- Friday, 26 January 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 29 January – 02 February
Events that marked the week:
Focus of the Tuesday's session was on ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany climbed 3.0 points in January 2018, currently standing at 20.4 points. The indicator thus still remains slightly below the long-term average of 23.7 points. The assessment of the current economic situation in Germany increased by 5.9 points, with the corresponding indicator currently standing at 95.2 points. The financial market experts’ sentiment concerning the economic development of the Eurozone increased by 2.8 points, currently standing at a level of 31.8 points. Read more...
- Friday, 26 January 2018
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 29 January – 02 February
Events that marked the week:
From the UK, on Tuesday, Public Sector Net Borrowing and CBI Industrial Orders Expectations figures were released. Public sector net borrowing (excluding public sector banks) decreased by £6.6 billion to £50.0 billion in the current financial year-to-date (April 2017 to December 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2007. The Office for Budget Responsibility (OBR) forecasts that public sector net borrowing (excluding public sector banks) will be £49.9 billion during the financial year ending March 2018, an increase of £3.9 billion on the outturn net borrowing in the financial year ending March 2017.
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- Saturday, 06 January 2018
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 08 January – 12 January
Events that marked the week:
Tuesday's session brought Spanish Manufacturing PMI figures. December data pointed to another strong performance by the Spanish manufacturing sector at the end of 2017. Production rose sharply on the back of a solid increase in new orders. In order to support output growth, firms continued to raise employment and purchasing activity at elevated rates. The PMI posted 55.8 in December, down slightly from the near 11-year high of 56.1 in November but still signalling a marked monthly improvement in the health of the sector. Business conditions have now strengthened in each of the past 49 months.
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- Saturday, 06 January 2018
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday ISM Manufacturing PMI figures were published. The December PMI registered 59.7 percent, an increase of 1.5 percentage points from the November reading of 58.2 percent. Comments from the panel reflect expanding business conditions, with new orders and production leading gains; employment expanding at a slower rate; order backlogs expanding at a faster rate; and export orders and imports continuing to grow in December. Supplier deliveries continued to slow (improving) at a faster rate, and inventories continued to contract at a slower rate during the period. Price increases continued at a faster rate. The Customers’ Inventories Index declined and remains at low levels.
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