- Sunday, 04 December 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 05 December – 09 December
Events that marked the week:
Wednesday's session brought Building Approvals figures from Australia. Approvals for apartments suffered the most severe hit, falling 24.8 per cent in October in seasonally adjusted terms to be down almost 43 per cent over the year. Total approvals fell 12.6 per cent, the third successive monthly decline, well down on the market forecast for a 2 per cent increase. The September result was also revised down to a 9.3 per cent fall from the originally reported 8.7 per cent decline.
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- Sunday, 04 December 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday GDP and Consumer Confidence figures were released. Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.9 percent. With the second estimate for the third quarter, the general picture of economic growth remains the same; the increase in personal consumption expenditures was larger than previously estimated.
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- Friday, 18 November 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Retail Sales and Empire State Manufacturing Index figures were released. Sales at U.S. retailers rose more than forecast last month in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy. A 0.8 percent rise in October followed an upwardly revised 1 percent jump in the prior month, marking the biggest back-to-back increase since March-April 2014, the Commerce Department reported Tuesday. The median forecast in a Bloomberg survey called for a 0.6 percent gain. Over the last 12 months, retail sales were up the most in almost two years. Healthy hiring, wage growth and limited inflation are giving Americans the wherewithal to spend at stores, malls and online merchants.
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- Friday, 18 November 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 21 November – 25 November
Events that marked the week:
From Eurozone, on Monday, Industrial Production figures were released. In September 2016 compared with August 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2016 industrial production rose by 1.8% in the euro area and by 1.6% in the EU28. In September 2016 compared with September 2015, industrial production increased by 1.2% in both zones.
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