- Sunday, 25 February 2018
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 26 February - 2 March
Events that marked the week:
From Australia, on Tuesday, RBA Meeting Minutes were released. Early morning session brought RBA Meeting Minutes. Over 2017, progress had been made in reducing the unemployment rate and bringing inflation closer to target. The low level of interest rates was continuing to play a role in achieving this outcome. Further progress on these goals was expected over the period ahead but the increase in inflation was likely to occur only gradually as the economy strengthened; the Bank's central forecast for the Australian economy was for GDP growth to pick up to average a little above 3 per cent over the next two years and for CPI inflation to be a little above 2 per cent in 2018.
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- Sunday, 25 February 2018
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday Exisiting Home Sales figures were released. Total existing-home sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, sank 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million from a downwardly revised 5.56 million in December 2017. After last month’s decline, sales are 4.8 percent below a year ago (largest annual decline since August 2014 at 5.5 percent) and at their slowest pace since last September (5.37 million). Read more...
- Friday, 16 February 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 19 February - 23 February
Events that marked the week:
Wednesday's session brought Eurozone GDP data. Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2017, GDP grew by 0.7% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7% in the euro area and by 2.6% in the EU28 in the fourth quarter of 2017, after +2.8% in both zones in the previous quarter.
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- Friday, 16 February 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 19 February - 23 February
Events that marked the week:
Focus of the Tuesday's session was on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017. The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago. The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago. The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.
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