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engabood predicted bearish impact of NY Empire State Manufacturing Index in the Fundamental analysis Contest

The US NY empire state manufacturing index increased to 12.9 last month. Despite of expectations about a decrease might be recorded to 8.7, the indicator was performing well as the last result increased strongly reaching the highest level since May 2019.
Bearish for EUR/USD.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of REINZ House Price Index in the Fundamental analysis Contest

The New Zealand REINZ house price index (MoM) decreased to 0.3% last month. The indicator showed weakness in housing prices as the last result was the second consecutive decrease and the lowest of five months.
Other important indicator release at the same time, the New Zealand westpac consumer survey which is expected to decrease to 104 from 109.9.
Bearish for NZD/USD.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of House Price Index in the Fundamental analysis Contest

The Australia's house price index QoQ increased to 2.4% last quarter. The indicator showed growth in house prices as the last result increased strongly and was the second consecutive increase reaching the highest since the fourth quarter of 2017. In addition, it's expected to increase to 4.8% this quarter. On YoY, the indicator also increased to -3.7% from -7.4%.
Bullish for AUD/USD.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of ILO Unemployment Rate in the Fundamental analysis Contest

In the UK, the unemployment rate stood at 3.8% last month. Despite of expectations about an increase might be recorded to 3.9%, the indicator is strong and still at the lowest level since years. The Claimant count rate decreased to 3.4% from 3.5%, and the Claimant count change decreased to 5.5 thousand from 14.9 thousand.
The average earnings excluding bonus is expected to increase to 3.3% from 3.2%, and the average earnings including bonus is expected to increase to 3% from 2.9%.
Bullish for GBP/USD.

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engabood predicted bullish impact of Labor Cost in the Fundamental analysis Contest

The Eurozone labor cost decreased to 2.6% last quarter. It was normal decrease after reaching the highest level since March 2012. It's expected to increase this quarter to 3%.
Other important indicators release at the same time, The Eurozone Zew economic sentiment which expected to increase to 35.4 from 10.4, and the Germany Zew economic sentiment is expected to increase to 17.7 from 8.7.
Bullish for EUR/USD.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Retail Sales in the Fundamental analysis Contest

In the US, the retail sales stood at 0.3% last month. It's expected to decrease to 0.2%. The retail sales excluding autos also decreased to 0.3% from 0.7% and expected to decrease to 0.2% from 0.3%.
Bearish for USD/JPY.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Industrial Output in the Fundamental analysis Contest

Industrial output in Russia decreased to 1.1% last month, from 2.1%. Despite of expectations about an increase might be recorded to 1% this month, the indicator was performing well as the indicator above zero level for two years.
Bearish for USD/RUB.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Merchandise Trade Balance Total in the Fundamental analysis Contest

The Japan's merchandise trade balance total decreased to -1313.2 billion JPY last month. IT's expeced to increase 426.7 billion JPY, as a correction up after the last strong decrease reaching the lowest since February 2019.
The adjusted merchandise trade balance is expected to increase -110.9 billion JPY from -224.1 billion JPY.
Bearish for USD/JPY.

Eco liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Consumer Price Index in the Fundamental analysis Contest

In Eurozone, the inflation rate MoM decreased to -1% in February. Despite of expectations about an increase might be recorded this month, the indicator was performing negatively after the strong decrease reaching the lowest level since February 2019.
On YoY, the indicator also decreased to 1.2% from 1.4%.
The core inflation rate also decreased sharply to -1.7% from 0.4%.
Bearish for EUR/USD.