Market Analysis 16-20 July

Market Analysis 16-20 July 

USD Direction this week: Bullish

It is expected to see strengthening of USD due to major currency swap rates relative to US swap rates reduction, accompanied with uncertain situation in Europe. The upside risks should be limited though, influenced by US interest rates and current account deficit of 3.1 % of GDP.

Potential currency movers this week:

Monday US retail sales, Eurozone CPI;  
Tuesday CPI, US industrial production;  
Wednesday Fed’s Beige Book;  
Friday Spain’s bank bailout Eurozone conference  

AUD/USD Direction this week: Bearish

Aussie should show some weakness due to strengthening of USD. Week Chinese economic growth will affect AUD to the downside.

Potential currency movers this week:

Tuesday                    RBA minutes, US retail sales, US industrial production, Bernanke speaks;

Wednesday              Fed’s Beige Book

AUD/NZD Direction this week: Bullish

Inflation of New Zealand in progressing further and we expect potential rate cuts ahead of RBNZ decision which will be positive for the currency pair.

Potential currency movers this week:

Tuesday                     RBA minutes, New Zealand CPI

AUD/JPY Direction this week: Bearish

This pair should be influenced mainly by Chinese data this week and fluctuation in US index. 

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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