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USD - Major events in the week ahead

Events that marked the week:

Tuesday was marked by Trade Balance data. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.5 billion in January, up $4.2 billion from $44.3 billion in December, revised. January exports were $192.1 billion, $1.1 billion more than December exports. January imports were $240.6 billion, $5.3 billion more than December imports.

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GBP/USD Weekly Forecast – 13 March – 17 March

Events that marked the week:

Wednesday brought UK budget released. Chancellor Philip Hammond has increased National Insurance bills for self-employed people in his first Budget - leading to accusations he has broken a manifesto pledge not to raise taxes. There was also £2bn for social care services in England, and help for firms hit by business rate rises. On the economy he said growth was expected to be higher - and borrowing lower - than forecast in November.

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AUD/USD Weekly Forecast – 13 March – 17 March

Events that marked the week:

Monday's session brought Australian Retail Sales data. Australian retail turnover rose 0.4 per cent in January 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.  This follows a fall of 0.1 per cent in December 2016. In seasonally adjusted terms, there were rises in household goods retailing (1.4 per cent), cafes, restaurants and takeaway food services (1.1 per cent), food retailing (0.2 per cent), and other retailing (0.1 per cent). These rises were offset by falls in clothing, footwear and personal accessory retailing (-0.4 per cent) and department stores (-0.5 per cent).

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EUR/USD Weekly Forecast – 06 February – 10 February

Events that marked the week:

From Eurozone, on Monday, Spanish GDP and German CPI figures were released. The Gross Domestic Product (GDP) generated by the Spanish economy shows a variation of 0.7% in the fourth quarter of 2016 compared to the previous quarter, according to estimation of quarterly GDP. This rate is similar to that recorded in the quarter previous.  The annual variation of GDP in the fourth quarter of 2016 stands at 3.0%, two tenths lower than in the third quarter (3.2%). By the temporary aggregation of the four quarters, the growth in volume of GDP in the year 2016 is estimated at 3.2%.

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