- Saturday, 25 June 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 27 June – 01 July
Events that marked the week:
From the UK, on Tuesday, Public Sector Net Borrowing figures were released. Public sector net borrowing (excluding public sector banks) decreased by £16.7 billion to £74.9 billion in the complete financial year ending March 2016 (April 2015 to March 2016), compared with the previous financial year. This £74.9 billion represents a £0.9 billion increase to the initial estimate of the complete financial year borrowing published in the March 2016 statistical bulletin. Public sector net borrowing (excluding public sector banks) increased by £0.2 billion to £17.9 billion in the current financial year-to-date (April to May 2016) compared with the same period in 2015.
Read more...- Saturday, 25 June 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 27 June – 01 July
Events that marked the week:
On Tuesday RBA Meeting Minutes were released. The RBA said last month that holding policy steady is consistent with their mandate of ensuring sustainable economic growth and supporting healthy inflation levels over time. “Members began their discussion of the Australian economy by noting that growth in real GDP in the March quarter was stronger than anticipated in the May Statement on Monetary Policy,” the official transcript of the June 7 meeting said. “Growth was expected to be more moderate in the June quarter, but year-ended growth was likely to remain slightly above estimates of potential.”
Read more...- Saturday, 25 June 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday Existing Home Sales figures were released. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.8 percent to a seasonally adjusted annual rate of 5.53 million in May from a downwardly revised 5.43 million in April. With last month's gain, sales are now up 4.5 percent from May 2015 (5.29 million) and are at their highest annual pace since February 2007 (5.79 million).
Read more...- Friday, 17 June 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Retail Sales figures were released. Retail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter. The 0.5% increase in purchases followed a 1.3% jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists surveyed by Bloomberg projected a 0.3% advance. Excluding purchases of autos and gasoline, sales climbed 0.3%.
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