- Saturday, 27 May 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 29 May – 02 June
Events that marked the week:
Tuesday's session brought UK Public Sector Net Borrowing figures.Britain's budget deficit widened by more than expected at the start of the new financial year as value-added tax revenues flat-lined, reflecting the strain on consumers from rising inflation after the Brexit vote. The deficit in April stood at 10.4 billion pounds in April, up 13.1 percent compared with the same month last year, the Office for National Statistics said, citing figures that exclude state-controlled banks.
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- Saturday, 27 May 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 29 May – 02 June
Events that marked the week:
From Australia, on Wednesday, Construction Work Done data was published. The trend estimate for total construction work done fell 0.6% in the March quarter 2017. The seasonally adjusted estimate for total construction work done fell 0.7% to $46,416.9m in the March quarter. The trend estimate for total building work done fell 1.1% in the March quarter. The trend estimate for non-residential building work was flat and residential building work fell 1.7%.
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- Saturday, 27 May 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday New Home Sales data was published. Sales of newly constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New-home sales ran at a seasonally adjusted annual rate of 569,000, the Commerce Department said Tuesday. That was well below the MarketWatch consensus forecast of a 610,000 annual rate, but was offset by sharp upward revisions to data from prior months.
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- Friday, 19 May 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 22 May – 26 May
Events that marked the week:
There were no data releases from Eurozone on Monday, but the focus was on Sunday's French presidential inauguration. First-time politician Emmanuel Macron was inaugurated Sunday as France’s president, facing the difficult task of transforming electoral success into political strength in a society beset by unemployment and divided by anger. The solemn ceremony in the gilded halls of the Elysee Palace capped Macron’s rise from political obscurity just a year ago, when he was the economy minister starting a long-shot centrist bid against the parties that had run the nation for decades. Now the 39-year-old is France’s youngest leader since Napoleon.
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