- Saturday, 12 November 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 14 November – 18 November
Events that marked the week:
Focus of Tuesday's session was UK Industrial Production data. Quarterly estimate for production output decreased by 0.5% in Quarter 3 (July to Sept) 2016. The largest downward pressure came from manufacturing, which fell by 0.9%, partially offset by a rise in mining and quarrying of 4.3%. The monthly picture shows a decrease of 0.4% compared with August 2016. Mining and quarrying was the main sector to show a fall of 3.8%, partially offset by an increase in manufacturing of 0.6%. Users should note that we always warn against overly interpreting 1 month's figures.
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- Saturday, 12 November 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 14 November – 18 November
Events that marked the week:
From China, on Tuesday, Trade Balance data was released. China’s trade surplus expanded in October, data from the General Administration of Customs reported Tuesday. China’s trade surplus rose to 325 billion yuan in October, from 278.4 billion the previous month. Economists forecast the surplus to widen to 300 billion yuan. In US-denominated terms, Beijing’s surplus widened to $49.06 billion from $42 billion in September.
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- Friday, 04 November 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 07 November – 11 November
Events that marked the week:
Monday brought German Retail Sales, Eurozone CPI and GDP figures. Compared with the previous year, turnover in retail trade was in the first nine months 2016 in real terms 2.1% and in nominal terms 2.2% larger than in in the corresponding period of the previous year. When adjusted for calendar and seasonal variations (Census-X-12-ARIMA), the September turnover was in real terms 1.4% and in nominal terms 1.1% smaller than that in August 2016.
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- Friday, 04 November 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 07 November – 11 November
Events that marked the week:
From the UK, on Tuesday, Manufacturing PMI data was released. Manufacturing activity in the U.K. slowed slightly in October, but maintained a solid rate of expansion at the start of the fourth quarter, according to survey data released on Tuesday. The Markit U.K. manufacturing purchasing managers’ index came in at 54.3 in October down slightly from 55.4 in September. Economists had expected a reading of 54.5. Despite factory activity slowing from September’s highs, growth of output and new orders continued to defy expectations, rising at marked rates and supporting the fastest job creation in a year.
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