Market Analysis 28 May–1 June

Pepperstone Metatrader 4 Forex Broker

         USD Direction this week: Bullish

it’s expected to see USD trading slightly higher this week due to recovery of US economy and Eurozone political problems. However US data, especially NFP don’t seems to be expected very positive this week.

Potential currency movers:

Tuesday home prices, consumer confidence;
Wednesday home sales;
Thursday GDP, ADP, jobless claims, Dudley speaks;
Friday NFP;

AUD/USD Direction this week: Range bound

It’s expected to see ranging towards equilibrium in the upward direction after significant depreciation over few last weeks. On the flip side strengthening of USD may restricted due to Eurozone unclear situation. Magnitude of the recovery may be not very strong at least until Greek elections.

Potential currency movers:

Wednesday retail sales;
Thursday building approvals;
Friday China PMI

AUD/JPY Direction this week: Bullish

it’s expected to see lifting AUD/JPY after major selling pressure over last few weeks resulting in 10 % drop of the pair. Recovery however, my be limited due to European concerns.

Potential currency movers:

Thursday industrial production,
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+
Recent Related Posts
This entry was posted in Market Analysis, May and tagged , , . Bookmark the permalink.