- Saturday, 03 March 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 5 March - 9 March
Events that marked the week:
Thurday's session was marked by UK Manufacturing PMI figures. The upturn in the UK manufacturing sector slowed further during February. At 55.2, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) fell to an eight month low and lost further ground after hitting a 51-month high last November. Manufacturing production increased at the slowest pace for 11 months in February, with decelerations seen across the consumer, intermediate and investment goods sectors.
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- Saturday, 03 March 2018
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 5 March - 9 March
Events that marked the week:
There were no data releases from Australia initially in the week, but from China PMI figures were released. China reported that its official manufacturing Purchasing Managers' Index hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, lower than a Reuters' poll of 51.2, China's National Bureau of Statistics reported. The official manufacturing PMI reading was 51.3 in January. Chinese statistics bureau official Zhao Qinghe said in a report that manufacturing in February was hit by slowing production and demand as Lunar New Year fell in mid-February this year. Official services PMI meanwhile fell to 54.4 in February from 55.3 in January.
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- Sunday, 25 February 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 26 February - 2 March
Events that marked the week:
On Monday, from Eurozone, Current Account figures were released. The current account of the euro area recorded a surplus of €29.9 billion in December 2017. This reflected surpluses for goods (€30.9 billion), services (€7.3 billion) and primary income (€3.7 billion), which were partly offset by a deficit for secondary income (€12.0 billion). According to the preliminary results for 2017 as a whole, the current account recorded a surplus of €391.4 billion (3.5% of euro area GDP), compared with one of €367.6 billion (3.4% of euro area GDP) in 2016.
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- Sunday, 25 February 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 26 February - 2 March
Events that marked the week:
Wednesday's session brought UK job figures. The number of people out of work in Britain rose at the fastest rate in almost five years, official figures showed on Wednesday, fuelled by an increase in unemployment among young people under the age of 24. After an almost two-year period of continuous declines in unemployment to the lowest levels since the mid 1970s, the number of people out of work rose by 46,000 to 1.47 million in the three months to December, according to the Office for National Statistics. The jobless rate rose to 4.4% against City forecasts for the level to remain unchanged at 4.3%. Read more...
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