- Saturday, 28 May 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 30 May – 03 June
Events that marked the week:
Focus of the Tuesday's session was on BoE Inflation Report Hearings. Bank of England Governor Mark Carney said on Tuesday that the U.K.’s central bank does plan on following the purdah period in the run-up to the June 23 referendum on the Britain’s membership in the European Union, but noted that Brexit risks could form a part of the Monetary Policy Committee decision scheduled for June 16 and thus could form part of the minutes. Testifying before the U.K.’s Treasury Select Committee Hearing on the May Inflation Report, Carney admitted that the June 16 decision could force the BoE to break the so-called purdah period that prohibits British civil servants from commenting on the upcoming referendum and will begin from Friday.
Read more...- Saturday, 28 May 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 30 May – 03 June
Events that marked the week:
There were no data releases from Australia at the beginning of the week, however Governor Stevens remarks moved the markets. RBA Governor Stevens was speaking at the Trans-Tasman Business Circle boardroom briefing. He said that he suspects there is quite some years of fiscal repair work for the government in the period ahead. It is true that inflation is very low, technically it is below RBA announced target, however medium term inflation targetting is not rigid and does not demand knee-jerk reaction from RBA.
Read more...- Saturday, 28 May 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday New Home Sales figures were released. Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Analysts were expecting smaller increase to 521,000. This is 16.6% above the revised March rate of 531,000 and is 23.8% above the April 2015 estimate of 500,000.
Read more...- Friday, 20 May 2016
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 23 May – 27 May
Events that marked the week:
From Eurozone, on Tuesday, Trade Balance data was released. The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2016 was €177.8 billion, a decrease of 3% compared with March 2015 (€182.8 bn). Imports from the rest of the world stood at €149.2 bn, a fall of 8% compared with March 2015 (€162.9 bn). As a result, the euro area recorded a €28.6 bn surplus in trade in goods with the rest of the world in March 2016, compared with +€19.9 bn in March 2015. Intra-euro area trade fell to €149.3 bn in March 2016, down by 2% compared with March 2015.
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