- Friday, 28 October 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 31 October – 04 November
Events that marked the week:
Wednesday was marked by Australian CPI figures. Consumer prices rose 0.7 per cent in the September quarter, with fruit, vegetables, electricity and tobacco the main reasons for increased inflation. The quarterly price rise still left annual headline inflation at an anaemic 1.3 per cent, according to the Bureau of Statistics. The average of the Reserve Bank's two preferred measures, which exclude the most volatile price moves, was 1.5 per cent, still well below its 2-3 per cent inflation target.
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- Friday, 28 October 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday, US Manufacturing PMI figures were released. Activity in the US manufacturing sector registered a surprise increase in September, according to preliminary data released on Monday. In a report, market research group Markit said that its flash manufacturing purchasing managers’ index (PMI) rose to 53.2 in October from the prior month’s final reading of 51.5. Analysts had expected no change to September’s reading. Markit noted that the data showed the strongest upturn in business conditions for 12 months and that both output and new order growth hit one-year peaks.
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- Sunday, 16 October 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 17 October – 21 October
Events that marked the week:
Tuesday's session brought ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany increased in October 2016. The index gained 5.7 points compared to the previous month, now standing at a level of 6.2 points (long-term average: 24.1 points). "The improved economic sentiment is a sign of a relatively robust economic activity in Germany. However, positive impulses from industry and exports should not distract from existing political and economic risks. In particular, the risks concerning the German banking sector are currently a burden to the economic outlook," comments ZEW President Professor Achim Wambach.
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- Sunday, 16 October 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 17 October – 21 October
Events that marked the week:
There were no major data releases from the UK last week. Brexit means Brexit, Theresa May says, but a London court this week will decide whether it’s up to her to decide when the U.K. leaves the European Union. The prime minister’s most senior legal adviser, Attorney General Jeremy Wright, will attempt to convince a judge that May can trigger Article 50 of the Lisbon Treaty, which starts an exit, without approval from her fellow lawmakers. Failure would force the issue into the House of Commons and the House of Lords, both of which were largely pro-EU. The lawsuit, which has hearings scheduled for Oct. 13 and 17, could delay the exit for a year, or lead to its derailment altogether. Read more...
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