GBP/USD Daily Forecast - 30 July

There were no major data releases from the UK on Friday. Michel Barnier has warned that attempts to appeal to EU leaders over his head were a waste of time as he rejected Theresa May’s proposals on customs after Brexit, in effect killing off the Chequers plan. On Friday Theresa May travels to Austria to meet Chancellor Sebastian Kurz and the Czech prime minister Andrej Babis, before heading off on her summer holiday. “Anyone who wants to find a sliver of difference between my mandate and what the heads of government say they want are wasting their time, quite frankly,” he told reporters at a joint press conference with the new Brexit secretary, Dominic Raab, in Brussels.


AUD/USD Daily Forecast - 30 July

Friday’s session brought Australian PPI figures. Australian PPI rose 0.3% in the June quarter 2018. This was mainly due to rises in the prices received for Heavy and civil engineering construction (+1.5%), Building construction (+1.2%) and Petroleum refining and petroleum fuel manufacturing (+11.9%). Rise was partly offset by falls in the prices received for Other agriculture (-2.9%), Fishing (-18.9%) and Professional and scientific equipment manufacturing (-2.3%). PPI rose 1.5% through the year to the June quarter 2018.


GBP/USD Daily Forecast - 17 July

The GBP/USD is trading around the 1.325 level ahead of Tuesday’s London markets, which sees a showing from two key central bankers in the upcoming sessions. The Bank of England’s (BoE) Mark Carney, alongside the BoE Deputy Governor Jon Cunliffe, will be delivering statements to the UK’s Treasury Select Committee regarding the Financial Stability Report, and traders will be keeping their eyes peeled for hints about the central bank’s forward-looking plans.


AUD/USD Daily Forecast - 17 July

The Australian and New Zealand Dollars are trading slightly higher early Monday as investors await the release of a slew of economic data from China. The data includes reports on Gross Domestic Product, Fixed Asset Investment, Industrial Production, Retail Sales and the Unemployment Rate. There will also be a NBS Press Conference. The reports are expected to be released at 0200 GMT. At 0130 GMT, the AUD/USD is trading .7427, up 0.0002 or +0.04% and the NZD/USD is at .6772, up 0.0005 or +0.09%. Increased demand for higher risk assets are helping to underpin the Aussie and Kiwi, however, firmer U.S. Treasury yields may be capping gains.


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