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Ziyabash predicted bullish impact of Producer Price Index (MoM) in the Fundamental analysis Contest

In my opinion, i think the forecast is too pessimistic for the best economic country in the euro zone, considering the increase in retail sales last month by 1.4% and increase in the consumer spending and a steady inflation. Im rather bullish on the EUR.

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Ziyabash predicted bullish impact of Wholesale Sales (MoM) (Jul) in the Fundamental analysis Contest

The wholesale sales has a low impact on the USDCAD pair, the wholesale sales number bounced last month and is expected to decrease, also considering the dollar is currently consolidating the FED meeting minutes, im bullish on the dollar

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Ziyabash predicted bullish impact of Existing Home Sales (Aug) in the Fundamental analysis Contest

The existing home sales figures have been increasing during the last 3 months,the housing sector in the US is doing well. I expect to see bullish impact.

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Ziyabash predicted bearish impact of Public Sector Net Borrowing (Aug) in the Fundamental analysis Contest

In July the Public Sector Net borrowing was a surplus of -2.07B due to increase in revenue from income tax, and according to the forecast a Budget deficit of 8.65B is expected which would mean a decrease in revenue and could put the Sterling under pressure. Bearish

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Ziyabash predicted bearish impact of Housing Price Index (MoM) in the Fundamental analysis Contest

After seeing a slight decrease in the existing home sales yesterday, and the consecutive fall in price index over the last four months, i do not think that the consensus would be met, but considering the dovish comments from ECB and yesterday's 1% fall in EUR, im bearish on EUR.

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Ziyabash predicted bullish impact of Caixin Manufacturing PMI in the Fundamental analysis Contest

The Preliminary release of Caixin Manufacturing PMI is expected to inch up slightly to 47.5, the previous Final PMI figure of 47.3 has been the lowest since March, although there are lingering worries about the Global slowdown due to China and PBOC's intervention to steady the yuan, i expect to see the Manufacturing PMI to provide some support to the AUD and GOLD.

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Ziyabash predicted bearish impact of German Manufacturing PMI (Sep) in the Fundamental analysis Contest

Considering the recent shift in the ZEW sentiments and Business climate which saw the sentiments decline, and also the German Manufacturing PMI is expected to decline as well, so I stand with the bears on the EUR

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Ziyabash predicted bullish impact of Core Retail Sales (MoM) (Jul) in the Fundamental analysis Contest

The previous two retail sales figures have been positive, June the sales rose 0.8% and in May 0.9% which was revised to 0.8% later, i think that the retail sales will fall for july considering the rise in jobless number.

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Ziyabash predicted bullish impact of Manufacturing PMI (Sep) in the Fundamental analysis Contest

The previous Manufacturing data was slightly better than the forecast and it is expected to be the same as the previous this month. I will go with the consensus and expect bullish impact on USDJPY

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Ziyabash predicted bearish impact of Trade Balance (MoM) in the Fundamental analysis Contest

After the recent interest rate cut the NZD dollar seems to be controlled by the bears, and the trade deficit is expected to increase, so i will stand with the bears on this one.