- Wednesday, 21 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 22 February
Yesterday's session brought UK job figures. The number of people out of work in Britain rose at the fastest rate in almost five years, official figures showed on Wednesday, fuelled by an increase in unemployment among young people under the age of 24. After an almost two-year period of continuous declines in unemployment to the lowest levels since the mid 1970s, the number of people out of work rose by 46,000 to 1.47 million in the three months to December, according to the Office for National Statistics. The jobless rate rose to 4.4% against City forecasts for the level to remain unchanged at 4.3%. Read more...
- Wednesday, 21 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 22 February
From Australia, yesterday, Wage Price Index and Construction Work Done figures were released. The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS). The WPI rose 2.1 per cent through the year seasonally adjusted to December quarter 2017. ABS Chief Economist Bruce Hockman said "The annual rate of wage growth has increased for the second consecutive quarter reflecting falling unemployment and underemployment rates, and increasing job vacancy levels." Seasonally adjusted, private sector wages rose 1.9 per cent and public sector wages grew 2.4 per cent through the year to December quarter 2017. Read more...
- Tuesday, 20 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 21 February
Yesterday's session brought ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany recorded a decrease of 2.6 points in February 2018 and currently stands at 17.8 points. The indicator thus still remains slightly below the long-term average of 23.7 points. The assessment of the current economic situation in Germany decreased by 2.9 points, with the corresponding indicator currently standing at 92.3 points. “The latest survey results continue to show a positive outlook for the German economy. The assessment of the current economic situation is still on a very high level and the economy is expected to improve in the coming six months. Economic growth in Germany is substantially driven by the very good development of both the global economy and private consumption. Inflation expectations for Germany and the Eurozone have also started to increase,” comments ZEW President Professor Achim Wambach.
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- Tuesday, 20 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 21 February
From the UK, yesterday, CBI Industrial Orders Expectations figures were released. According to the latest CBI survey 30% of manufacturers reported total order books to be above normal, and 20% said they were below normal, giving a balance of +10% - above the negative long-run average of -14%. 22% of firms said their export order books were above normal, and 12% said they were below normal, giving a balance of +10% - far above the negative long run average of -18%.
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