- Friday, 09 September 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 12 September – 16 September
Events that marked the week:
From Australia, on Tuesday, Current Account figures were published. The current account deficit, seasonally adjusted, increased $636m (4%) to $15,535m in the June quarter 2016. The deficit on the balance on goods and services decreased $652m (8%) to $7,996m. The net primary income deficit increased $1,351m (23%) to $7,160m. In seasonally adjusted chain volume terms, the surplus on goods and services decreased $999m (8%) from $11,796m in the March quarter 2016 to $10,797m in the June quarter 2016. This is expected to detract 0.2 percentage points from growth in the June quarter 2016 volume measure of GDP.
Read more...- Friday, 09 September 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Non-Manufacturing PMI figures were released. America’s service industries expanded in August at the weakest pace in six years, joining manufacturers in an abrupt slowdown that may signal waning optimism about the economy. The Institute for Supply Management’s non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July, the Tempe, Arizona-based group’s report showed Tuesday. While a reading above 50 indicates the industries that make up almost 90 percent of the economy are expanding, the figure is lower than the most pessimistic projection in a Bloomberg survey.
Read more...- Saturday, 03 September 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 05 September – 09 September
Events that marked the week:
Tuesday's session brought Spanish and German CPI data. The leading indicator of the CPI annual variation stood at -0.1 % in August, five tenths higher than that recorded in July The annual rate of HICP flash is -0.3 %. The estimated CPI in August 2016 annual inflation is -0.1 % , according to the leading indicator compiled by the INE. This indicator provides a preview of CPI , if confirmed , would be a increase of five tenths in the annual rate , since in July this change was -0.6 %. This increase is explained mainly because prices of fuels ( diesel and gasoline) down less than last year.
Read more...- Saturday, 03 September 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 05 September – 09 September
Events that marked the week:
From the UK, on Tuesday, Net Lending to Individuals data was released. Total lending to individuals increased by £3.8 billion in July, compared to the average of £5.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.7% and 4.1% respectively. Lending secured on dwellings increased by £2.7 billion in July, compared to the average of £3.5 billion over the previous six months. The three-month annualised and twelve-month growth rates were 2.7% and 3.3%. Gross lending secured on dwellings was £19.6 billion and repayments were £17.4 billion.
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