- Monday, 09 July 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 10 July
From Eurozone, yesterday, German Trade Balance and Sentix Investor Confidence figures were released. Germany exported goods to the value of 109.1 billion euros and imported goods to the value of 89.4 billion euros in May 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports declined by 1.3%, while imports increased by 0.8% in May 2018 year on year. After calendar and seasonal adjustment, exports increased by 1.8% and imports by 0.7% compared with April 2018. The foreign trade balance showed a surplus of 19.7 billion euros in May 2018.
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- Monday, 09 July 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 10 July
Focus of the yesterday’s session was on Brexit developments and resignation of Boris Johnson as foreign secretary. British Foreign Secretary Boris Johnson and Brexit minister David Davis departed over Prime Minister Theresa May’s plans to leave the European Union, leaving the British leader’s Brexit plans in ruins. The pound reversed gains on Monday amid fresh Brexit uncertainty after Boris Johnson resigned as British foreign secretary, helping the dollar pull back from three-week lows. GBP/USD was down 0.16% to 1.3273 by 10:17 AM ET (14:17 GMT), off an earlier high of 1.3363.
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- Monday, 09 July 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 10 July
There were no data releases both from Australia and USA yesterday. Investors seem to be enjoying the relative calm over the U.S.-China trade dispute. Although the U.S. followed through on its threat to impose a tariff on $34 billion in Chinese imports on July 6, the price action indicates the news had been fully-priced into the market. Therefore, we’re not likely to see much of a reaction to the tariffs unless there is further retaliation from China, or additional tariffs from the United States.
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- Thursday, 05 July 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 6 July
From Eurozone, German Factory Orders figures were published. German industrial orders bounced back in May with a stronger-than-expected jump after four consecutive monthly drops, data showed on Thursday, as demand from domestic customers and the rest of the euro zone picked up. The Federal Statistics Office said orders rose 2.6 percent after an upwardly revised drop of 1.6 percent the previous month. The latest reading beat a Reuters poll of analysts, who had predicted a 1.1 percent rise.
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