Market Analysis 2–6 April

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Bullish

Market anticipation is very positive about this currency and It is expected to see uptrend of the currency this week due to positive data, specifically ISM and payrolls report and FOCM minutes.
Potential currency movers:
Monday ISM, Bullard, Pinalto speaks;
Tuesday factory orders, FOCM, Williams speaks;
Wednesday ADP, ISM non-manufacturing, Williams speaks;
Thursday jobless claims, Bullard speaks;
Friday NFP;

AUD/USD Direction this week: Range bound

It’s expected to see weakening currency at the beginning of the week and any upside movements will be controlled by USD and it’s strengthening. I don’t expect RBA to cut rates this week. however bearish market sentiment my cause downside risks.

Potential currency movers:

Monday building approvals;
Tuesday retails sales, RBA announcement, China PMI;
Wednesday trade balance;

AUD/JPY Direction this week: Bullish

I expect further weakening Yen due to historical events I’ve described in my earlier post last week. Australian positive yiels should continue to support this pair.

Friday CPI, Industrial production;

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

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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