WEEKLY REPORT
Market analysis
Date: Monday, 1st of August 2016
Date: Monday, 1st of August 2016
Highlights:
- EUR/USD : Gains ground after E.Z. inflation report
- GBP/USD : Loses momentum after hitting 1.3300
- USD/JPY : Yen tumbles 1% on Japan stimulus reports
- USD/CAD : Erases gains after U.S., Canadian GDP data
- Gold : Soars to 2-week high as dollar falls amid weak U.S GDP
- Crude Oil : Falls to fresh 3-month lows amid supply glut worries
- EUR/USD : Gains ground after E.Z. inflation report
- GBP/USD : Loses momentum after hitting 1.3300
- USD/JPY : Yen tumbles 1% on Japan stimulus reports
- USD/CAD : Erases gains after U.S., Canadian GDP data
- Gold : Soars to 2-week high as dollar falls amid weak U.S GDP
- Crude Oil : Falls to fresh 3-month lows amid supply glut worries
MAJOR DATA COMING OUT THIS WEEK (Time zone GMT)
| Date | Time | Event | Forecast | Previous | |
| 7/31/2016 | All Day | AUD | Bank Holiday | ||
| 8/1/2016 | 1:00am | CNY | Manufacturing PMI | 50.1 | 50 |
| 8/1/2016 | 1:00am | CNY | Non-Manufacturing PMI | 53.7 | |
| 8/1/2016 | 1:15am | USD | FOMC Member Dudley Speaks | ||
| 8/1/2016 | 1:45am | CNY | Caixin Manufacturing PMI | 48.8 | 48.6 |
| 8/1/2016 | All Day | CHF | Bank Holiday | ||
| 8/1/2016 | 7:15am | EUR | Spanish Manufacturing PMI | 51.6 | 52.2 |
| 8/1/2016 | 8:30am | GBP | Manufacturing PMI | 49.1 | 49.1 |
| 8/1/2016 | All Day | CAD | Bank Holiday | ||
| 8/1/2016 | 2:00pm | USD | ISM Manufacturing PMI | 53.1 | 53.2 |
| 8/2/2016 | 1:30am | AUD | Building Approvals m/m | 0.90% | -5.20% |
| 8/2/2016 | 1:30am | AUD | Trade Balance | -2.00B | -2.22B |
| 8/2/2016 | 3:00am | NZD | Inflation Expectations q/q | 1.60% | |
| 8/2/2016 | 4:30am | AUD | Cash Rate | 1.50% | 1.75% |
| 8/2/2016 | 4:30am | AUD | RBA Rate Statement | ||
| 8/2/2016 | 7:00am | EUR | Spanish Unemployment Change | -70.0K | -124.3K |
| 8/2/2016 | 8:30am | GBP | Construction PMI | 44.2 | 46 |
| 8/2/2016 | 12:30pm | USD | Core PCE Price Index m/m | 0.10% | 0.20% |
| 8/2/2016 | 12:30pm | USD | Personal Spending m/m | 0.30% | 0.40% |
| 8/2/2016 | Tentative | NZD | GDT Price Index | 0.00% | |
| 8/3/2016 | 1:45am | CNY | Caixin Services PMI | 52.9 | 52.7 |
| 8/3/2016 | 8:30am | GBP | Services PMI | 47.4 | 47.4 |
| 8/3/2016 | 12:15pm | USD | ADP Non-Farm Employment Change | 171K | 172K |
| 8/3/2016 | 2:00pm | USD | ISM Non-Manufacturing PMI | 56 | 56.5 |
| 8/3/2016 | 2:30pm | USD | Crude Oil Inventories | 1.7M | |
| 8/4/2016 | 1:30am | AUD | Retail Sales m/m | 0.30% | 0.20% |
| 8/4/2016 | 11:00am | GBP | BOE Inflation Report | ||
| 8/4/2016 | 11:00am | GBP | MPC Official Bank Rate Votes | 0-9-0 | 0-1-8 |
| 8/4/2016 | 11:00am | GBP | Monetary Policy Summary | ||
| 8/4/2016 | 11:00am | GBP | Official Bank Rate | 0.25% | 0.50% |
| 8/4/2016 | 11:00am | GBP | Asset Purchase Facility | 375B | 375B |
| 8/4/2016 | 11:00am | GBP | MPC Asset Purchase Facility Votes | 0-0-9 | 0-0-9 |
| 8/4/2016 | 11:30am | GBP | BOE Gov Carney Speaks | ||
| 8/4/2016 | 12:30pm | USD | Unemployment Claims | 265K | 266K |
| 8/4/2016 | 2:00pm | USD | Factory Orders m/m | -1.80% | -1.00% |
| 8/5/2016 | 1:30am | AUD | RBA Monetary Policy Statement | ||
| 8/5/2016 | 6:00am | EUR | German Factory Orders m/m | 0.50% | 0.00% |
| 8/5/2016 | 7:00am | CHF | Foreign Currency Reserves | 609B | |
| 8/5/2016 | 7:30am | GBP | Halifax HPI m/m | -0.10% | 1.30% |
| 8/5/2016 | 12:30pm | CAD | Employment Change | 10.2K | -0.7K |
| 8/5/2016 | 12:30pm | CAD | Trade Balance | -2.6B | -3.3B |
| 8/5/2016 | 12:30pm | CAD | Unemployment Rate | 6.90% | 6.80% |
| 8/5/2016 | 12:30pm | USD | Average Hourly Earnings m/m | 0.20% | 0.10% |
| 8/5/2016 | 12:30pm | USD | Non-Farm Employment Change | 180K | 287K |
| 8/5/2016 | 12:30pm | USD | Unemployment Rate | 4.80% | 4.90% |
| 8/5/2016 | 2:00pm | CAD | Ivey PMI | 51.9 | 51.7 |
Disclaimer
√ Moving Average Convergence/Divergence (MACD) : MACD uses different exponential moving averages to generate buy and sell indicators. The lower pane of the chart shows two lines: a Differential Line and a Signal Line. The Differential Line is the difference between a short and long-period exponential moving average, typically 12 and 26 periods. The Signal Line is typically a 9-period exponential moving average. When the DL crosses the SL from above, a sell indicator is generated, and when it crosses from below a buy signal is generated.
√ Relative Strength Index (RSI): This is a momentum indicator that measures a security\'s price in relation to itself. The lower pane of the chart shows a line that fluctuates on a scale of 0 to 100. Typically buy signals are generated at 30 and sell signals are generated at 70. If the line breaks 30, the security is oversold, and a reversal is imminent. If the line breaks 70, it is overbought and is due for a downward correction.
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