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drishti predicted bearish impact of Reuters/Michigan Consumer Sentiment Index in the Fundamental analysis Contest

Michigan Consumer Sentiment Index showed steady figure as from last few months figure is moving in between 80 to 84. For June, flash data indicating towards contraction, and I expect bearish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Chinese HSBC Manufacturing PMI in the Fundamental analysis Contest

Actual Chinese HSBC Manufacturing PMI declined after posting flash reading of 49.7 in May. Health of Manufacturing sector has deteriorated in each month of 2014 so far. However, total new orders stabilize as new export order growth hits 49 months high. Therefore I expect bullish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

May release of PMI indicated that German Manufacturing PMI improved consecutively in eleventh month, instead of little low reading compared to April. As Output growth eases sharply, but remains above series average, so I expect bullish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Existing Home Sales (MoM) in the Fundamental analysis Contest

Second hand home sales advanced in April by 1.3% and reached to annualized rate of 4.65 Million. Strong employment gains will boost housing market sales. As current expectation is still advancing, so I expect bullish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of IFO - Business Climate in the Fundamental analysis Contest

Business Climate sentiment declined in May, but overall figure is still on rise compared with last year figure. German economic growth is mainly dependent on domestic demand while the Bundesbank estimated slower growth in the coming months. However, instead of economy growth is expected to slower down, I expect bullish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Inflation Report Hearings in the Fundamental analysis Contest

UK economy continues to perform strongly. Unemployment level is below to crisis level and inflation is below but close to BoE 2% target level. In last few months, pay growth has edged up as expected and likely to continue, and also labor market performing well. These all figures indicates that Inflation report hearing will have bullish impact on pair.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Consumer Confidence Index in the Fundamental analysis Contest

Consumer confidence advanced up in May to second highest level since 2008. Stronger employment contributed to consumer spending and increment of consumer confidence. Expectation is for further rise in sentiments, so I expect bullish USD.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Gfk Consumer Confidence Survey in the Fundamental analysis Contest

German consumer sentiments remained up for June posting 8.5 points. Economic expectation is rising sharply, while income expectation declined compared to May. Currently expectation is on rise due to economic expectation growth, so I expect bullish impact on pair.

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

GDP growth is expected to decline according to flash data. The decrease in real GDP in the first quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a positive contribution from personal consumption expenditures. However looking at recent trend of GDP growth, I expect that actual figure will beat estimate of -1.6%, which will be bullish sign for USD.

ramagarwal liked a forecast in Fundamental analysis Contest

drishti predicted bullish impact of Markit Services PMI in the Fundamental analysis Contest

US Markit service PMI rose in sharpest in last two years and output growth hits 26 months high. Last two month figure indicated that rise in new work is fastest since February 2011. These all figures indicates expansion of service sector and also flash estimate is still growing compared to previous previous actual figure, so I expect bullish impact for USD.