- Monday, 26 December 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 26 December – 30 December
Events that marked the week:
Wednesday's session brought Public Sector Net Borrowing figures from the UK. Public sector net borrowing (excluding public sector banks) decreased by £7.7 billion to £59.5 billion in the current financial year-to-date (April to November 2016), compared with the same period in 2015. Public sector net borrowing (excluding public sector banks) decreased by £0.6 billion to £12.6 billion in November 2016, compared with November 2015.
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- Monday, 26 December 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday PMI data was published. Adjusted for seasonal influences, the Markit Flash U.S. Services PMI Business Activity Index posted 53.4 in December, down slightly from 54.6 in November but above the 50.0 no-change value for the tenth consecutive month. The average reading for the final quarter of 2016 (54.2) pointed to the steepest upturn in service sector output since Q4 2015.
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- Sunday, 18 December 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 19 December – 23 December
Events that marked the week:
Tuesday's session brought German and Eurozone ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany has remained unchanged at a level of 13.8 points (long-term average: 24.0 points) in December 2016. "The ZEW Indicator of Economic Sentiment remains at the same level; however, given the fact that the evaluation of the current situation has once again recorded an improvement, the overall assessment is quite positive. This is supported by the recently published positive GDP growth figures for the euro area in the third quarter. The considerable economic risks arising from the tense situation in the Italian banking sector, as well as the political risks surrounding upcoming elections in Europe, seem to have faded into the background at the moment," comments ZEW President Professor Achim Wambach.
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- Sunday, 18 December 2016
- News
USD - Major events in the week ahead
Events that marked the week:
Wednesday brought Retail Sales, Industrial Production and PPI figures. Sales at U.S. retailers rose less than forecast in November, representing a pause in spending after robust gains in the previous two months. The 0.1 percent advance followed a revised 0.6 percent increase in the prior month that was smaller than initially reported, Commerce Department data showed Wednesday. The median forecast in a Bloomberg survey called for a 0.3 percent gain.
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