- Sunday, 01 January 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 02 January – 06 Janaury
Events that marked the week:
There were no major data releases from Eurozone last week, with traders paying attention to development sin Italy. The price of the government bailout of Monte dei Paschi, Italy's oldest bank, went up from €5 billion to €6.5 billion euros ($6.8 billion) this week. That happened after the European Central Bank discovered that MPS's capital shortfall was €8.8 billion, and not the expected €5 billion euros. There has been a "rapid deterioration" in MPS's outlook, according to the Financial Times.
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- Sunday, 01 January 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 02 January – 06 Janaury
Events that marked the week:
Nearly two-thirds of British businesses are "optimistic" about their future in the wake of the Brexit vote, a major survey has disclosed on Tuesday. A poll of 34,000 companies by the Institute of Directors found that 60 per cent of businesses are "optimistic" or "very optimistic" about the year ahead. The businesses, predominantly small or medium-sized, conceded there is "uncertainty" of the vote to leave the European Union. However, their positivity is in marked contrast to comments by the bosses of Britain's biggest companies, some of whom have criticised Brexit and even threatened to relocate out of the U.K.
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- Sunday, 01 January 2017
- News
USD - Major events in the week ahead
Events that marked the week:
Tuesday was marked by CB Consumer Confidence figures. Consumer optimism about the economy increased to the highest level since August 2001, according to a monthly survey released Tuesday. The Consumer Confidence Index hit 113.7 in December, The Conference Board said on Tuesday. Economists polled by Reuters expected the Consumer Confidence Index to hit 109 for the month.The survey, a closely followed barometer of consumer attitudes, measures confidence toward business conditions, short-term outlook, personal finances and jobs.
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- Monday, 26 December 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 26 December – 30 December
Events that marked the week:
From Eurozone, on Monday, German Business Confidence figures were released. German business morale rose in December, a survey showed on Monday, hitting its highest level since February 2014 and supporting expectations that Europe's largest economy will rebound in the fourth quarter. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 111.0 after from 110.4 in November. Read more...
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