Ne_juli points

Ne_juli points

Ne_juli liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of Credit Card Spending in the Fundamental analysis Contest

Credit Card Spending is closely correlated with consumer spending and confidence. It measures the change in the credit card spending by individuals.
The recent reading decreased to 4.5% last month, it was the third month of decrease consecutively, I expect correction up to higher value around 6%.
I expect bullish impact on NZD/USD.

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

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period.
Trade balance in New Zealand increased last month to -5,480 million NZD, It was the highest since December 2018, and the second month of increase after three months of decrease consecutively. I expect rebouncing again to downtrend this month to reach value around -6,000 million NZD.
I expect bearish impact on NZD/USD.

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engabood predicted bullish impact of BoJ Monetary Policy Meeting Minutes in the Fundamental analysis Contest

In June meeting, The Bank of Japan left its interest rate unchanged at -0.1%. I think nothing new will be adding this meeting but the intentions still looking ahead towards interest rate cuts this year.
I expect bullish impact on USD/JPY.

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engabood predicted bullish impact of Consumer Confidence in the Fundamental analysis Contest

Conference Board (CB) Consumer Confidence is a leading indicator of consumer spending, which plays a major role in overall economic activity. It measures the level of consumer confidence in economic activity.
Consumer optimism in the U.S. increased to 125.6 last month. it was the higest since years, I expect the next value will be a correction down to lower value to around 118.
I expect bullish impact on EUR/USD.

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engabood predicted bullish impact of RBNZ Interest Rate Decision in the Fundamental analysis Contest

In last May meeting, The Reserve Bank of New Zealand lowered its interest rate to 1.5%. I think there will be no changes will be taken this meeting as the the rate has just been lowered recently.
I expect bullish impact on NZD/USD.

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engabood predicted bearish impact of EIA Crude Oil Stocks Change in the Fundamental analysis Contest

The level of inventories influences the price of petroleum products, which can have an impact on inflation. The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms.
Last week, the recent value decreased to -3.106 Million barrel after several weeks of increase in positive level. I expect the next value will be in positive level this week to around 5.000 Million barrel.
I expect bearish impact on USD/CAD.

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

Retail Sales is the key indicator of consumer spending, which accounts for the majority of overall economic activity. It measures the change in the total value of inflation-adjusted sales at the retail level.
Retail sales in Japan decreased to 0.5% last month. The indicator is performing well since November 2017 as the results came above Zero level. I expect continue this behavior this month to higher value around 1.3%.
I expect bearish impact on USD/JPY.

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engabood predicted bearish impact of ANZ Activity Outlook in the Fundamental analysis Contest

The Business Outlook is a monthly sample survey with around 700 respondents. It is designed to provide a snapshot of business opinions regarding the expected future state of their business and the New Zealand economy overall.
Last month, the recent value increased to 8.5%. It was the second increase this year, and I expect the next value will be a decrease to lower value to around 6% as the indicator wasn't performing well since June 2017.
I expect bearish impact on NZD/USD.