- Friday, 07 October 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 10 October – 14 October
Events that marked the week:
On Tuesday, Australian Building Approvals figures were released. The number of dwellings approved, in trend terms, rose 0.6 per cent in August 2016 and has risen for nine months, according to data released by the Australian Bureau of Statistics (ABS) today. In seasonally adjusted terms building approvals fell by 1.8%. Dwelling approvals, in trend terms, increased in New South Wales (1.9 per cent), Victoria (1.2 per cent) and Queensland (0.3 per cent). They decreased in the Northern Territory (14.9 per cent), South Australia (4.3 per cent), Tasmania (4.1 per cent) and Western Australia (1.2 per cent), and were flat in the Australian Capital Territory.
Read more...- Friday, 07 October 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Manufacturing PMI figures were published. The September PMI registered 51.5 percent, an increase of 2.1 percentage points from the August reading of 49.4 percent. The New Orders Index registered 55.1 percent, an increase of 6 percentage points from the August reading of 49.1 percent. The Production Index registered 52.8 percent, 3.2 percentage points higher than the August reading of 49.6 percent.
Read more...- Friday, 09 September 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 12 September – 16 September
Events that marked the week:
Monday's session brought only Spanish and Italian Services PMI figures. Latest PMI data for the Spanish service sector signalled faster rises in both business activity and new orders during August. This in turn led companies to take on extra staff at a solid pace. Meanwhile, rates of inflation of both input costs and output prices quickened from those seen in July. The headline seasonally adjusted Business Activity Index rose to 56.0 in August from 54.1 in the previous month, thereby signalling a markedmonthly expansion of activity and one that wasstronger than recorded in the previous month.Business activity has risen continuously sinceNovember 2013.
Read more...- Friday, 09 September 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 12 September – 16 September
Events that marked the week:
From the UK, on Monday, Services PMI figures were released. The latest data also signalled rising inflationary pressure linked to the weak pound. The Business Activity Index rebounded to 52.9 in August, from 47.4 in July, signalling a rise in UK services output. The month-on-month gain in the index, at 5.5 points, was the largest observed over the 20-year survey history, following a record drop of 4.9 points in July. The rate of expansion in the latest period was the fastest since May, but weaker than the long-run survey average.
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