- Friday, 24 November 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 27 November – 01 December
Events that marked the week:
On Tuesday, from the UK, Public Sector Net Borrowing data was released. Public sector net borrowing (excluding public sector banks) decreased by £4.1 billion to £38.5 billion in the current financial year-to-date (April 2017 to October 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) increased by £0.5 billion to £8.0 billion in October 2017, compared with October 2016. The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018, an increase of £12.5 billion on the outturn net borrowing in the financial year ending March 2017.
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- Friday, 24 November 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 27 November – 01 December
Events that marked the week:
Focus of the Tuesday's session was on RBA Meeting Minutes. The Australian Dollar following the release of typically cautious monetary-policy meeting minutes from the Reserve Bank of Australia. The RBA left the Official Cash Rate alone on November 7, at its record low of 1.50%. The minutes flesh out the statement made at the time and the central bank again took the chance to worry about the damaging effects of too much currency strength on the prospects for both growth and inflation. This is a common lament from the RBA, however. It also worried about what it said was “considerable uncertainty” as to if, and when, subdued wage pressures might lift, while warning that consumption growth was likely to have been lower in the year’s third quarter.
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- Saturday, 11 November 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 13 November – 17 November
Events that marked the week:
From Eurozone, German Factory Orders and Eurozone PPI figures were released on Monday. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in September 2017 a seasonally and working-day adjusted 1.0% on the previous month. In the past two months, German companies have received almost as many orders as they did before the economic and financial crisis end of 2007. For August 2017, revision of the preliminary outcome resulted in increase of 4.1% compared with July 2017 (primary +3.6%). Price-adjusted new orders without major orders in manufacturing had increased in September 2017 a seasonally and working-day adjusted 1.3% on the previous month.
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- Saturday, 11 November 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 13 November – 17 November
Events that marked the week:
There were no major data releases from the UK during the initial part of the week. British employers are having to raise their pay offers in the face of growing recruitment problems, two surveys showed on Wednesday, following a fall in the number of European Union workers since the Brexit vote. Stronger pay growth would ease a big problem for Britain's economy -- wages lagging inflation -- and could add to the case for further interest rates hikes by the Bank of England, which last week raised rates for the first time since 2007. The Recruitment and Employment Confederation said its monthly survey showed starting salaries rose in October at the second-quickest rate since November 2015. "
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