- Saturday, 11 November 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 13 November – 17 November
Events that marked the week:
Focus of the Tuesday's session was on RBA interest rate decision and the following statement. The Reserve Bank of Australia on Tuesday held its benchmark cash rate at 1.50% as expected, signaling it is watching the housing market closely and that a higher Australian dollar is restraining price pressures. RBA governor Philip Lowe said the board expects the current low rate of inflation to gradually lift as economic growth improves. 'Inflation remains low, with both CPI and underlying inflation running a little below two per cent,' he said in a statement on Tuesday. 'In underlying terms, inflation is likely to remain low for some time, reflecting the slow growth in labour costs and increased competitive pressures, especially in retailing.'
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- Saturday, 11 November 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday Crude Oil Inventories data was published. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 457.1 millionbarrels, U.S. crude oil inventories are in the upper half of the average range for this timeof year. Total motor gasoline inventories decreased 3.3 million barrels last week, and arein the lower half of the average range. Finished gasoline inventories increased, but blending components inventories decreased last week.
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- Friday, 03 November 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 06 November – 10 November
Events that marked the week:
Focus of the Monday's session was on German CPI and Spanish CPI figures. The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in October 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to remain unchanged from September 2017.
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- Friday, 03 November 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 06 November – 10 November
Events that marked the week:
Wednesday's session was marked by UK Manufacturing PMI figures. The UK manufacturing sector started the final quarter of the year on a solid footing. Production and new order volumes continued to rise at robust rates, as companies benefited from strong domestic market conditions and rising inflows of new export business. Price pressures remained elevated, however, with rates of inflation in input costs and output charges both accelerating and staying well above historical series averages. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index registered 56.3 in October, up from 56.0 in September (revised from the original reading of 55.9).
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