- Sunday, 16 April 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 17 April – 21 April
Events that marked the week:
Tuesday's session brought ZEW Economic Sentiment for Germany and Eurozone. The ZEW Indicator of Economic Sentiment for Germany increased substantially by 6.7 points in April 2017. The indicator now stands at 19.5 points, thereby reaching its highest level since August 2015. Though the long-term average as calculated from the beginning of the survey (December 1991) is yet to be beaten, these results are comparable to the expectations prior to the Brexit vote in June 2016.
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- Sunday, 16 April 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 17 April – 21 April
Events that marked the week:
Focus of the Tuesday's session was on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in March 2017, unchanged from February. The rate has been steadily increasing following a period of relatively low inflation in 2015.Rising prices for food, alcohol and tobacco, clothing and footwear, miscellaneous goods and services were the main upward contributors to change in the rate.These were largely offset by a downward contribution from transport, particularly air fares and, to a lesser extent, motor fuels. The Consumer Prices Index (CPI) 12-month rate was also 2.3% in March 2017, unchanged from February.
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- Sunday, 16 April 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 17 April – 21 April
Events that marked the week:
From Australia, on Tuesday, NAB Business Confidence figures were released. Australia's March business conditions improved dramatically, coming in at 14 vs 9 last, while confidence stood at 6 vs 7, with NAB noting that business conditions hit their highest level since the GFC in March. Results from the March NAB Monthly Business Survey point to an overall healthy economy that is gaining momentum, at least in the near-term. Business conditions hit their highest level since the GFC in March, although Cyclone Debbie may be behind the smaller representation of Northern Queensland firms in the March sample, potentially overstating the magnitude of the improvement in conditions.
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- Saturday, 08 April 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 10 April – 14 April
Events that marked the week:
Monday's session brought Spanish Manufacturing PMI figures. Although the Spanish manufacturing sector remained comfortably inside growth territory at the end of the first quarter of the year, there were further signs of a slowdown as output, new orders and employment all rose at weaker rates. There was a pick-up in inflationary pressures, however, with input costs increasing to the greatest extent since April 2011. The PMI dropped for the second month running in March, posting 53.9 from 54.8 in February. Although still signalling a solid monthly improvement in the health of the sector, the latest strengthening of business conditions was the weakest since last October.
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