- Friday, 27 October 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 30 October – 03 November
Events that marked the week:
Wednesday's session brought UK GDP figures. UK gross domestic product (GDP) was estimated to have increased by 0.4% in Quarter 3 (July to Sept) 2017, a similar rate of growth to the previous two quarters. Services increased by 0.4%, the same rate as Quarter 2 (Apr to June) 2017 and remains the largest contributor to GDP growth, with a strong performance in computer programming, motor trades and retail trade. Manufacturing returned to growth after a weak Quarter 2 2017, increasing by 1.0% in Quarter 3 2017. Construction has contracted for the second quarter in a row, although the industry still remains well above its pre-downturn peak.
Read more...
- Friday, 27 October 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 30 October – 03 November
Events that marked the week:
Wednesday's session was marked by Australian CPI figures. Australia’s September quarter consumer price inflation (CPI) report has come in well below expectations, scuppering any talk of a near-term interest rate increase from the Reserve Bank of Australia (RBA). According to the Australian Bureau of Statistics (ABS), headline CPI rose by 0.6% over the September quarter, leaving the change on a year earlier at 1.8%. Economists were looking for an increase of 0.8%, seeing the year-on-year rate tick up from 1.9% to 2%. The quarterly increase was driven by higher utility, tobacco, and travel prices, offsetting weakness in vegetable, fuel and telecommunication costs.
Read more...
- Friday, 13 October 2017
- News
USD - Major events in the week ahead
Events that marked the week:
Focus of the Wednesday's session was on FOMC Meeting Minutes. Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday. The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent hurricanes.
Read more...
- Friday, 13 October 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 16 October – 20 October
Events that marked the week:
From Eurozone, on Monday, German Industrial Production figures were released. In August 2017, production in industry was up by 2.6% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In July 2017, the corrected figure shows a decrease of 0.1% (primary 0.0%) from June 2017.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…