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GBP/USD Weekly Forecast – 18 September – 22 September

Events that marked the week:

Focus of the Tuesday's session was on on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017. Rising prices for clothing and motor fuels were the main contributors to the increase in the rate between July and August 2017. Air fares also rose between July and August but the rise was smaller than between the same two months a year ago and so resulted in a partially offsetting, downward contribution. The Consumer Prices Index (CPI) 12-month rate was 2.9% in August 2017, up from 2.6% in July 2017.

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AUD/USD Weekly Forecast – 18 September – 22 September

Events that marked the week:

There were no data releases from Australia on Monday, but over the weekend China's CPI and PPI figures were published. China's consumer inflation rose to a seven-month high, as falls in food prices softened, dragging less on the overall index, official data showed Saturday. China's consumer-price index increased 1.8% in August from a year earlier, compared with a 1.4% gain in July, the National Bureau of Statistics said. Food prices edged down 0.2% on year, after dropping 1.1% in July. Nonfood prices grew 2.3% on year, compared with 2.0% on-year growth in July.

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USD - Major events in the week ahead

Events that marked the week:

On Wednesday Trade Balance and ISM Non-Manufacturing PMI data was published. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.

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EUR/USD Weekly Forecast – 11 September – 15 September

Events that marked the week:

From Eurozone, on Monday, Spanish Unemployment Change and Eurozone PPI figures were released.  The number of unemployed registered in the offices of the Public Employment Service (SEPE) has increased in August by 46,400 people in relation to the previous month. In the last 8 years this month registered unemployment had increased by 44,063 people. Thus, the total number of registered unemployed stands at 3,382,324.

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