- Saturday, 08 April 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 10 April – 14 April
Events that marked the week:
Monday's session was marked by UK Manufacturing PMI figures. The performance of the UK manufacturing sector remained solid at the end of the first quarter. Although rates of expansion in output and new orders lost further impetus following recent highs, they remained above the respective long-run averages. The domestic market was a key source of new business wins. The boost to export competitiveness from the weak sterling exchange rate also contributed to new work inflows. The UK Markit PMI manufacturing index declined to 54.2 in March from a revised 54.5 in February, which was originally reported at 54.6. The reading for March was below consensus expectations of 54.6 and the lowest reading for four months.
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- Saturday, 08 April 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 10 April – 14 April
Events that marked the week:
From Australia, on Monday, Retail Sales and Building Approvals figures were released. Australian retail turnover fell 0.1 per cent in February 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 0.4 per cent in January 2017. In seasonally adjusted terms, there were falls in clothing, footwear and personal accessory retailing (-2.5 per cent) and household goods retailing (-0.4 per cent). These falls were offset by rises in food retailing (0.3 per cent) and department stores (0.8 per cent). Other retailing, and cafes, restaurants and takeaway food services were relatively unchanged (0.0 per cent).
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- Saturday, 08 April 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday ISM Manufacturing PMI data was released. The March PMI registered 57.2 percent, a decrease of 0.5 percentage point from the February reading of 57.7 percent. The New Orders Index registered 64.5 percent, a decrease of 0.6 percentage point from the February reading of 65.1 percent. The Production Index registered 57.6 percent, 5.3 percentage points lower than the February reading of 62.9 percent. The Employment Index registered 58.9 percent, an increase of 4.7 percentage points from the February reading of 54.2 percent.
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- Saturday, 01 April 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 03 April – 07 April
Events that marked the week:
Wednesday brought Net Lending to Individuals figures. Lending secured on dwellings rose by £3.5 billion in February, similar to the flows in recent months. Approvals of loans secured on dwellings fell slightly in February. This was the first decline since August 2016, but at 125,622 they remain above the recent six-month average. The net flow of consumer credit was £1.4 billion in February. The twelve-month growth rate remained at 10.5%.
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