- Saturday, 30 July 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 01 August – 05 August
Events that marked the week:
From the UK, on Wednesday, GDP data was released. Change in gross domestic product (GDP) is the main indicator of economic growth. GDP was estimated to have increased by 0.6% in Quarter 2 (Apr to June) 2016 compared with growth of 0.4% in Quarter 1 (Jan to Mar) 2016. Output increased in 2 of the main industrial groupings within the economy in Quarter 2 2016. Services increased by 0.5% and production increased by 2.1%. In contrast, construction decreased by 0.4% and agriculture decreased by 1.0%. GDP was 2.2% higher in Quarter 2 2016 compared with the same quarter a year ago. In Quarter 2 2016, GDP was estimated to have been 7.7% higher than the pre-economic downturn peak of Quarter 1 2008. From the peak in Quarter 1 2008 to the trough in Quarter 2 2009, the economy shrank by 6.3%.
Read more...- Saturday, 30 July 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 01 August – 05 August
Events that marked the week:
Wednesday's session was marked by Australian CPI data. Consumer prices increased by just 0.4 per cent for the June quarter, according to the latest data from the Australian Bureau of Statistics. This takes annual inflation to just 1 per cent, the weakest annual rise since 1999. Economists surveyed by Bloomberg were typically expecting an annual headline inflation rate of 1.1 per cent, with a quarterly figure of 0.4. There was a wide range of forecasts, with guesses on the annual figure ranging from 0.8 to 1.5 per cent.
Read more...- Saturday, 23 July 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 25 July – 29 July
Events that marked the week:
Tuesday's session was marked by ZEW Economic Sentiment data. The ZEW Indicator of Economic Sentiment for Germany decreased sharply in July 2016. The index has decreased by 26.0 points compared to the previous month, now standing at minus 6.8 points (long-term average: 24.3 points). This is the indicator’s lowest reading since November 2012. ZEW’s Indicator of Economic Sentiment for the Eurozone has declined considerably by 34.9 points to a reading of minus 14.7 points. Falling by 2.4 points in July 2016, the indicator for the current economic situation in the euro area has dropped to a value of minus 12.4 points.
Read more...- Saturday, 23 July 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 25 July – 29 July
Events that marked the week:
Focus of Tuesday's session was on CPI and PPI data. The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May. The June rate is a little above the position seen for most of 2016, though it is still relatively low historically. Rises in air fares, prices for motor fuels and a variety of recreational and cultural goods and services were the main contributors to the increase in the rate. These upward pressures were partially offset by falls in the price of furniture and furnishings and accommodation services.
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