- Friday, 13 October 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 16 October – 20 October
Events that marked the week:
Tuesday's session was marked by UK Industrial Production figures. In the three months to August 2017, the Index of Production was estimated to have increased by 0.9%; all four main sectors increased with the largest contribution from manufacturing. In August 2017, total production was estimated to have increased by 0.2% compared with July 2017, due mainly to a rise of 0.4% in manufacturing. Total production output for August 2017 compared with August 2016 increased by 1.6%, with manufacturing providing the largest upward contribution, increasing by 2.8%; mining and quarrying partially offset this rise, decreasing by 6.0%.
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- Friday, 13 October 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 16 October – 20 October
Events that marked the week:
From Australia, on Tuesday, NAB Business Confidence figures were released. Conditions and confidence amongst Australia's struggling retailers have taken another backward step according to the NAB's respected monthly business survey. Business conditions are back near pre-GFC highs despite ongoing weakness in retail sector. Business confidence pulled back from sharp decline in August. Forward orders and employment conditions eased back last month, while sales and profitability picked up.
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- Saturday, 30 September 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 02 October – 06 October
Events that marked the week:
On Monday, from Eurozone, Business Climate figures were released. The ifo Business Climate Index fell in September from 115.9 points to 115.2 points, but still remains way above its long-term average of 102.1 points (as of 1991). Companies were less satisfied with both their current business situation and their short-term outlook than in August. Germany’s economy nevertheless goes into the new legislative period with a strong tailwind. In manufacturing the index declined markedly. Manufacturers were clearly less satisfied with their current business situation, which nevertheless remains favourable.
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- Saturday, 30 September 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 02 October – 06 October
Events that marked the week:
From the UK, on Wednesday, CBI Realized Sales figures were published. The survey of 117 respondents, including 55 retail firms, found that sales for the time of year were considered to be slightly above seasonal norms. Growth in internet sales volumes rose in the year to September, to slightly above the long-run average, and are expected to expand at a somewhat slower pace in October. 56% of retailers said that sales volumes were up in September compared with a year ago, whilst 15% said they were down, giving a balance of +42% - the highest since September 2015 (+49%). This was also above expectations (+19%). Read more...
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