- Saturday, 13 August 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 15 August – 19 August
Events that marked the week:
There were no data releases from Australia, on Monday, but from China Trade Balance figures were released. China’s exports remained sluggish last month, signaling tepid global demand, while deteriorating imports raise concern domestic conditions may be weakening anew. Overseas shipments fell 4.4 percent in U.S. dollars, rose 2.9 percent in yuan terms in July from a year earlier. Imports dropped 12.5 percent in dollar terms, slipped 5.7 percent in local currency. Trade surplus widened to $52.3 billion.
Read more...- Saturday, 13 August 2016
- News
USD - Major events in the week ahead
Events that marked the week:
Thursday's session brought Unemployment Claims figures. In the week ending August 6, the advance figure for seasonally adjusted initial claims was 266,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 269,000 to 267,000. The 4-week moving average was 262,750, an increase of 3,000 from the previous week's revised average. The previous week's average was revised down by 500 from 260,250 to 259,750.
Read more...- Sunday, 07 August 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 08 August – 12 August
Events that marked the week:
From Eurozone, on Monday, Spanish Manufacturing PMI figures were released. The Spanish manufacturing sector moved closer to stagnation in July as new orders and purchasing activity decreased and output growth slowed. On a more positive note, firms continued to take on extra staff at a solid pace. On the price front, a modest increase in input costs was recorded, while output prices were raised for the first time in just over a year.The PMI posted 51.0 in July, down from 52.2 in June and thereby pointing to a weaker improvement in the health of the sector. In fact, the latest strengthening of business conditions was the least marked since the end of 2013.
Read more...- Sunday, 07 August 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 08 August – 12 August
Events that marked the week:
Focus of Monday's session was on UK Manufacturing PMI figures. The UK manufacturing sector started the third quarter on a weaker footing. Levels of production and incoming new orders both contracted, as the impact of increased business uncertainty on the domestic market offset an exchange rate supported increase in new export business. At 48.2 in July, down from 52.4 in June, the seasonally adjusted Markit/CIPS Purchasing Managers’ Index fell to its lowest level since February 2013. The reading was also below the earlier flash estimate of 49.1.
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