Market Analysis 12-16 March

Pepperstone Metatrader 4 Forex Broker

      USD Direction this week: Bullish

 

US Dollar is expected to rise higher this week due to positive data coming out of US, stronger economy improvement in labour market and positive swap yields.

Potential local currency movers this week:

Tuesday            FOCM, Retail Sales;
Wednesday      Jobless claims, producer prices
Thursday          CPI, Industrial Production, Consumer Confidence;
Friday               Bernanke speaks;
 

AUD Direction this week: Bearish

I expect AUD to continue selling off due to disappointing Chinese economic situation. The down trend will be interrupted by short rallies caused by expected positive data releases especially housing finance announcement. I don’t expect Aussie drop too low as in the second quarter AUD/USD is expected to trade around 1.10.

Potential local currency movers this week:
Tuesday           housing finance;
 PBoC Press Conference;

 

Forex Market Analysis 5 - 9 March 2012

USD Direction this week: Bullish

US dollar is expected to be supported by US economy. Positive data is anticipated with respect to payrolls.
Potential local currency movers this week:
Monday               ISM services;
Wednesday         employment change, ADP;
Thursday             jobless claims;
Friday                 NFP;
 

AUD Direction this week: Neutral

It is expected to stay in the range with anticipation to rise higher. Positive data is expected with regards to GDP and employment. Risk aversion will be more likely influenced by European data.  I expect AUD/JPY to continue on its upward trend due to Yen weakening and yield advantage.

Potential local currency movers this week:

Monday               inventories;
Tuesday              RBA, current account;
Wednesday        GDP, RBA’s Lowe;
Thursday            employment;
 

The Eurozone finance minister’s conference call will be the main event in Europe this week to watch for.

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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