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…
Trader (Forex, CFD's, Futures), Coach, Marius offers private consulting services to individuals investing in foreign exchange market. Marius specializes in price volatility techniques. Throughout years of experience, his discoveries were oriented in very unique market perception of price anatomy, Volatility and nature of price behaviour. Author of the book "Speaking Language of Forex Market" which discloses his experience and excellence of trading the Forex market. Google+
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