- Thursday, 05 July 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 6 July
There were no major data releases from the UK yesterday. BoE Gov. Carney expressed “greater confidence” that the UK economy was performing better after the weather-related slowdown in Q1. Analysts at Scotiabank explained that the latest survey activity – and this week’s UK manufacturing, services and construction PMIs – "certainly bear that notion out and markets are taking note".
Read more...
- Thursday, 05 July 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 6 July
There were no data releases from Australia yesterday. In the US session ADP job figures, Non-Manufacturing PMI and FOMC Meeting Minutes were released. Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report. “The labor market continues to march towards full employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Healthcare led job growth once again and trade rebounded nicely.”
Read more...
- Wednesday, 04 July 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 5 July
Yesterday, from Eurozone, Spanish Services PMI figures were released. The Spanish service sector remained well inside growth territory during June, despite rates of expansion in activity and new business easing slightly from May. Employment continued to rise at one of the fastest rates in the past 11 years. Meanwhile, the rate of input cost inflation accelerated to the steepest in almost a decade on the back of higher costs for fuel and staff. Output prices also increased, albeit modestly.
Read more...
- Wednesday, 04 July 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 5 July
Focus of the yesterday’s session was on UK Services PMI figures. The UK economy has bounced back from a soft patch in the opening months of 2018, according to a closely watched survey of the services sector that showed stronger than expected activity last month. In the latest sign that bad weather held back the economy during the first quarter, the health check by the Chartered Institute for Procurement and Supply and IHS Markit reported the strongest growth in eight months.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…