- Sunday, 21 August 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 22 August – 26 August
Events that marked the week:
Tuesday was marked by RBA Meeting Minutes. Policymakers at the Reserve Bank of Australia were adamant in their decision to lower interest rates this month, maintaining that there was no material change in their forecast for inflation. “The latest CPI data for Australia had confirmed that inflation pressures were subdued, as had been expected when the previous forecasts were discussed in May. As such, the outlook for underlying inflation was little changed.
Read more...- Sunday, 21 August 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Empire State Manufacturing Index figures were released. Business activity in New York State declined slightly this month, according to firms responding to the August 2016 Empire State Manufacturing Survey. The headline general business conditions index fell five points to -4.2. The neworders index remained near zero, a sign that orders were little changed, while the shipments index climbed eight points to 9.0, indicating that shipments rose. Labor market indicators pointed to little change in employment levels and hours worked.
Read more...- Saturday, 13 August 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 15 August – 19 August
Events that marked the week:
Monday's session brought only minor importance German Industrial Production figures. In June 2016, production in industry was up by 0.8% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In May 2016, the corrected figure shows a decrease of 0.9% (primary –1.3%) from April 2016. In June 2016, production in industry excluding energy and construction was up by 1.5%. Within industry, the production of capital goods increased by 3.5% and the production of consumer goods by 1.2%. The production of intermediate goods decreased by 0.7%. Energy production was down by 2.7% in June 2016 and the production in construction decreased by 0.5%.
Read more...- Saturday, 13 August 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 15 August – 19 August
Events that marked the week:
Tuesday's session was marked by UK Industrial Production figures. Total production output is estimated to have increased by 2.1% between Quarter 1 (Jan to Mar) 2016 and Quarter 2 (Apr to Jun) 2016. This increase was unchanged from the forecast contained within the Gross domestic product, preliminary estimate: Apr to June 2016. Hence there is no impact on the previously published GDP estimate for Quarter 2 (Apr to Jun) 2016. The largest contribution to the quarterly increase in total production came from manufacturing, which increased by 1.8%. The largest contribution to the increase in manufacturing came from the manufacture of transport equipment, which increased by 5.6%.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…