- Saturday, 24 June 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 26 June – 30 June
Events that marked the week:
Focus of the Tuesday's session was on BoE governor Carney's speech on Brexit. Mark Carney ended more than a month of silence with a major speech that pushed back against rate hawks in the Bank of England and re-emphasized his concerns about the impact of Brexit on the economy. The U.K.’s exit from the European Union was a central theme of his address on Tuesday, with the BOE governor highlighting the risks to consumer spending, business investment, the current-account deficit and financial services. He indicated he’s in no rush to raise interest rates, saying he wants to see how the economy responds to the “reality of Brexit negotiations.”
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- Saturday, 24 June 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 26 June – 30 June
Events that marked the week:
On Wednesday MI Leading Index figures were released from Australia. The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, eased from 1.01% in April to 0.62% in May. Westpac’s Senior Economist, Matthew Hassan, commented, “The index is pointing to a clear slowing in momentum. Read more...
- Saturday, 24 June 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Current Account figures were released. The U.S. current-account deficit increased to $116.8 billion (preliminary) in the first quarter of 2017 from $114.0 billion (revised) in the fourth quarter of 2016, according to statisticsreleased by the Bureau of Economic Analysis (BEA). The deficit increased to 2.5 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the fourth quarter.
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- Sunday, 04 June 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 05 June – 09 June
Events that marked the week:
From Eurozone, on Monday, M3 Money Supply figures were released. The annual growth rate of the broad monetary aggregate M3 decreased to 4.9% in April 2017, from 5.3% in March, averaging 5.0% in the three months up to April. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), stood at 9.2% in April, compared with 9.1% in March. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -2.8% in April, from -2.5% in March. The annual growth rate of marketable instruments (M3-M2) decreased to 1.5% in April, from 9.0% in March.
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