- Friday, 03 November 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 06 November – 10 November
Events that marked the week:
There were no data releases from Australia on Tuesday, but from China official Manufacturing PMI figures were published. The official Purchasing Managers’ Index (PMI) released on Tuesday fell to 51.6 in October, from 52.4 in September, which was the strongest in over five years. It was the weakest reading in three months, but remained above the 50-point mark that separates growth from contraction on a monthly basis. Analysts surveyed by Reuters had forecast the PMI would fall slightly to 52.0, but still point to the 15th straight month of expansion.
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- Friday, 03 November 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday, CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index, which had improved marginally in September (an upward revision), increased again in October. The Index now stands at 125.9 (1985=100), up from 120.6 in September. The Present Situation Index increased from 146.9 to 151.1, while the Expectations Index rose from 103.0 last month to 109.1. "Consumer confidence increased to its highest level in almost 17 years (Dec. 2000, 128.6) in October after remaining relatively flat in September," said Lynn Franco, Director of Economic Indicators at The Conference Board.
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- Friday, 27 October 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Wednesday Durable Goods Orders data was published. U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Wednesday. Non-military capital goods orders excluding aircraft climbed 1.3% (est. 0.3% gain) for a third straight month. Shipments of those goods, which are used to calculate gross domestic product, rose 0.7% (est. 0.1% gain) after a revised 1.2% advance. Bookings for all durable goods jumped 2.2% (est. 1% advance) following 2% increase. Excluding transportation-equipment demand, which is volatile, orders rose 0.7% for a second month.
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- Friday, 27 October 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 30 October – 03 November
Events that marked the week:
Tuesday's session brought French and German PMI figures. October. French private sector activity rose more than expected in October, boosting the economic outlook of the euro zone’s second largest economy according to data released on Tuesday. The preliminary reading of the Markit services purchasing managers’ index came in at 57.4 this month from 57.0 in September Economists had expected the index to tick down to 56.9. The manufacturing PMI rose to 56.7, compared to expectations for 56.0 and from 56.1 a month earlier. The composite output index, which measures the combined output of both the manufacturing and service sectors rose to 57.5 from 57.1, beating expectations for 57.0.
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