Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Building Permits in the Fundamental analysis Contest

The number of new building approvals in Australia increased 7.6% last month. I see improving as the recent result was the highest since April, but expectations this month is talking about possibly decrease to -4%.
There are other important news release at the same time, the ANZ job advertisements which decreased to -1% from 0.3% and expected to decrease further to -2.2%.
The business inventories which decreased to -0.9% from 0.7% and expected to decrease further.
The company gross operating profits is expected to decrease to 1.5% from 4.5%.
Bearish for AUD/USD.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

The markit Germany manufacturing PMI increased to 43.8 in November. The indicator showed improving in manufacturing sector after the strong increase recording the high of four months, but manufacturing still in contraction state since January and the indicator still in downtrend, besides it's expected to no changes will be recorded (43.8) this month, I'm voting for bearish on EUR/USD.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of ISM Manufacturing PMI in the Fundamental analysis Contest

The US ISM manufacturing PMI increased to 48.3 last month. It was expected increase after reaching the lowest since July 2009. and after six consicutive decreases. It's expected further increase this month to 49.4.
Other important related indicators, the ISM manufacturing prices paid is expected to increase to 49.9 from 45.5.
The ISM manufacturing employment increased to 47.7 from 46.3 and expected to increase to above the expansion level 50.
The ISM manufacturing new orders increased to 49.1 from 47.3.
The construction spending increased MoM to 0.5% from 0.1%.
I see strong USD currency.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of RBA Interest Rate Decision in the Fundamental analysis Contest

In October meeting, The Reserve Bank of Australia kept the interest rate unchanged at 0.75%.The unemployment rate is low and inflation is growing. bullish impact is expected on AUD/USD.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of ISM-NY Business Conditions Index in the Fundamental analysis Contest

The ISM current business conditions index in New York increased to 47.7 last month. The indicator wasn't performing well as the recent result still near to the lowest level (42.8) since June 2016. In addition, it's expected to decrease this month to 44.7.
Bearish impact is expected on USD/JPY.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of API Weekly Crude Oil Stock in the Fundamental analysis Contest

In the US, API crude oil stock change decreased to 3.639 million last week. It still near the highest level in four weeks (5.954 million) which implies weak demand on oil and products, so crude prices will decrease.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Gross Domestic Product in the Fundamental analysis Contest

The GDP growth of the Australia's economy grew 0.5% last quarter. It was the second consecutive increase and high of three quarters, but expectations are stepping aside this quarter by expecting the same value as the recent 0.5%.
Other important related indicators recorded slow growth, the GDP YoY which decreased to 1.4% from 1.8%, the GDP capital expenditure which decreased to strongly to -1.7% from -0.7%, and finally the GDP chain price index which decreased to 1.2% from 1.3%. Bearish for AUD/USD.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of Markit PMI Composite in the Fundamental analysis Contest

The Eurozone markit composite decreased to 50.3 in November. It was near the lowest level (50.1) since July 2013. Despite of expectations about decrease might be recorded to 50.2, the business in Eurozone still in expansion state sine more than six years, and expectations also still above 50 level.
Other related important indicator is expected to improve, the Eurozone markit services which expected to increase 51.8 from 51.5.
Bullish for EUR/USD.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of ADP Employment Change in the Fundamental analysis Contest

In the US, the ADP Employment decreased to 125 thousand workers last month. Despite of expectations about possible increase to 138 thousand workers this month, the indicator still under the strong level (lower than 160 thousand workers) for several month. I see bearish on USD/JPY.

Yuliabarlit liked a forecast in Fundamental analysis Contest

engabood predicted bullish impact of BoC Interest Rate Decision in the Fundamental analysis Contest

In October 2019, the Bank of Canada kept the interest rate unchanged at 1.75%. It's expected to leave the interest rate at the same level 1.75% this meeting amid fears or ongoing trade conflicts.
In addition, the expectations of possible slow growth of CPI inflation in the next year will drag the CAD currency down. Bullish impact is expected on USD/CAD.