- Sunday, 11 March 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 12 March - 16 March
Events that marked the week:
Monday's session brought UK Services PMI figures. UK service providers experienced a modest rebound in business activity growth during since May 2017. The seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index registered 54.5 in February, up from 53.0 in January, to signal the strongest rate of service sector output growth for four months. Higher levels of business activity were attributed to the resilient economic backdrop and an associated upturn in new work.
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- Sunday, 11 March 2018
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 12 March - 16 March
Events that marked the week:
From Australia, on Monday, Building Approvals figures were released. The trend estimate for total dwellings approved rose 0.1% in January after falling for three months. The seasonally adjusted estimate for total dwellings approved rose 17.1% in January. The trend estimate for private sector houses approved fell 0.1% in January and has fallen for four months. The seasonally adjusted estimate for private sector houses fell 1.1% in January. The trend estimate for private sector dwellings excluding houses rose 0.4% in January after falling for two months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 42.2% in January. Read more...
- Saturday, 03 March 2018
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday New Home Sales figures were published. Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent below the revised December rate of 643,000 and is 1.0 percent) below the January 2017 estimate of 599,000. The median sales price of new houses sold in January 2018 was $323,000. The average sales price was $382,700. The seasonally-adjusted estimate of new houses for sale at the end of January was 301,000. This represents a supply of 6.1 months at the current sales rate.
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- Saturday, 03 March 2018
- Weekly Fundamental Analysis
ER/USD Weekly Forecast - 5 March - 9 March
Events that marked the week:
From Eurozone, on Tuesday German CPI and Spanish CPI data was released. The inflation rate in Germany as measured by the consumer price index is expected to be 1.4% in February 2018. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.5% on January 2018. In February 2018, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.2% year on year and 0.5% on January 2018.
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