Category: April

Market Analysis 23-27 April

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Bullish

Focal point this week will be FOCM meeting on Wednesday. I don’t expect changes to the economic growth or policy rates to change. It is expected to see lower unemployment forecast. Near term inflation forecast should be higher due to rising oil prices. Mid term forecast should remain still below 2% pa. The growth in personal consumption is seeing to be weaker despite stronger retail sales.

Potential currency movers:

Tuesday house prices, new home sales, consumer confidence, Fed manufacturing;
Wednesday FOCM policy decision, durable good orders; Bernanke speaks;
Thursday jobless claims, home sales;
Friday GDP;

AUD/USD Direction this week: Bearish

CPI is projected to be weaker then expected. Aussie will respond to strengthening of USD this week.

Potential currency movers:

Tuesday CPI;

AUD/JPY Direction this week: Bearish

It is expected to initiate further policy easing by BoJ however there is a risk of BoJ decline further easing which could cause a rapid price reaction.

Friday CPI, BoJ policy easing, industrial production;

 

Marius Mass
Green trades…
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Market Analysis 10-13 April

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Range Bound

It is expected to see ranging of the currency this week. Primary focus of speculators is the anticipated Fed monetary policy announcement.
 
 
Potential currency movers:
 
Tuesday wholesale inventories, Lockhart speaks;
Thursday producer prices, jobless claims, trade balance, Dudley, Lockhart, Raskin speaks;
Friday consumer prices, consumer confidence, Bernanke, Dudley speaks;

AUD/USD Direction this week: Range bound

This currency pair is like to range this week being influenced mainly by Chinese economic events. It is expected to see positive tone of Chinese data which should have positive influence on the pair.

Potential currency movers:

Tuesday housing finance;
Thursday employment;
Friday China GDP, China industrial production, China retail sales;

AUD/JPY Direction this week: Bullish

The risk of further policy loosening announced Bank of Japan, dovish BoJ meeting statement, advantageous yield and positive Chinese data will have positive influence on AUD/JPY currency pair.

Friday CPI, Industrial production;
Marius Mass
Green trades…
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Market Analysis 2–6 April

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Bullish

Market anticipation is very positive about this currency and It is expected to see uptrend of the currency this week due to positive data, specifically ISM and payrolls report and FOCM minutes.
 
 
Potential currency movers:
Monday ISM, Bullard, Pinalto speaks;
Tuesday factory orders, FOCM, Williams speaks;
Wednesday ADP, ISM non-manufacturing, Williams speaks;
Thursday jobless claims, Bullard speaks;
Friday NFP;

AUD/USD Direction this week: Range bound

It’s expected to see weakening currency at the beginning of the week and any upside movements will be controlled by USD and it’s strengthening. I don’t expect RBA to cut rates this week. however bearish market sentiment my cause downside risks.

Potential currency movers:

Monday building approvals;
Tuesday retails sales, RBA announcement, China PMI;
Wednesday trade balance;

AUD/JPY Direction this week: Bullish

I expect further weakening Yen due to historical events I’ve described in my earlier post last week. Australian positive yiels should continue to support this pair.

Friday CPI, Industrial production;

By mid 2012 I expect to see pair trading around 92.00 level.

Marius Mass
Green trades…
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