- Sunday, 18 December 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 19 December – 23 December
Events that marked the week:
From the UK, on Tuesday, CPI and PPI figures were published. The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October. The rate in November was the highest since October 2014, when it was 1.3%. Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate. These upward pressures were partially offset by falls in air and sea fares.
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- Sunday, 18 December 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 19 December – 23 December
Events that marked the week:
From Australia,on Tuesday, house prices figures were released. Residential property prices rose 3.5 per cent through the year, the weakest growth since March quarter 2013 and a decline from the peak of 10.7 per cent a year ago, according to figures released today by the Australian Bureau of Statistics (ABS). In the September quarter, residential property prices continued to fall in Perth and Darwin, while prices rose in all other capital cities.
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- Saturday, 10 December 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday ISM Non-Manufacturing PMI figures were released. America’s service industries expanded in November at the fastest clip since October of last year, putting the economy’s biggest sector on a robust growth path. The Institute for Supply Management’s non-manufacturing index jumped to 57.2, exceeding all forecasts in a Bloomberg survey, from 54.8 in October, the Tempe, Arizona-based group’s data showed Monday. Readings above 50 signal growth. The median forecast called for 55.5.
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- Saturday, 10 December 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 12 December – 16 December
Events that marked the week:
Main market mover on Monday were the results of Italian Constitutional Reform referendum. Italians have rejected Prime Minister Matteo Renzi's make-or-break constitutional reform, and the 41-year-old leader is on his way out.The prospect of political instability in the eurozone's third-largest economy whacked the euro and threatens to deal a serious blow to shares of struggling Italian banks such as Banca Monte dei Paschi di Siena SpA, which is scrambling to draw a line under a pile of bad loans and raise capital from private investors at the same time.
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