Market Analysis 21-25 May

Pepperstone Metatrader 4 Forex Broker

     USD Direction this week: Bullish

Market expectation about USD is positive this week and we could see continuation of uptrend especially against EUR and GBP. Upward movement should be supported by concerns about Greece and Spain.

Potential currency movers:

Tuesday
Home sales, Lockhart speaks;
Wednesday
House prices, new home sales;
Thursday
Durable goods, jobless claims, Dudley speaks;

AUD/USD Direction this week: Range bound;

It’s expected to see consolidation of the pair with the risk of further falling to the downside triggered by USD s strengthening influenced by uncertain situation in Europe.

Potential currency movers:

Tuesday
China HSBC;

AUD/JPY Direction this week: Bearish

AUD/JPY has trended lower and it’s expected to see further easing to the downside this week reflecting uncertain situation in Europe and easing of commodity prices.

Potential currency movers:

Wednesday
BoJ policy meeting, trade balance;
Thursday
CPI;
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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