- Friday, 01 December 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 04 December – 08 December
Events that marked the week:
Focus of the Tuesday's session was on BoE's Bank Stress Test Results. The UK's seven biggest lenders are all strong enough to cope with a "disorderly" no-deal Brexit, according to a Bank of England assessment. But the Bank said it would consider whether the firms needed to hold billions more capital as an emergency buffer in case such a scenario coincided with a wider global downturn. The Bank's financial policy committee also set out a wishlist of actions required to mitigate the risks to UK financial services posed by the departure from the EU.
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- Friday, 01 December 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 04 December – 08 December
Events that marked the week:
Thursday's session brought Australian Building Approvals and Private Capital Expenditure figures. The trend estimate for total dwellings approved rose 0.7% in October and has risen for nine months. The seasonally adjusted estimate for total dwellings approved rose 0.9% in October. The trend estimate for private sector houses approved rose 0.6% in October and has risen for eight months. The seasonally adjusted estimate for private sector houses rose 1.5% in October. The trend estimate for private sector dwellings excluding houses rose 0.8% in October and has risen for five months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.0% in October.
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- Friday, 24 November 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Existing Home Sales figures were released. Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally adjusted annual rate of 5.48 million in October from a downwardly revised 5.37 million in September. After last month's increase, sales are at their strongest pace since June (5.51 million), but still remain 0.9 percent below a year ago. Lawrence Yun, NAR chief economist, says sales activity in October picked up for the second straight month, with increases in all four major regions.
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- Friday, 24 November 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 27 November – 01 December
Events that marked the week:
From Eurozone, on Thursday, French and German PMI figures were released. Growth in the French private sector accelerated in November, bolstering the economic outlook for the euro zone’s second largest economy according to data released on Thursday. The preliminary reading of the Markit services purchasing managers’ index came in at 60.2 this month from 57.3 in October. It was a 78-month high. Economists had forecast a reading of 57.0. The manufacturing PMI increased to 57.5, compared to expectations for 55.9 and from 56.1 a month earlier. It was the highest level in 79 months.
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