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GBP/USD Weekly Forecast – 25 December – 29 December

Events that marked the week:

Thursday's session brought Public Sector Net Borrowing data from the UK: Public sector net borrowing (excluding public sector banks) decreased by £3.1 billion to £48.1 billion in the current financial year-to-date (April 2017 to November 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2007. Public sector net borrowing (excluding public sector banks) decreased by £0.2 billion to £8.7 billion in November 2017, compared with November 2016; this is the lowest November net borrowing since 2007.

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AUD/USD Weekly Forecast – 25 December – 29 December

Events that marked the week:

From Australia, on Monday, New Motor Vehicle Sales figures were released. The November 2017 trend estimate  for new motor vehicle sales (98,690) decreased by 0.3% when compared with October 2017. On a seasonally adjusted basis prices rose by 0.1%. When comparing national trend estimates for November 2017 with October 2017, sales for Other vehicles increased by 0.4%. By contrast, Passenger vehicles and Sports utility vehicles decreased by 0.8% and 0.4% respectively. The largest downward movement across all states and territories, on a trend basis, was in the Northern Territory (-2.5%).

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USD - Major events in the week ahead

Events that marked the week:

On Tuesday PPI data was released. The Producer Price Index for final demand increased 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices also moved up 0.4 percent in both October and September. On an unadjusted basis, the final demand index rose 3.1 percent for the 12 months ended in November, the largest advance since a 3.1-percent increase for the 12 months ended January 2012.In November, three-fourths of the rise in the final demand index is attributable to a 1.0-percent increase in prices for final demand goods. The index for final demand services climbed 0.2 percent.

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EUR/USD Weekly Forecast – 18 December – 22 December

Events that marked the week:

Tuesday's session brought ZEW Economic Sentiment figures for Germany and Eurozone. The ZEW Indicator of Economic Sentiment for Germany records a decrease of 1.3 points in December 2017 and now stands at 17.4 points. The indicator thus still remains below the long-term average of 23.7 points. The assessment of the current economic situation in Germany increased by 0.5 points, with the corresponding indicator currently standing at 89.3 points. The financial market experts’ sentiment concerning the economic development of the Eurozone decreased by 1.9 points, with the corresponding indicator currently standing at 29.0 points. The indicator for the current economic situation in the Eurozone continued to improve in December, climbing by 2.9 points to a level of 50.7 points compared to the previous month. The economic expectations for the Eurozone thus continue to be positive.

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