- Sunday, 04 June 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 05 June – 09 June
Events that marked the week:
Thursday's session was marked by UK Manufacturing PMI data. The UK manufacturing sector remained resilient in May, sustaining most of the growth momentum gained during the prior survey month. At 56.7, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI® ) was only slightly below April’s three-year high of 57.3 and signalled an improvement in operating conditions for the tenth successive month. Manufacturing production and new orders both expanded at above survey average rates.
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- Sunday, 04 June 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 05 June – 09 June
Events that marked the week:
From Australia, on Tuesday, Building Approvals figures were published. The trend estimate for total dwellings approved rose 0.1% in April and has risen for three months. The seasonally adjusted estimate for total dwellings approved rose 4.4% in April following a fall of 10.3% in the previous month. The trend estimate for private sector houses approved fell 0.2% in April and has fallen for 13 months. The seasonally adjusted estimate for private sector houses rose 0.5% in April following a fall of 2.7% in the previous month.
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- Sunday, 04 June 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday CB Consumer Confidence data was released. The Conference Board Consumer Confidence Index®, which had decreased in April, declined slightly in May. The Index now stands at 117.9 (1985=100), down from 119.4 in April. The Present Situation Index increased marginally from 140.3 to 140.7, while the Expectations Index declined from 105.4 last month to 102.6 in May.“Consumer confidence decreased slightly in May, following a moderate decline in April,” said Lynn Franco, Director of Economic Indicators at The Conference Board.
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- Saturday, 27 May 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 29 May – 02 June
Events that marked the week:
On Tuesday, from Eurozone, French and German PMI figures were released as well as German Business Confidence data. French private sector activity expanded for an eleventh consecutive month in May, boosting the economic outlook of the euro zone’s second largest economy, according to data released on Tuesday. The preliminary reading of the Markit services purchasing managers’ index rose to a six year high of 58.0 this month from 56.7 in April. Economists had forecast a reading of 56.5. The manufacturing PMI eased slightly, ticking down to 55.8, compared to expectations for 55.2 and from 55.1 a month earlier.
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