Market Analysis 14-18 May

USD Direction this week: Bullish

Market expectation about USD is positive this week and we could see an uptrend move. Upward movement should be supported by anticipated stronger housing data and concerns about Greece political parties struggling to form government.

Potential currency movers:

Tuesday CPI, retail sales;
Wednesday Industrial production, housing index, building permits;
Thursday FOMC, jobless claims

AUD/USD Direction this week: Bearish

It’s expected to see further falling to the downside of this pair triggered by USD s strengthening influenced by uncertain situation in Europe and furthermore more likely week economic Aussie and Chinese data.

Potential currency movers:

Tuesday RBA minutes;
Friday China property prices;

AUD/JPY Direction this week: Bearish

It’s expected to see further easing to the downside for the same European reasons and anticipated softer Chinese economic data this week.

Potential currency movers:

Thursday GDP;
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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