- Friday, 18 November 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 21 November – 25 November
Events that marked the week:
Tuesday's session was marked by UK CPI and PPI data. The Consumer Prices Index (CPI) rose by 0.9% in the year to October 2016, compared with a 1.0% rise in the year to September. Although the rate was slightly lower than in September 2016, it remained higher than the rates otherwise seen since late 2014. The main downward contributors to the change in the rate were prices for clothing and university tuition fees, which rose by less than they did a year ago, along with falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages. These downward pressures were offset by rising prices for motor fuels, and by prices for furniture and furnishings, which fell by less than they did a year ago.
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- Friday, 18 November 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 21 November – 25 November
Events that marked the week:
There were no data releases from Australia on Monday, but from China Industrial Production figures were released. Broad measures of Chinese economic activity expanded less than forecast in October, raised red flags about the sustainability of the recovery. Industrial production, a broad indicator of factory output, rose at an annualized 6.1% in October from a year earlier, the National Bureau of Statistics reported Monday in Beijing. Industrial production rose by a similar amount the previous month.
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- Saturday, 12 November 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Thursday Unemployment Claims figures were released. In the week ending November 5, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 11,000 from the previous week's unrevised level of 265,000. The 4-week moving average was 259,750, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 257,750 to 258,000. There were no special factors impacting this week's initial claims. This marks 88 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
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- Saturday, 12 November 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 14 November – 18 November
Events that marked the week:
From Eurozone on Monday, German Factory Orders and Eurozone Retail Sales figures were published. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in September 2016 a seasonally and working-day adjusted 0.6% on August 2016. For August 2016, revision of the preliminary outcome resulted in an increase of 0.9% compared with July 2016 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in September 2016 a seasonally and working-day adjusted 1.0% on August 2016.
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