- Saturday, 03 September 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 05 September – 09 September
Events that marked the week:
From Australia, on Tuesday, Building Approvals data was published. The trend estimate for total dwellings approved rose 0.2% in July and has risen for eight months. The seasonally adjusted estimate for total dwellings approved rose 11.3% in July after falling for two months. The trend estimate for private sector houses approved fell 0.5% in July and has fallen for five months. The seasonally adjusted estimate for private sector houses fell 0.5% in July and has fallen for two months. The trend estimate for private sector dwellings excluding houses rose 0.9% in July and has risen for eight months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 23.0% in July after falling for two months.
Read more...- Friday, 02 September 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index, which had decreased slightly in July, increased in August. The Index now stands at 101.1 (1985=100), compared to 96.7 in July. The Present Situation Index rose from 118.8 to 123.0, while the Expectations Index improved from 82.0 last month to 86.4.
Read more...- Friday, 26 August 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 29 August – 02 September
Events that marked the week:
From Eurozone, on Tuesday, French and German Services and Manufacturing PMI data was released. France’s manufacturing PMI fell unexpectedly last month, preliminary data showed on Tuesday. In a report, Markit Economics said that French manufacturing PMI fell to a seasonally adjusted 48.5, from 48.6 in the preceding month. Analysts had expected French manufacturing PMI to rise to 48.8 last month. French service sector activity rose unexpectedly last month, official data showed on Tuesday. In a report, Markit Economics said that French Services PMI rose to a seasonally adjusted 52.0, from 50.5 in the preceding month. Analysts had expected French Services PMI to remain unchanged at 50.5 last month.
Read more...- Friday, 26 August 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 29 August – 02 September
Events that marked the week:
On Tuesday, from the UK, only CBI Industrial Production data was published. CBI Industrial Production survey showed that 19% of businesses reported total orders to be above normal (compared with 18% in July), and 24% said orders were below normal, giving a balance of -5%. “It’s good to see manufacturing output growth coming in stronger than expected, and some signs that the fall in sterling is helping to bolster export orders. But the pound’s weakness is a double-edged sword, as it benefits exporters but also pushes up costs and prices.
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