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Do you Make these Mistakes on Daily Trading?

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Yellen Enhance the Likelihood of a Rate Hike in December

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Mani predicted bullish impact of Trade Balance in the Fundamental analysis Contest

New Zealand is a small and agile economy yet not immune to sometimes adverse market forces. Lower national income due to the price fall in dairy and relatively high exchange rate are just two challenges that the country has to cope with.Trade balance during the last years and to see a further reduction of the deficit would have to see further weakness of the Australian dollar, this month a lower deficit is expected which would be positive for the Australian economy, so I expect a bullish impact.

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

National consumer Price index will be published along with sever macro data from Japan at the same time like National CPI.The indicator came in at -0.4% in October which has been tenth negative reading in a row and tenth in the past twelve months. The risk, however, is to the upside, particularly if the pair extends its rally towards 112.5 throughout the week.Core consumer prices also fell 0.5 percent from a year earlier, similar to August's figure. It was the seventh consecutive month of drop and matching estimates.

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Mani predicted bullish impact of Gross Domestic Product in the Fundamental analysis Contest

U.K. reports three versions of its quarterly GDP report. While not complete, the preliminary version impacts price the most as it usually gives a good enough estimate of the economy's performance in the reported quarter. National Institute of Economic and Social Research makes separate GDP estimates each month and they have been quite accurate.we will see some important correction in the final reading of the UK gdp growth in Q2 . In that trimester the UK's economy increased by 2.3% , better than the previous quarter thank to the industrail production that recorded the bigger gain since 1999.

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

This is an index statistic based on a survey of consumers asking them to rate the relative level of economic conditions. financial confidence affects consumer expenditure which is a major economic driver. the index has seen negative numbers since April. Last value -6.1 likely will remain, analytics gives same numbers. Seems, that market mood in this minute will define price and forms of pair.I think the overall aftermath will not be too favourable and will impact the euro in a Bullish

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My Perspective for 3 Forex Pairs and some Tidbits- 23/11/16.

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