- Monday, 06 August 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 6 August
The EUR/USD is trading around the middle of the 1.1500 handle, slightly lower on the day. Markets are reflecting last week's busy events. The euro-zone reported marginally higher inflation but weaker growth than expected. The US continues enjoying a robust labor market even though the jobs report did not impress.
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- Monday, 06 August 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 6 August
The GBP/USD is trading down near half of a percent at 1.2940 against the US Dollar after the UK Trade minister Liam Fox said that a no-deal Brexit has a 60% chance of happening, increasing concerns of a major disruption to the economy and weighing on the Pound.
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- Monday, 06 August 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 6 August
The Australian dollar lost some ground during Asian trading hours, now back near 0.7400 against the greenback. Australia released the July TD Securities inflation figures estimated up 0.1% MoM and steady at 2.0% YoY, providing no support to the Aussie. In the meantime, the dollar retains a positive tone, as the effects of Chinese measures announced early Friday to lift the Yuan begun to fade, while the US employment report, also released at the end of last week, was not enough to take the Fed out of its current path of gradually rising rates.
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- Monday, 06 August 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 6 August - 10 August
The American dollar closed the week on a strong note, as mixed employment figures weren't enough to interrupt its rally, neither risk aversion related to escalating tensions between the US and China, or the recovery in US equities. The EUR/USD pair fell to 1.1559 to close the week not far above the level, and nearing its yearly low of 1.1507 as a week in where multiple central banks announced their latest decisions on monetary policy it was evident that the Fed is alone in the path to normalization. As for US employment data, the economy added 157K new jobs in July, below the market's expectations, although June figure was upwardly revised to 248K from 213K. The unemployment rate fell as expected to 3.9% with the participation rate holding steady at 62.9%, while wages' growth matched market's forecast with a 0.3% advance MoM and up by 2.7% YoY. Far from an impressive report, but enough to confirm Fed's view of a "strong" raise in economic activity.
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