Market Analysis 19-23 March

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Bullish

I expect to see continuation of uptrend this week. there are rumours about dovish tone of FED and FOMC monetary meeting . The downside fluctuations should be counteract by further improvement in US housing data.

Potential currency movers:

Monday NAHB, housing starts, Dudley speaks,
Tuesday building permits, Bernanke speaks,
Wednesday home sales,
Thursday jobless claims, Bernanke, Evans speaks,
Friday new  home sales, Bullard, Bernanke, Lockhart speaks

AUD/USD Direction this week: Bullish

The domestic and global economic outlook looks positive for AUD this week therefore I’ll be looking for opportunity to buy on pullbacks. Assumed higher prices of spot iron ore should be supportive for this pair.

Tuesday RBA minutes
Thursday Debelle speaks,

AUD/JPY Direction this week: Bullish

I expect further weakening Yen due  to smaller Japanese current surplus which will cause this pair to rise higher supported by healthy economic Aussie data.

Thursday Trade Balance,

By mid 2012 I expect to see pair trading around 92.00 level.

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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