- Friday, 04 November 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 07 November – 11 November
Events that marked the week:
Tuesday's session brought China's Manufacturing PMI data. The Caixin China General Manufacturing PMI for October climbed to 51.2, up 1.1 compared to the previous month, marking the fastest growth seen in the sector in two years amid apparent signs of an improvement. The index readings for new orders and output for October were both much higher than in September, and those for input and output prices rose even more, indicating a return of inflationary pressure. The economy seems to be stabilizing for the moment, owing primarily to policies implemented to sustain growth. Supportive policies must be continued, or industrial output may be dragged down by a slowdown in investment.
Read more...- Friday, 04 November 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Chicago PMI data was published. The MNI Chicago Business Barometer fell 3.6 points to a five-month low of 50.6 in October from 54.2 in September, suggesting economic activity in the US lost some momentum having picked up in Q3. The latest outturn marked a weak start to Q4, with the three-month trend softening to 52.1 in October from 53.8 in the three months to September. The Barometer decline was led by a slowdown in Production, which fell 5.4 points to 54.4, giving up most of the gain seen last month but remaining above the 2016 average.
Read more...- Friday, 28 October 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 31 October – 04 November
Events that marked the week:
Monday's session was marked by French and German Manufacturing and Services PMI. France’s manufacturing PMI rose more-than-expected last month, preliminary data showed on Monday. In a report, Markit Economics said that French manufacturing PMI rose to a seasonally adjusted 51.3, from 49.7 in the preceding month. Analysts had expected French manufacturing PMI to rise to 50.0 last month. French service sector activity fell more-than-expected last month, official data showed on Monday. In a report, Markit Economics said that French Services PMI fell to a seasonally adjusted 52.1, from 53.3 in the preceding month. Analysts had expected French Services PMI to fall to 53.0 last month.
Read more...- Friday, 28 October 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 31 October – 04 November
Events that marked the week:
On Wednesday BBA Mortgage Approvals figures were published. According to the latest BBA report UK Mortgage Approvals rose by 38,300. Dr Rebecca Harding, BBA Chief Economist, said: “Consumer credit is growing at its fastest rate since December 2006, driven by strong demand for personal loans and credit cards. Consumers are increasingly using short-term borrowing to take advantage of record low interest rates. This trend has accelerated since the Bank of England cut rates in August.“
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