- Saturday, 05 August 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 07 August – 11 August
Events that marked the week:
Focus of the Monday's session was on Eurozone CPI data. Euro area annual inflation is expected to be 1.3% in July 2017, stable compared with June 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in July (2.2%, compared with 1.9% in June), followed by services (1.5%, compared with 1.6% in June), food, alcohol & tobacco (1.4%, stable compared with June) and non-energy industrial goods (0.5%, compared with 0.4% in June).
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- Saturday, 05 August 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 07 August – 11 August
Events that marked the week:
Tuesday's session was marked by UK Manufacturing PMI figures. The rate of improvement in UK manufacturing operating conditions accelerated for the first time in three months at the start of the third quarter. This was highlighted by the seasonally adjusted Markit/CIPS Purchasing Managers’ Index® 50.0 (PMI®) rising to 55.1 in July, up from 54.2 in June. The headline PMI was boosted by stronger inflows 38.0 of new work, higher levels of production, improved job creation, longer supplier delivery times and a slight increase in inventory holdings.
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- Saturday, 05 August 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 07 August – 11 August
Events that marked the week:
There were no data releases from Australia on Monday, but from China PMI figures were released. The Chinese economy expanded at a slower but steady pace in July, with broad measures of manufacturing and services continuing to show progress. Beijing’s official manufacturing purchasing managers’ index (PMI), which focuses on large and state-run companies, dipped to 51.4 in July. That was a slightly bigger drop than the consensus forecast, which called for a decline to 51.6. A separate gauge of China’s services sector also strengthened in July. The official non-manufacturing PMI fell to 54.5 after climbing to 54.9 the previous month.
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- Friday, 28 July 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday, Existing Home Sales data was released. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally adjusted annual rate of 5.52 million in June from 5.62 million in May. Despite last month's decline, June's sales pace is 0.7 percent above a year ago, but is the second lowest of 2017 (February, 5.47 million).
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