared with 0.6% in January).
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- Wednesday, 28 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 01 March
There were no data releases from the UK yesterday. The Prime Minister has rejected EU proposals to establish a "common regulatory area" between Brussels and Northern Ireland. Theresa May insisted "no UK prime minister could ever agree" to the plan included in a 118-page document published by the European Commission on Wednesday morning. Speaking at Prime Minister's Questions, Mrs May told the House of Commons the EU's proposals threaten the make-up of the UK. She said: "The draft legal text the Commission have published would, if implemented, undermine the UK common market and threaten the constitutional integrity of the UK by creating a customs and regulatory border down the Irish Sea, and no UK prime minister could ever agree to it."
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- Tuesday, 27 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 28 February
From Eurozone, German CPI and Spanish CPI data was released. The inflation rate in Germany as measured by the consumer price index is expected to be 1.4% in February 2018. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.5% on January 2018. In February 2018, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.2% year on year and 0.5% on January 2018.
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