- Friday, 30 June 2017
- Daily Fundamental Analysis
GBP/USD Weekly Forecast – 03 July – 07 July
Events that marked the week:
Focus of Tuesday's session was on BoE's Financial Stability Report. The Bank of England is preparing itself for the worst when it comes to Brexit. Mark Carney said on Tuesday that the central bank is putting contingencies in place for the possibility that Britain drops out of the European Union without any deal in just under two years time. Speaking after the bank released its twice-annual Financial Stability Report, Carney told reporters that the bank is - sensibly enough - making plans for all possible Brexit scenarios "however unlikely" to ensure it is as prepared as it can be for the country's departure from the EU, and the impact it may have on financial stability.
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- Friday, 30 June 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 03 July – 07 July
Events that marked the week:
There were no major data releases from Australia during the week. The AUD bulls gathered pace and extended the rebound well beyond 0.76 handle. The latest move higher can be purely attributed to the renewed hopes of RBA tightening sooner (than later), especially after former RBA board member Edwards noted: “It seems to me that something like eight quarter percentage point tightenings over 2018 and 2019 are distinctly possible.” Read more...
- Friday, 30 June 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Durable Goods Orders figures were published. Orders for non-military capital goods excluding aircraft fell 0.2% (est. 0.4% gain) after 0.2% increase in prior month. Shipments of those goods, which are used to calculate gross domestic product, fell 0.2% after 0.1% gain. Bookings for all durable goods fell 1.1% (est. 0.6% drop) following 0.9% decline; excluding transportation-equipment demand, which is volatile, orders rose 0.1% (est. 0.4% gain).
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- Saturday, 24 June 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 26 June – 30 June
Events that marked the week:
Friday's session brought French and German Manufacturing and Services PMI data. French service sector activity fell more-than-expected last month, official data showed on Friday. In a report, Markit Economics said that French Services PMI fell to a seasonally adjusted 55.3, from 57.2 in the preceding month. Analysts had expected French Services PMI to fall to 57.0 last month. On the other hand France’s manufacturing PMI rose more-than-expected last month. In a report, Markit Economics said that French manufacturing PMI rose to a seasonally adjusted 55.0, from 53.8 in the preceding month. Analysts had expected French manufacturing PMI to rise to 54.0 last month.
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