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FXRabbit has sent you a Valentine's card in the Valentine's Contest

Let us cherish and celebrate this beautiful day dedicated to our mutual love: Dear FOOD!

On a second thought, please just keep the box of chocolates :D


*(In smallest print) Warning: You may find the box empty!*

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FXRabbit predicted bearish impact of ANZ Job Advertisements in the Fundamental analysis Contest

The Australia and New Zealand Banking Group Job Advertisements report has almost a very low impact on the strength of the AUD/USD pair. As for this report itself, I do not think it will be any positive percentage.

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FXRabbit predicted bullish impact of Caixin China Services PMI in the Fundamental analysis Contest

China's Caixin Services PMI report has posted better than expected results back-to-back for its past 3 releases, with the latest 53.9 for the month of January 2018 beating all the other releases from 2017. The forecast for this month's data which is expected to be at 53.6 will yet be another best figures and a sign of a strong first quarter of 2018. Should we see anything lower than the forecast but still above the 53 level, it should still be taken bullish. New Zealand as being one of the bigger trading partner of China should benefit from a strong Chinese economy.

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FXRabbit predicted bearish impact of Markit PMI Composite in the Fundamental analysis Contest

At the time of the Eurozone's Composite PMI report for January, the Eurozone Services PMI is due as well. Also, within the hour prior to the release of these two reports; the Spanish, Italian, French & German Services PMI reports were released as well, which on average were much better than their forecast. Nonetheless, the German 10 year bond yields has also risen to highest since Sept 2015, making the Euro's even more attractive for investors.
Giving a consideration to all these factors, I am optimistic that the EUR/USD will further appreciate as the day goes further.

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FXRabbit predicted bearish impact of Markit Services PMI in the Fundamental analysis Contest

UK's Services PMI is given a lot of consideration by the investors as being one of the key events out of the UK. Personally, I believe that this survey lacks accuracy since all surveys are prone to an error margin. Nonetheless, when it comes to UK's Services PMI report, it is scaled on the figure of 50, where expansion is recorded as being above the 50 level and contraction below it. Since on average 9.5 times out of 10, this data is always above the 50 level, much of the market reaction really falls on whether the forecast is met or missed & I believe this time it will be missed!

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

At the time of the US's Markit Services PMI, the Markit Composite PMI for January is due too, which is mostly in line with its forecast and the actual release of the data may not be that surprising. But on the other hand, the Services PMI has been averaged very poorly over the past some months and this trend may continue for some more time to come. While expectations are for a slight improvement for this news release, it is still not as good that can boost the US$ for now.

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FXRabbit predicted bullish impact of ISM Non-Manufacturing PMI in the Fundamental analysis Contest

US's Non-Manufacturing PMI has been short of its forecast twice in a row for the past two months' releases and due to this fact, the forecast for this month's news release has been projected much lower in hopes of getting the actual figures somewhere close enough to its forecast. However, since this event will be judged based on the strength of the US$ against the Euro, I believe that the Eurozone's economy is by far exceeding that of the US and there is a much greater potential for the EUR/USD to the upside in the weeks and months ahead.

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

During the time of the release of Australia's Trade Balance, their Retail Sales (MoM) & (QoQ) reports are due as well, which weighs more importance for the strength of the AUD$. Australia did posted one of its highest gains of Retail Sales (MoM) recently, coming at 1.2% compared to its forecast of 0.4% for the month of Dec 2017. Though the Trade Balance has posted worse than expected figures during the past two releases, there is hope that the actual numbers this time around will be in the positive territory once again. Giving a consideration to both these events, I am optimistic for AUD/USD.

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FXRabbit predicted bearish impact of RBA Interest Rate Decision in the Fundamental analysis Contest

Australia's inflation rate has grown steadily in 2017 but it is still below their target rate of 2 to 3%. Therefore, there is no reward in raising their interest rate at this time, especially given the existing current strength of the AUD$, which should appreciate even more in the coming weeks as the US$ struggles and their is no clear path to any reduction of US debt. Moreover, investors will be more interested for getting clues from the RBA rate statement, which should limit any bearish impact on the AUD/USD pair.

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FXRabbit predicted bearish impact of International Merchandise Trade in the Fundamental analysis Contest

At the time of the release of Canada's International Merchandise Trade data, the Trade Balance will be published too, which I believe both will be worse than their forecast given the recent surge in the Canadian dollar that has direct effect on exports; making them less profitable and the imports more expensive. However, given the recent surge in the US$ & the steady price of Crude oil, along with the near full negotiations of the NAFTA, I am hopeful that investors will realize the potential strength of the Canadian dollar in the long term & take advantage of this opportunity to buy the CAD$.