- Saturday, 25 March 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 27 March – 31 March
Events that marked the week:
From Eurozone, on Friday, French and German PMI figures were released. French service sector activity rose unexpectedly last month, official data showed on Friday. In a report, Markit Economics said that French Services PMI rose to a seasonally adjusted 58.5, from 56.4 in the preceding month. Analysts had expected French Services PMI to fall to 56.1 last month. France’s manufacturing PMI rose more-than-expected last month, preliminary data showed on Friday. In a report, Markit Economics said that French manufacturing PMI rose to a seasonally adjusted 53.4, from 52.2 in the preceding month. Analysts had expected French manufacturing PMI to rise to 52.4 last month.
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- Saturday, 25 March 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 27 March – 31 March
Events that marked the week:
Focus of the Tuesday's session was on UK CPI figures. UK consumer prices rose 0.7% in February compared with expectations of a 0.5% increase and the year-on-year rate increased to 2.3% from 1.8%. This was above consensus forecasts of an increase to 2.1% and was also the highest reading since September 2013. The annual rate was also above the Bank of England’s 2% target for the first time since late 2013. Core inflation rose to 2.0% from 1.6% previously while the RPI inflation rate increased to 3.2% from 2.6%.
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- Saturday, 25 March 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 27 March – 31 March
Events that marked the week:
On Tuesday, Australian house prices figures were released. The price index for residential properties for the weighted average of the eight capital cities rose 4.1% in the December quarter 2016. The index rose 7.7% through the year to the December quarter 2016. The capital city residential property price indexes rose in Melbourne (+5.3%), Sydney (+5.2%), Brisbane (+2.2%), Adelaide (+1.8%), Canberra (+2.8%), Hobart (+4.5%) and Perth (0.3%), and fell in Darwin (-1.5%).
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- Friday, 10 March 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 13 March – 17 March
Events that marked the week:
On Wednesday, German Industrial Production figures were released. In January 2017,production in industry was up by 2.8% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In December 2016, the corrected figure shows a decrease of 2.4% (primary –3.0%) from November 2016. In January 2017, production in industry excluding energy and construction was up by 3.7%. Within industry, the production of capital goods increased by 6.1% and the production of consumer goods by 2.3%. The production of intermediate goods showed an increase by 1.7%. Energy production was down by 0.7% in January 2017 and the production in construction decreased by 1.3%.
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