- Friday, 03 June 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 06 June – 10 June
Events that marked the week:
From the UK, on Wednesday, Manufacturing PMI data was released. The UK Manufacturing sector maintained its generally lacklustre start to 2016. At 50.1 in May, up from 49.4 in April, the seasonally adjusted Markit/CIPS Purchasing Managers’ Index edged only negligibly back above the neutral mark of 50.0. Production volumes were broadly unchanged during the latest survey month, as the growth rate of new order inflows remained subdued (albeit slightly quicker than in April). Where an increase in new business was registered, this generally reflected a further increase in new work from domestic clients.
Read more...- Friday, 03 June 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday, CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index, which had decreased in April, declined further in May. The Index now stands at 92.6 (1985=100), down from 94.7 in April. Increase to 96.7 was anticipated. The Present Situation Index decreased from 117.1 to 112.9, while the Expectations Index declined from 79.7 to 79.0 in May.
Read more...- Friday, 03 June 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 06 June – 10 June
Events that marked the week:
Monday only brought Company Operating Profits figures from Australia. The trend estimate for inventories rose 0.1% in the March quarter 2016. The seasonally adjusted estimate rose 0.4% this quarter. The trend estimate for Manufacturing sales of goods and services fell 1.0% this quarter. The seasonally adjusted estimate fell 0.3% this quarter. The trend estimate for Wholesale trade sales of goods and services rose 1.8% this quarter. The seasonally adjusted estimate rose 3.2%. The seasonally adjusted estimate for company gross operating profits fell 4.7% in the March quarter 2016. Analysts were predicting 0.5% increase. The seasonally adjusted estimate for wages and salaries rose 0.6% in the March quarter 2016.
Read more...- Saturday, 28 May 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 30 May – 03 June
Events that marked the week:
From Eurozone, on Monday, French and German Manufacturing PMI figures were released. French private sector activity grew at the fastest pace in seven months in May, easing concerns over the economic outlook of the euro zone’s second largest economy, preliminary data showed on Monday. The preliminary services purchasing managers’ index improved to a seasonally adjusted 51.8 this month, a seven-month high. The reading came in above expectations for 50.6 and up from 50.6 in April. In contrast, the French manufacturing purchasing managers’ index inched up to a seasonally adjusted 48.3 this month, missing expectations for 48.8 but up from 48.0 a month earlier.
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