- Saturday, 30 September 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 02 October – 06 October
Events that marked the week:
There were no data releases from Australia during the week. The AUD is likely to continue to trade in a narrow band against the USD, at least in the near term as the domestic backdrop and the risk environment remain supportive but, at current levels, they are unlikely to provide the AUD with enough momentum to break the range anytime soon, according to Giulia Lavinia Specchia, Research Analyst at ANZ. Read more...
- Saturday, 30 September 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Tuesday Consumer Confidence and New Home Sales data was released. U.S consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter. The economy, however, remains on solid ground as other data on Tuesday showed a strong increase in house prices in July. The Conference Board said its consumer confidence index declined to a reading of 119.8 this month from 120.4 in August, which was the highest reading in five months. It said confidence in Texas and Florida “decreased considerably.” Read more...
- Friday, 22 September 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 25 September – 29 September
Events that marked the week:
Tuesday's session was marked by German and Eurozone Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany improved in September 2017. Climbing 7.0 points compared to the previous month, the indicator now stands at 17.0 points. The indicator, however, still remains below the long-term average of 23.8 points.“ The financial market experts’ assessment of the economic development of the Eurozone has also improved, with the respective indicator increasing by 2.4 points to a reading of 31.7 points. Read more...
- Friday, 22 September 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 25 September – 29 September
Events that marked the week:
Wednesday's session brought UK Retail Sales figures. In August 2017, the quantity bought (volume) in the retail sales industry increased by 1.0% compared with July 2017; with other non-food stores and non-store retailing as the main contributors to growth. Compared with August 2016, the quantity bought increased by 2.4%; the 52nd consecutive month of year-on-year increase in retail sales. Year-on-year contribution of food stores remains flat whilst there was a fall in the contribution of growth within petrol stations, showing that contributions to the overall growth came from non-essential items.
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