- Sunday, 05 February 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 06 February – 10 February
Events that marked the week:
Thursday brought Construction PMI data as well as BoE interest rate decision. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index registered 52.2 in January, down from 54.2 in December. As a result, the headline index signalled the weakest rise in overall business activity since the post-referendum recovery began in September 2016. All three sub-sectors (housing, commercial and civil engineering) recorded softer rates of output growth in January. Although housebuilding remained the best performing category, the latest expansion was the weakest for five months.
Read more...
- Sunday, 05 February 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 06 February – 10 February
Events that marked the week:
On Tuesday NAB Business Confidence figures were published. Business conditions saw an impressive rebound this month, largely unwinding the steady downward trend seen since mid-2016. The business conditions index (an average of trading conditions (sales), profitability and employment) jumped 5 points, to +11 index points, which is well above the long-run average for the series (+5). Meanwhile, business confidence has been quite steady over the past year, and December was no different. The confidence index was unchanged at +6 index points, consistent with the long run average.
Read more...
- Sunday, 05 February 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Pending Home Sales data was published. Contracts to buy previously owned U.S. homes rebounded last month as buyers adjusted to the recent jump in mortgage rates, according to figures released Monday from the National Association of Realtors in Washington. Pending home-sales gauge rises 1.6 percent from previous month (forecast was for 1 percent gain) after falling 2.5 percent the prior month. Index dropped 2 percent from December 2015 on an unadjusted basis. Pending sales increased in two of four U.S. regions from November.
Read more...
- Saturday, 21 January 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 23 January – 27 Janaury
Events that marked the week:
Monday brought Eurozone Trade Balance figures. The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2016 was €184.2 billion, an increase of 6% compared with November 2015 (€173.8 bn). Imports from the rest of the world stood at €158.3 bn, a rise of 5% compared with November 2015 (€150.9 bn). As a result, the euro area recorded a €25.9 bn surplus in trade in goods with the rest of the world in November 2016, compared with +€22.9 bn in November 2015. Intra-euro area trade rose to €154.0 bn in November 2016, up by 5% compared with November 2015.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…