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Fundamental and Technical Outlook: EUR/GBP

Fundamental Outlook: EUR/GBP

During the Asia-Pacific session, Australian Retail Sales beat estimates at 0.5% versus expectations of 0.3%. This had an overall muted reaction on AUD with the Asia-Pacific session remaining relatively quiet ahead of today’s NFP report. Continued strength in oil prices saw CAD remain supported with USDCAD having tested the 1.3300 handle, while a slight risk-off tone saw USDJPY break briefly below the 114.00 handle and yesterday’s lows.…

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Switzerland GDP Stalls

👤Xinyang 🕔December 2, 2016

News Event

From Trading Economics: Switzerland’s economy unexpectedly showed no growth on the quarter in the September quarter of 2016, compared to a 0.6 percent growth in the previous three month while market expected a 0.3 percent expansion. While domestic demand supported the economy, the trade balance had a downward effect to growth.…

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Australian Retail Sales On 3 Months Continuous Rise

👤Arthur Greene 🕔December 2, 2016

Australian retail sales beat expectations for a third consecutive month in October, an encouraging sign for the economy heading into Christmas.

The retail sales rose at a seasonally adjusted 0.5% to $25.616 billion, following a gain of 0.6% in September that was the fastest in over a year, the national statistics bureau reported Friday.…

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Australia Retail Sales Rise More than Expected

👤Xinyang 🕔December 2, 2016

News Event

From Trading Economics: Retail sales in Australia rose 0.5 percent month-on-month in October of 2016, compared to a 0.6 percent gain in September. It was the third straight month of gain and above market estimates of a 0.3 percent rise, driven by sales in food retailing (+0.6 percent from +0.2 percent in the prior month), other retailing (+0.8 percent from -0.1 percent), household goods retailing (+0.7 percent from 2.3 percent), retailing (+0.6 percent from +0.2 percent), and cafes, restaurants and takeaway food service (+0.4 percent from 1.0 percent ).…

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U.S Weekly Initial Unemployment Claims Intensifies
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👤Arthur Greene 🕔December 1, 2016

The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market.

In the week ending November 26, the advance figure for seasonally adjusted initial claims was 268,000, an increase of 17,000 from the previous week’s unrevised level of 251,000.…

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U.S. Manufacturing PMI Shows Strongest Rate Growth Since March 2015

👤Arthur Greene 🕔December 1, 2016

November data pointed to a sustained acceleration in U.S. manufacturing growth, with production volumes and incoming new work both rising at the fastest pace since March 2015. Stronger demand patterns, especially from domestic clients, resulted in greater input buying and increased payroll numbers across the manufacturing sector.…

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Eurozone Unemployment Rate Decreases In October

👤Arthur Greene 🕔December 1, 2016

Eurozone unemployment rate declined to the lowest in more than eighty- seven months in October, reflecting strong momentum in the labor market despite weak economic growth.

The Eurozone unemployment rate declined to 9.8% for October from a revised 9.9% for September, which was originally reported as 10.0% and was also lower than the consensus forecast of 10.0% for the month.…

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Fundamental and Technical Outlook: CAD/JPY

👤Xinyang 🕔December 1, 2016

Fundamental Outlook: CAD/JPY

During the Asia-Pacific session, Australian Capex data added to the recent slew of poor Australian data, missing on expectations at -4.0% q/q versus -3.0% expected. Chinese Manufacturing PMI beat expectations at 51.7 versus 51.0 expected with Caixin Manufacturing PMI printing in-line with expectations at 50.9.…

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China Factory Activity Growth Fell in November

👤Xinyang 🕔December 1, 2016

News Event

From Trading Economics: The Caixin Manufacturing PMI in China fell to 50.9 in November of 2016 from 51.2 in October but slightly higher than market consensus of 50.8. It was the fifth straight month of expansion, as output and new orders rose at a slower pace while new export orders were broadly stable and companies continued to shed staff, though at the weakest pace in 18 months.…

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U.S Weekly Initial Unemployment Claims Intensifies
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