- Friday, 13 May 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 16 May – 20 May
Events that marked the week:
Wednesday brought UK Industrial Production data. Total production output is estimated to have decreased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016. The largest contribution to the quarterly decrease came from mining & quarrying, which fell by 2.3%. Total production output is estimated to have increased by 0.3% in March 2016 compared with February 2016. Analysts were predicting increase by 0.7%. There were increases in 3 of the 4 main sectors, with the largest contribution coming from electricity, gas, steam & air conditioning output, which increased by 3.3%. Read more...
- Friday, 13 May 2016
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 16 May – 20 May
Events that marked the week:
There were no data releases from Australia during the week, but from China CPI and PPI figures were released. China's consumer inflation remained modest in April, while producer prices' four-year slump moderated as commodity prices rebounded, easing concerns about deflationary risks to the world's second-largest economy. Strong March data had raised hopes the economy was bottoming out from a prolonged slump -- possibly allowing the People's Bank of China (PBOC) to take its foot off the gas -- but mixed April data so far and surging debt levels have fueled doubts about whether any recovery will prove sustainable.
Read more...- Friday, 06 May 2016
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday Manufacturing PMI figures were released. The April PMI registered 50.8 percent, a decrease of 1 percentage point from the March reading of 51.8 percent. Manufacturing registered growth in April for the second consecutive month, as 15 of our 18 industries reported an increase in new orders in April (up from 13 in March), and 15 of our 18 industries reported an increase in production in April (up from 12 in March).
Read more...- Friday, 06 May 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 09 May – 13 May
Events that marked the week:
Tuesday was marked by UK Manufacturing PMI figures. UK Manufacturing PMI fell below the critical no-change mark of 50.0 for the first time since March 2013. At 49.2, from a downwardly revised reading of 50.7 in March, the headline index was dragged lower by lacklustre trends in production and new orders and declines in both employment and stocks of purchases. Analysts were predicting incline to 51.3.
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