Category: June

Market Analysis 18-22 June

USD Direction this week: Bullish

It is expected to see uptrend of the currency this week due to broader concerns in Europe and potential delaying of further policy easing. Although Greece is ready to form government there are still significant economical challenges the country is about to face. Banking system in Spain is facing major downgrade problems. EUR rally is unlikely to last and this should reflect positive for the USD currency and support USD Index this week.

Potential currency movers:

Monday G-20 leaders summit;
Tuesday G-20 leaders summit, housing market index, building permits;
Wednesday G-20 leaders summit, FOMC rate decision, jobs claims;
Thursday jobless claims, Bernanke, Lockhart speaks;

AUD/USD Direction this week: Bullish

AUD is back on it’s recovery path and is expected to remain this way in upcoming weeks. it’s anticipated by RBA to postpone further rate cuts which should be very positive for AUD/USD pair.

Potential currency movers:

Tuesday RBA board minutes
Wednesday dwelling starts, Richards speaks;

AUD/JPY Direction this week: Bullish

I expect further strengthening of the pair due to decreased safe-haven JPY demand . The upside trend should remain strong as soon as RBA decline further rate cuts which is very likely to happen this week.

Potential currency movers:

Monday G-20 leaders summit;
Tuesday G-20 leaders summit,
Wednesday G-20 leaders summit, BoJ minutes; Shirakawa speaks,

 

Marius Mass
Green trades…
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Market Analysis 4–8 June

Pepperstone Metatrader 4 Forex Broker

          USD Direction this week: Bullish

It’s expected to see USD trading slightly higher this week due to recovery of US economy and anticipated policy easing by central banks in Europe, Australia and Canada. Eurozone political problem still unsolved.

Potential currency movers:

Monday
Factory orders;
Tuesday
ISM services;
Wednesday
Lockhart, Williams speaks;
Thursday
Jobless claims, Bernenke, Lockhart speaks;

AUD/USD Direction this week: Bearish

AUD pairs are likely to remain under downward pressure reflecting downturn Eurozone and slowing of the global economy. It’s very possible to see further rate cut on Tuesday by RBA which will cause further dropping of the pair.

Potential currency movers:

Monday
Inventories;
Tuesday
RBA meeting,
Wednesday
GDP;
Thursday
Employment;
Friday
RBA governor speech, housing finance;

AUD/JPY Direction this week: Bearish

It’s expected that AUD/JPY trend modestly lower due to Eurozone uncertain political situation and global economy slowdown. However it’s possible this week to see intervention by BoJ preventing strengthening the Japanese currency.

Potential currency movers:

Friday
Current account;
Marius Mass
Green trades…
Posted in June, Market Analysis | Tagged , , , , | Leave a comment