- Saturday, 01 April 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 03 April – 07 April
Events that marked the week:
Thursday brought HIA New Home Sales figures. Australian new home sales edged up slightly in February, although the underlying trend continued to show a gradual down cycle in the market. The Housing Industry Association (HIA) reported that its monthly survey of large-volume builders showed new home sales nudged up 0.2% in February, following a drop of 2.2% the previous month.
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- Saturday, 01 April 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 03 April – 07 April
Events that marked the week:
Monday brought German Business Climate figures. German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues. The surprisingly strong business climate index, published on Monday by the Ifo economic institute, added to signs that the German economy is firing on all cylinders at the start of 2017, helped by rising global demand for cars and machinery. Ifo said its business climate index, based on a monthly survey of some 7,000 firms, rose to 112.3 from an upwardly revised reading of 111.1 in February.
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- Saturday, 01 April 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday, CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index, which had increased in February, improved sharply in March. The Index now stands at 125.6 (1985=100), up from 116.1 in February. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 last month to 113.8. "Consumer confidence increased sharply in March to its highest level since December 2000 (Index, 128.6)," said Lynn Franco, Director of Economic Indicators at The Conference Board."
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- Saturday, 25 March 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday, Current Account figures were released. The U.S. current-account deficit decreased to $112.4 billion (preliminary) in the fourth quarter of 2016 from $116.0 billion (revised) in the third quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.5 percent in the third quarter.
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