- Thursday, 22 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 23 February
From Eurozone, yesterday, German Business Climate figures were released. German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe’s biggest economy is set for solid growth in the first quarter of this year. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to 115.4 from 117.6 in January. Read more...
- Thursday, 22 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 23 February
Focus of the yesterday's session was on UK GDP data. UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017; this is a 0.1 percentage point revision down from the preliminary estimate of GDP, in part reflecting a small downward revision to the estimated output of the production industries. Growth in the latest quarter was driven by business services and finance within the services sector, there was, though, a small downward revision to services since the preliminary estimate of GDP, but this does not impact on services quarterly growth to one decimal place.
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- Thursday, 22 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 23 February
There were no data release from Australia yesterday. China’s rising power and a resurgent trans-Pacific trade pact will be at the top of the agenda when Australian Prime Minister Malcolm Turnbull and U.S. President Donald Trump meet in Washington this week, an Australian official said on Thursday. The meeting comes as both seek to repair a relationship damaged last year by a row over asylum seekers in which Trump lambasted Turnbull over a resettlement arrangement that he labelled a “dumb” deal. The prime minister is traveling with a large delegation of business leaders and he is very keen to talk trade opportunities, while China will obviously be an important element of the talks,” said the Australian government official, who declined to be identified because he is not authorized to talk to the media.
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- Wednesday, 21 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 22 February
From Eurozone, yesterday, German and French PMI figures were released. French private sector activity slowed but remained solid in February, according to survey data released on Wednesday. The preliminary reading of the Markit services purchasing managers’ index came in at 57.9 this month from 59.2 in January. Economists had forecast a reading of 59.1. The manufacturing PMI dropped to 56.1, compared to expectations for 58.1 and from 58.4 a month earlier. The composite output index, which measures the combined output of both the manufacturing and service sectors ticked down to 57.8 from 59.6, against expectations for 59.4.
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