- Friday, 12 May 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 15 May – 19 May
Events that marked the week:
Thursday's session brought UK Industrial Production data. The Index of Production for Quarter 1 (Jan to Mar) 2017 was estimated to have increased by 0.1%. Increases of 0.3% in manufacturing and 1.8% in mining and quarrying were offset by a fall of 4.3% in energy supply. In March 2017, total production decreased by 0.5% compared with February 2017, due to falls of 4.2% in energy supply and 0.6% in manufacturing.
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- Friday, 12 May 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 15 May – 19 May
Events that marked the week:
From Australia, on Monday, Building Approvals and NAB Business Confidence figures were published. The trend estimate for total dwellings approved rose 0.8% in March after falling for nine months. The seasonally adjusted estimate for total dwellings approved fell 13.4% in March after rising for two months. The trend estimate for private sector houses approved fell 0.6% in March and has fallen for 12 months. The seasonally adjusted estimate for private sector houses fell 4.3% in March following a rise of 5.0% in the previous month.
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- Friday, 12 May 2017
- News
USD - Major events in the week ahead
Events that marked the week:
Thursday was marked by PPI and Unemployment Claims figures. The Producer Price Index for final demand advanced 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices edged down 0.1 percent in March and climbed 0.3 percent in February. On an unadjusted basis, the final demand index rose 2.5 percent for the 12 months ended April 2017, the largest increase since moving up 2.8 percent for the 12 months ended February 2012.
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- Friday, 05 May 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 08 May – 12 May
Events that marked the week:
On Tuesday, from Eurozone, only Spanish Manufacturing PMI figures. The Spanish manufacturing sector experienced a pick-up in growth momentum during April, with faster rises in output, new orders and employment recorded. There were signs of raw material shortages impacting the sector, leading to longer suppliers’ delivery times, higher backlogs of work and a drop in stocks of purchases. The rate of input cost inflation eased markedly, but output prices rose at a broadly similar pace to March. At 54.5 in April, up from 53.9 in March, the PMI signalled a solid monthly improvement in the health of the manufacturing sector. Business conditions have now strengthened in 41 consecutive months.
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