- Friday, 17 June 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 20 June – 24 June
Events that marked the week:
On Tuesday, from Eurozone, Industrial Production data was published. In April 2016 compared with March 2016, seasonally adjusted industrial production rose by 1.1% in the euro area (EA19) and by 1.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2016 industrial production fell by 0.7% in the euro area and by 0.5% in the EU28.
Read more...- Friday, 17 June 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 20 June – 24 June
Events that marked the week:
Focus of Tuesday's session was on UK CPI and PPI data. The Consumer Prices Index (CPI) rose by 0.3% in the year to May 2016, unchanged from April. This continues the position seen since the beginning of the year of a rate which is a little above zero. With the exception of March, when the rate was influenced by the timing of Easter, headline inflation has been 0.3% for all months of 2016. The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 3.9% in the year to May 2016, compared with a fall of 7.0% in the year to April 2016. Core input prices, which exclude purchases from the more volatile food, beverage, tobacco and petroleum industries, fell 1.5% in the year to May 2016, compared with a fall of 2.1% in the year to April 2016.
Read more...- Friday, 17 June 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 20 June – 24 June
Events that marked the week:
There were no data releases from Australia, on Monday, but from China Industrial Production figures were published. China’s industrial production rose faster than expected in May, while retail sales and urban investment slowed unexpectedly, raising doubts about whether the world’s second largest economy is stabilizing after a disappointing first quarter. Factory output at manufacturing, mining, construction and utilities companies rose 6% from a year earlier following a similar advance in April. A median estimate of economists called for a gain of 5.9%. Meanwhile, China’s fixed-asset investment growth slowed sharply to 9.6% annually in the January to May period following a 10.5% advance in the four months through April. A median estimate of economists called for an increase of 10.5% annually.
Read more...- Friday, 10 June 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 13 June – 17 June
Events that marked the week:
Monday's session brought German Factory Orders figures. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in April 2016 a seasonally and working-day adjusted 2.0% on March 2016. Analysts were anticipating 0.4% decline. For March 2016, revision of the preliminary outcome resulted in an increase of 2.6% compared with February 2016, particularly due to the subsequent report of a major order (primary +1.9%). Price-adjusted new orders without major orders in manufacturing had decreased in April 2016 a seasonally and working-day adjusted 1.5% on March 2016.
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