- Saturday, 10 February 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 12 February - 16 February
Events that marked the week:
Monday's session brought UK Services PMI figures. The UK services sector grew at its slowest pace in January since the aftermath of the EU referendum as the economy got off to a sluggish start in 2018. The latest health check of a sector that includes hotels, restaurants, transport and the City from IHS Markit and the Chartered Institute of Procurement and Supply (CIPS) found that a loss of clients and lingering Brexit uncertainty had led to a dip in activity. The monthly purchasing managers’ index from IHS Markit/CIPS fell from 54.2 points in December to 53.0 in January, its weakest since September 2016 and only slightly above the 50.0 cut-off point between expansion and recession.
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- Saturday, 10 February 2018
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 12 February - 16 February
Events that marked the week:
Tuesday's session brought Australian Retail Sales and Trade Balance figures. Australia’s December retail sales report has come in well under expectations, partially reversing a strong lift in November. According to the Australian Bureau of Statistics (ABS), sales fell by 0.5% to $ 26.261 billion in seasonally adjusted terms, missing forecasts for a smaller decline of 0.2%. Offsetting some of the weakness, November’s stellar gain of 1.2% was revised higher to show an increase of 1.3%. With sales retracing during the month, the annual pace of sales slowed to 2.5% from 2.9% in November.
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- Saturday, 03 February 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast - 05 February - 09 February
Events that marked the week:
Wednesday brought Eurozone CPI figures. Euro area annual inflation is expected to be 1.3% in January 2018, down from 1.4% in December 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (2.1%, compared with 2.9% in December), followed by food, alcohol & tobacco (1.9%, compared with 2.1% in December), services (1.2%, stable compared with December) and non-energy industrial goods (0.6%, compared with 0.5% in December).
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- Saturday, 03 February 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 05 February - 09 February
Events that marked the week:
On Thursday, from the UK, Manufacturing PMI figures were released. The start of 2018 saw a further easing in the rate of expansion of the UK manufacturing sector. At 55.3 in January, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) was down further from November’s 51-month high and at its lowest level since June last year. That said, the PMI remained well above its long-run average of 51.7. The latest survey was conducted from 12-26 January.
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