Market Analysis 23-27 July

Market Analysis 23-27 July 

USD Direction this week: Range bound

Volatility has been fairly low over past few weeks however it didn’t stop USD to climb higher as projected and should stay in the uptrend for at least Monday, Tuesday. Weak Eurozone PMI’s should be supportive for the Index. Important decision for USD is US QII GDP report this week which is likely to fail expectations due to further quantitative easing by the FED causing USD to ease of its uptrend.

Potential currency movers this week:

Tuesday Eurozone PMI  
Wednesday IFO;  
Friday US GDP;

AUD/USD Direction this week: Bearish

It is expected consolidation of this currency pair with the downside potential caused by week Australian CPI due to high relationship between Australian and New Zealand inflation.

Potential currency movers this week:

Tuesday China PMI;  
Wednesday Australian CPI;  
Friday US GDP;

AUD/JPY Direction this week: Bearish

AUD/JPY should slide lower this week due to worsening global economic outlook, soft Chinese economic data and heavy influence by offshore changes. 

Eurozone fears return: Shares fell and the euro stayed vulnerable after hitting fresh lows early on Monday in Asia, as concerns grew about Spain's ability to  avoid a sovereign bailout.  More bad news emerged when another region Murcia said on Sunday it would seek government financial assistance, while  media reported half a dozen governments were ready to follow in the footsteps  of Valencia. U.S. and European stocks tumbled on Friday after indebted region Valencia sought financial aid from Madrid. Spain's main stock index plunged  5.8 percent for its biggest one-day drop in two years, while Spain's 10-year government bond yield scaled a euro-era high at 7.32 percent Read full report here: Financials_Weekly_-_230712
 
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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