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EURSEK for September

Kupidon predicted bullish impact of Consumer Price Index in the Fundamental analysis Contest

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adiray predicted bullish impact of Real Retail Sales in the Fundamental analysis Contest

This is the change in total sales at the retail level in an economy. This data helps economists determine the spending habits of consumers. The Swiss economy hasn’t seen positive data since March and even before then it was scarce. Furthermore the forecast looks grim on the general however it does indicate a smaller drop. The data has not seen consecutive good results in a long time now and this time may be no exception. I think the forecast will be missed and we may see a bullish move in the pair if there is an effect; however it still is a small impact event.

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

The market PMI is a survey statistic base on the answers on purchase managers in the manufacturing industry. This release is he final release which means the impact will be small. Besides, analysts have been adept at predicting the results of the surveys. The euro zone countries are split with some expecting expansion albeit slight and the rest expecting also slight contractions. Generally is see a possibility of further growth due to some good data in September especially for German business confidence so if there is a large effect I expect it will be in the bullish direction.

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

Great Britain has seen good data most of the previous quarter and continues to do so. Just last month the pmi was at a healthy 53.3 and an expansion signal is expected again this month. The data however may fore run the release because it’s such a high impact incident and I expect by the time results are taken it will be stabilizing. However if we get positive e data like I expect we’ll still see a bullish move in gbp/usd. I’m going bullish but the markets seem choppy right now and I’m not sure if this prediction might hold. So bullish with caution!