- Friday, 26 August 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 29 August – 02 September
Events that marked the week:
From Australia, on Wednesday, Constrution Work Done data was released. The value of Australian construction work done fell unexpectedly in the last quarter, official data showed on Wednesday. In a report, Australian Bureau of Statistics said that Australian construction work done fell to a seasonally adjusted -3.7%, from -2.6% in the preceding quarter. Analysts had expected Australian construction work done to rise to -1.9% in the last quarter.
Read more...- Friday, 26 August 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday New Home Sales figures were released. U.S. new-home sales surged to the highest in nearly eight years in July as builders picked up the pace while buyer demand remained robust. Sales of newly constructed homes rose 12.4% to a seasonally adjusted annual rate of 654,000, the Commerce Department said Tuesday. That was 31.3% higher than a year ago, and easily beat forecasts of a 581,000 pace from economists surveyed by MarketWatch. June’s figure was revised downward slightly, to 582,000.
Read more...- Sunday, 21 August 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 22 August – 26 August
Events that marked the week:
Tuesday brought ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany increased in August 2016. The index gained 7.3 points compared to the previous month, now standing at 0.5 points. "The ZEW Indicator of Economic Sentiment has partly recovered from the Brexit shock. Political risks within and outside the European Union, however, continue to inhibit a more optimistic economic outlook for Germany. Furthermore, uncertainty about the resilience of the EU banking sector persists," comments ZEW-President Professor Achim Wambach.
Read more...- Sunday, 21 August 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 22 August – 26 August
Events that marked the week:
Tuesday was marked by UK CPI and PPI figures. The Consumer Prices Index (CPI) rose by 0.6% in the year to July 2016, compared with a 0.5% rise in the year to June. Although the small increase in the rate between June 2016 and July 2016 takes it to the highest seen since November 2014, it is still relatively low in the historic context. The main contributors to the increase in the rate were rising prices for motor fuels, alcoholic beverages and accommodation services, and a smaller fall in food prices than a year ago. These upward pressures were partially offset by falls in social housing rent, and falling prices for certain games and toys.
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