- Friday, 21 July 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 24 July – 28 July
Events that marked the week:
Tuesday's session was marked by UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in June 2017, down from 2.7% in May 2017. This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years. Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate. These downward contributions were partially offset by rising prices for furniture and furnishings. The Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017. The annual rate of inflation for goods leaving the factory gate slowed for the second time this year in June and follows a steep decline in input price inflation since January 2017.
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- Friday, 21 July 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 24 July – 28 July
Events that marked the week:
There were no data releases from Australia on Monday, but from China GDP and Industrial Production figures were released. China’s economy expanded faster than expected in the second quarter, as traditional growth sectors continued to underpin the economy. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.9% in the second quarter, unchanged from the previous quarter and well within the government’s target range of 6.5% to 7%. Analysts in a median forecast called for quarterly growth of 6.8%. Compared to Q1, GDP expanded 1.7%, official data showed.
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- Friday, 21 July 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Empire State Manufacturing Index data was published. Business activity grew modestly in New York State, according to firms responding to the July 2017 Empire State Manufacturing Survey. The headline general business conditions index fell ten points to 9.8. The new orders index moved down to 13.3, and the shipments index fell to 10.5, suggesting that orders and shipments continued to grow, though at a somewhat slower pace than in June. Delivery times continued to lengthen, and inventory levels were fairly steady.
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- Friday, 30 June 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 03 July – 07 July
Events that marked the week:
Monday's session brought German Business Climate data.German business confidence unexpectedly rose in June to a record high, a survey showed on Monday, in a fresh sign that company executives are more upbeat about the growth outlook of Europe's largest economy. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 115.1 from 114.6 in May. The reading compared with a Reuters consensus forecast for a value of 114.4. Read more...
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