- Sunday, 07 August 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 08 August – 12 August
Events that marked the week:
From China, on Monday, China's Manufacturing PMI figures were released. Caixin released their manufacturing PMI data which smashed expectations, surging to 50.6 - its highest since February 2015. Following the notable USD weakness on Friday (thanks to BoJ disappointment), and the apparent recovery of the Chinese economy (just need another trillion or two of credit to keep the dream alive), PBOC strengthened the Yuan fix by 0.35% - the most since mid-June... extending the 9-day gain to the most since September 2010.
Read more...- Sunday, 07 August 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday ISM Manufacturing PMI data was published. The July PMI registered 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent. The New Orders Index registered 56.9 percent, a decrease of 0.1 percentage point from the June reading of 57 percent. The Production Index registered 55.4 percent, 0.7 percentage point higher than the June reading of 54.7 percent. The Employment Index registered 49.4 percent, a decrease of 1 percentage point from the June reading of 50.4 percent.
Read more...- Sunday, 31 July 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday CB Consumer Confidence and New Home Sales figures were released. he Conference Board Consumer Confidence Index, which had increased in June, was relatively unchanged in July. The Index now stands at 97.3, compared to 97.4 in June. The Present Situation Index increased from 116.6 to 118.3, while the Expectations Index edged down to 83.3 from 84.6 in June. "Consumer confidence held steady in July, after improving in June," said Lynn Franco, Director of Economic Indicators at The Conference Board.
Read more...- Saturday, 30 July 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 01 August – 05 August
Events that marked the week:
From Eurozone, on Monday, German Business Confidence figures were released. German business morale fell in July, a survey showed on Monday, suggesting company executives in Europe's largest economy have become less optimistic since Britain voted to leave the European Union. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to 108.3 in July from 108.7 in June. That was stronger than the Reuters consensus forecast for a reading of 107.5."This was due to far less optimistic business expectations on the part of companies. Assessments of the current business situation, by contrast, improved slightly. The German economy proves resilient," Ifo head Clemens Fuest said.
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