Market Analysis 4–8 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 anticipated policy easing by central banks in Europe, Australia and Canada. Eurozone political problem still unsolved.

Potential currency movers:

Monday
Factory orders;
Tuesday
ISM services;
Wednesday
Lockhart, Williams speaks;
Thursday
Jobless claims, Bernenke, Lockhart speaks;

AUD/USD Direction this week: Bearish

AUD pairs are likely to remain under downward pressure reflecting downturn Eurozone and slowing of the global economy. It’s very possible to see further rate cut on Tuesday by RBA which will cause further dropping of the pair.

Potential currency movers:

Monday
Inventories;
Tuesday
RBA meeting,
Wednesday
GDP;
Thursday
Employment;
Friday
RBA governor speech, housing finance;

AUD/JPY Direction this week: Bearish

It’s expected that AUD/JPY trend modestly lower due to Eurozone uncertain political situation and global economy slowdown. However it’s possible this week to see intervention by BoJ preventing strengthening the Japanese currency.

Potential currency movers:

Friday
Current account;
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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