Forex market outlook for the week january 16 – 20, 2017

Last week the dollar was under pressure and trading was turbulent. South florida business brokers President elect Trump gave a press conference and is scheduled to the assume office during the course of the upcoming week. Sunbelt business brokers mn In the first press conference after his election victory, Trump did not mention about fiscal stimulus.

Cafe business brokers This is a cause of worry for markets. Ohio business brokers As a result, the dollar lost some ground. Business brokers charlotte On the other hand, the US Consumer Sentiment stood at 98.1 in January as analysts expected. Business brokers international Retail sales rose by 0.6 percent on an increase in demand for autos. Vested business brokers ltd Further, producer prices climbed 0.3 percent following a 0.4 percent increase in the previous month. Best business brokers Overall, the recent economic data releases point towards a strong growth in the final quarter of 2016. Florida business for sale by owner In the coming week, the releases include speeches by Mark Carney and Janet Yellen, Inflation data from the UK and the US, Employment data in the UK and Australia and rate decisions in Canada and the euro-zone.

Governor of the UK central bank Mark Carney is scheduled to speak in London. Business brokers iowa He said last week that the central bank will most likely improve its economic forecast in the coming month despite concerns about the Brexit. Illinois business brokers Market volatility can be expected.

In the UK, consumer prices rose in November by 1.2 percent from 0.9 percent in October, driven by a sharp increase in petrol and clothing. Business brokers pa However, the decline in sterling in the recent times is likely to further increase clothing inflation during the course of the year. Southeast business brokers If the sterling continues to remain weak, the increase in raw material prices will affect consumer spending. Maine business brokers The Bank of England expects that inflation will continue to rise during 2017 to 2.7 percent and remain above the 2 percent target until 2020.

The GDT price index, which represents the weighted-average price of nine dairy products that are sold at auction every 2 weeks, fell by 3.9 percent in the auction held on January 3, 2017.

In November, the UK’s employment data came in weaker than expected. Business brokers australia The number of people filing for unemployment benefits rose by 2,400 to 809,000. Business brokers omaha Further, the employment rate slipped to 74.4 percent during the three months to October. Better business brokers This showed that the UK market is losing momentum because of the EU referendum.

Meanwhile, the average earnings picked up more than expected to 2.6 percent, or 2.5 percent excluding bonuses. Business brokers india However, the number of people that are out of work, but considered economically inactive, increased by 76,000 over the period to 8.9 million.

In the US, the consumer prices rose at a slower pace in the month of November. Business brokers houston However, the underlying trend showed inflationary pressures amid rising rents. Business brokers canada In the US, consumer prices rose 0.2 percent, in line with analysts’ forecast, following a 0.4 percent increase in October. Florida business brokers license Core CPI also increased 0.2 percent in November. Business brokers raleigh Forecast for December: CPI 0.3 percent and Core CPI 0.2 percent, respectively.

The Canadian central bank did not change its overnight rate at the meeting held in December. Business brokers indiana Though there is an improvement in global economic conditions, uncertainty continues to be high and this has badly affected business confidence as well as investment. Business brokers texas Forecast for January is the same 0.5 percent. South florida business for sale The Bank of Canada will release the monetary policy report and hold a press conference following the interest rate announcement.

In Australia the number of jobs increased by 39,100 in the month of November. Michigan business brokers It is expected that 10,200 new jobs would be added in December. Business brokers illinois On a seasonally adjusted basis, unemployment rate increased to 5.7 percent in the month of November from 5.6 percent in the previous month. Business brokers hawaii The reading came in slightly above the market consensus, but was the highest since August. Vested business brokers complaints Forecast for December: 5.7 percent.

The European Central Bank maintained the minimum bid rate at 0.0 percent in the December meeting, but cut down asset purchases to 60 billion euros per month from the current 80 billion euros. Sacramento business brokers The bank has also prolonged the bond-buying program by nine months to end of 2017. Business brokers south florida The ECB will hold a press conference following the rate announcement. Just business brokers Forecast for January: 0.0 percent.

The number of building permits issued in November in the US shrank by 4.7 percent to 1.20 million units, but remained above the 1.20 million units level for the third straight month. Utah business brokers Economists expect that housing will continue to grow in spite of the rising mortgage rates. What do business brokers do Forecast for December: 1.22 million units.

In the Philadelphia area, manufacturing activity weakened in December to 0.9 from 1.5 points in November. Georgia business brokers New orders remained positive and the 6-month outlook for new orders also rose by 18 points to 40.1. Business brokers virginia Forecast for January: 16.3.

The number of American people filing for unemployment benefits remained low in spite of the 10,000 increase recorded last week. Florida business brokers association Forecast for the next reporting period: 252,000.

US crude oil stocks increased 4.1 million barrels in the week that ended January 6, 2017. Sun business brokers Analysts’ expectation was that stocks would increase by 0.9 million barrels. Texas business brokers Oil prices dropped last week and the trend is likely to continue amid worries about the OPEC deal and expectations for higher US output.

China’s economy grew by 6.7 percent in the third quarter of 2016, keeping up the momentum in the prior two quarters. Atlanta business brokers The reading came in as analysts expected and the growth was driven by an increase in fixed asset investment, government spending and retail sales. Canadian business brokers China is expected to keep up the pace of growth in the fourth quarter as well.

In China, industrial production grew 6.2 percent on year-on-year basis in November after increasing 6.1 percent in the previous two months. Sunbelt business brokers lafayette la The reading also came in slightly above the market consensus of 6.1 percent. The business brokers Industrial production grew at the fastest rate since August. Sunbelt business brokers houston Forecast for December: 6.1 percent.

In the UK, retail sales increased 0.2 percent in November following a downwardly revised 1.8 percent increase in October. Business brokers wisconsin The reading was in line with market expectations. Medical business brokers Forecast for December: -0.1 percent.