Market Analysis 7-11 May

Pepperstone Metatrader 4 Forex Broker

       USD Direction this week: Bullish


Market expectation is very positive about currency and outlook is bullish this week. uptrend will be supported by uncertainty about European governments, elections in France and Greece which as a result will be negative to pairs like EUR/USD, EUR/JPY and positive for USD/JPY.

Potential currency movers:

Wednesday wholesale inventories, Pianalto speaks;
Thursday trade balance, jobless claims, Bernenke speaks;
Friday consumer confidence;

AUD/USD Direction this week: Bearish

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

Potential currency movers:

Monday retail sales, building approvals;
Wednesday trade balance;
Thursday labour force; current account;
Friday CPI,industrial production, retail sales;

AUD/JPY Direction this week: Bearish

It’s expected to see further easing to the downside for the same European reasons and anticipated softer Chinese economic data this week.

Potential currency movers:

Thursday 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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