- Friday, 21 April 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 24 April – 28 April
Events that marked the week:
There were no data releases from UK on Tuesday, however, session was marked by Theresa May announcement of Snap U.K. elections. U.K. Prime Minister Theresa May called for an early election on June 8, in a stunning gamble aimed at strengthening her hand going into talks on leaving the European Union. Coming just weeks after she triggered the formal start of Brexit, May’s move reversed her public position of just a week ago, when her office insisted an early election wasn’t on the cards. She told ITV in an interview that she made her decision during a walking holiday with her husband in Wales before Easter.
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- Friday, 21 April 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 24 April – 28 April
Events that marked the week:
There were no data releases from Australia on Monday, but from China GDP and Industrial Production figures were released. The Chinese economy expanded at a faster pace in the first quarter, as government spending continued to fuel the expansion that many had feared would begin to slow in the new year. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.9% in the first quarter, up slightly from 6.8% in the previous three quarters and well within the government’s target range of 6.5% to 7%. Analysts in a median forecast called for quarterly growth of 6.8%. Compared to the fourth quarter, GDP expanded 1.3%, official data showed.
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- Friday, 21 April 2017
- News
USD - Major events in the week ahead
Events that marked the week:
Monday brought Empire State Manufacturing Index figures. Business activity grew at a more subdued pace in New York State, according to firms responding to the April 2017 Empire State Manufacturing Survey. The headline general business conditions index fell eleven points to 5.2. The new orders index, which had climbed to a multiyear high in March, retreated sharply to 7.0, suggesting more modest growth.
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- Sunday, 16 April 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Thursday PPI, Unemployment Claims and Consumer Sentiment data was published. The Producer Price Index for final demand declined 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in February and 0.6 percent in January. On an unadjusted basis, the final demand index rose 2.3 percent for the 12 months ended March 2017, the largest increase since moving up 2.4 percent for the 12 months ended March 2012.
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