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The Australian dollar struggled with the highs but did not give up on these levels, despite RBA pressure. Where next? The upcoming week features speeches from central bankers as well as important surveys. AIG Construction Index: Sunday, 23:30. This 200-strong survey by the Australian Industry Group has been on the high ground in the past two months, above 56, reflecting robust growth in the sector.ANZ Job Advertisements: Monday, 1:30. ...
Weekly USD/CAD Outlook: 2017, August 06 - August 13 Dollar/CAD moved up, correction previous losses as oil prices cooled down. The upcoming week features housing figures from Canada. Housing Starts: Tuesday, 12:15. The Canadian housing sector has been rocked by reports of house price falls in Toronto. A small slide to 206K is on the cards now.Building Permits: Wednesday, 12:30. A drop of 1.8% is forecast now.NHPI ...
The US dollar was on the back foot on political and mostly monetary issues. Is this just a setback or can we expect further falls? The upcoming week features a mix of events from all over the world. Chinese GDP: Monday, 2:00. China is the world’s No. 2 economy. and demand from the economic giant has a huge impact on the rest of the world. Note that China also releases industrial output, fixed asset investment, and retail sales at the ...
EUR/USD took another step forward, but could not hold onto the highs. What’s next? The big event on the agenda is undoubtedly the ECB meeting. Here is an outlook for the highlights of this week. Final CPI: Tuesday, 9:00. According to the initial figures, the consumer price index rose by 1.3% y/y in June and core CPI advanced by 1.1%. Both figures were better than expected and both will likely be confirmed in the final read, even though ...
Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary. The upcoming week features housing data from the US: building permits and housing starts. Also, watch the Philly Fed Manufacturing Index. Echoes from Yellen’s testimony and the inflation report will likely reverberate.In Japan, we have a rate decision by the BOJ. Kuroda ...
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