- Monday, 26 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 27 February
There were no data releases from Australia yesterday. Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by Federal Reserve Chair Jerome Powell later this week. Spot gold was up 0.4 percent at $1,333.74 an ounce at 1503 GMT, while U.S. gold futures for April delivery were up $4.90 an ounce at $1,335.20.
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- Sunday, 25 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 26 February
From Eurozone, on Friday, Final CPI figures were released. Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017. A year earlier the rate was 1.7%. Compared with December 2017, annual inflation fell in twenty-one Member States, remained stable in one and rose in six.
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- Sunday, 25 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 26 February
There were no data releases from the UK on Friday. The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to a newspaper interview released on Saturday. Ramsden was one of two policymakers who opposed the BoE’s decision in November to raise interest rates for the first time in a decade, but appears to have shifted his stance somewhat in comments published by the Sunday Times newspaper.
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- Sunday, 25 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 26 February
There were no data releases from Australia on Friday. Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials are publicly debating how to prepare for the next downturn. Should they scrap their approach to inflation targeting? How big of a balance sheet should they retain? How much further can they raise interest rates and still keep the economy on a growth path?
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