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Forex : Trade Breakouts Avoid Fakeouts

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Sanju777 predicted bearish impact of Gross Domestic Product in the Fundamental analysis Contest

Expecting same or less than forecasted value by considering previous history and current market sentiment so bearish for the pair but in long term I bet on EUR because inverted yield curve is usually a sign of an upcoming recession, and while the US seems far from so, is true that the gap between yields has shrunk over the past years and the 10-year note yield was as high as 3.00%, while for the 2-year note, the yield reached a new high since 2008 of 2.547%.

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Sanju777 predicted bullish impact of Claimant Count Change in the Fundamental analysis Contest

Currently pair is in downtrend but actual if we look in to details Pair just now started uptrend so now it's right time to buy the pair and keep for couple of weeks and I am expecting better value by considering previous history and current market sentiment and current economic growth in United Kingdom is much better.
The Bank of England turned dovish in May saying more patience is needed before hiking rates as the UK economy is surrounded by the bulk of uncertainties including Brexit and the economic slowdown with the UK GDP rising 0.1% Q/Q during the first quarter only.

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Sanju777 predicted bearish impact of Gross Domestic Product s.a. in the Fundamental analysis Contest

Expecting less value or same as forecasted value and expecting no volatility so current trend will apply and current trend is down trend so expecting bearish for the pair.US Dollar as the US benchmark Treasury yields approach 3.00% and German first-quarter GDP rose 0.3% Q/Q missing the market forecast. Comments from Cleveland Federal Reserve President Loretta Mester, saying that the Fed might have to raise interest rates above 3% helped limit.

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Sanju777 predicted bearish impact of Interest rate decision in the Fundamental analysis Contest

Expecting no change in the interest rate and RUB is majorly depends on oil price and currently the oil price is good so expecting bearish for USD. Currently market is in uptrend but on this time USD will go down .But later USD will come up because today we have many major news which there are expecting better value so later bullish for the pair.

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Sanju777 predicted bearish impact of Retail Sales ex Autos in the Fundamental analysis Contest

On the same we have multiple news and expecting less than previous months value and expecting missing forcasted value so bearish for the pair.The US Dollar is rising across the board amid higher US yields. Easing US-China trade tensions pushed the US Treasury bond yields higher but it will lead to recession.

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Sanju777 predicted bearish impact of Gross Domestic Product Deflator in the Fundamental analysis Contest

Expecting less than forecasted by considering previous history and current market sentiment is positive towards USD at the same economic growth is bad from JPY which will cost more so I bet on JPY and yields of the key US 10-year note to the area beyond 3.05% On the not so bright side, US headline Retail Sales expanded less than forecasted 0.3% MoM, while Core Sales also expanded below expectations at a monthly 0.3%.

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Sanju777 predicted bearish impact of Industrial Production in the Fundamental analysis Contest

Expecting better value than forecasted value so bearish for the pair but it will be short lived because USD economic is too strong compared to JPY at the movement same time Dallas Fed R.Kaplan (non voter, hawkish) said earlier that the Fed should move to neutral rates, placing them in the 2.5%-3% range.the Empire State manufacturing gauge surprised to the upside at 20.10 for the current month.

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Sanju777 predicted bearish impact of Consumer Price Index in the Fundamental analysis Contest

On same time we have couple of news which are expected to come same as forecasted value by considering previous history so no volatility and currently market is in downtrend and positive sentiment towards USD so I bet on USD.The release of better-than-expected Empire State manufacturing index and a second straight month of growth in the US monthly retail sales suggested that the economy is picking up pace after a slow start to the year which suggests that fed need to increase the rate hike aggressively.