- Friday, 29 December 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 01 January – 05 January
Events that marked the week:
There were no data releases from Australia last week, but from China Industrial Profit figures were published. Profit growth at Chinese industrial firms slowed in November as producer prices rebound appeared to soften. Industrial profits rose 14.9 percent last month from a year earlier, compared with previously reported 25.1 percent in October, the statistics bureau said on Wednesday. Robust demand and consistent factory inflation have lifted profitability this year.
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- Friday, 29 December 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday CB Consumer Sentiment and Pending Home Sales figures were released. Consumer confidence fell in December, a month after hitting a 17-year high, but the level of optimism among Americans this year was the highest since 2000. The index slipped to 122.1 this month from a revised 128.6 in November, the Conference Board said Wednesday. Economists polled by MarketWatch had forecast the index to read 127.5. Americans were a little less confident in their outlook for jobs and business conditions. An index that measures future conditions dipped to 99.1 from 111.
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- Saturday, 23 December 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Building Permits and Housing Starts data was published. Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Tuesday. Residential starts rose 3.3% to 1.3m annualized rate (est. 1.25m) after 1.26m pace in prior month (revised from 1.29m). Single-family starts jumped 5.3% to 930,000, highest since Sept. 2007; South and West regions also were 10-year highs. Permits, a proxy for future construction of all types of homes, fell 1.4% to 1.3m rate (est. 1.27m) from 1.32m pace; single-family permits in U.S. and South both highest since Aug. 2007.
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- Saturday, 23 December 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 25 December – 29 December
Events that marked the week:
From Eurozone, on Tuesday, German Business Climate figures were released. Chancellor Angela Merkel is struggling to form a stable government after her conservatives lost voters to the far right in September’s election and her attempt at a tricky three-way alliance with two smaller parties failed last month. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, edged down to 117.2 from an upwardly revised reading of 117.6 in November which was the highest on record. Read more...
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