Category: Market Analysis

Market Analysis 18-22 June

USD Direction this week: Bullish

It is expected to see uptrend of the currency this week due to broader concerns in Europe and potential delaying of further policy easing. Although Greece is ready to form government there are still significant economical challenges the country is about to face. Banking system in Spain is facing major downgrade problems. EUR rally is unlikely to last and this should reflect positive for the USD currency and support USD Index this week.

Potential currency movers:

Monday G-20 leaders summit;
Tuesday G-20 leaders summit, housing market index, building permits;
Wednesday G-20 leaders summit, FOMC rate decision, jobs claims;
Thursday jobless claims, Bernanke, Lockhart speaks;

AUD/USD Direction this week: Bullish

AUD is back on it’s recovery path and is expected to remain this way in upcoming weeks. it’s anticipated by RBA to postpone further rate cuts which should be very positive for AUD/USD pair.

Potential currency movers:

Tuesday RBA board minutes
Wednesday dwelling starts, Richards speaks;

AUD/JPY Direction this week: Bullish

I expect further strengthening of the pair due to decreased safe-haven JPY demand . The upside trend should remain strong as soon as RBA decline further rate cuts which is very likely to happen this week.

Potential currency movers:

Monday G-20 leaders summit;
Tuesday G-20 leaders summit,
Wednesday G-20 leaders summit, BoJ minutes; Shirakawa speaks,

 

Marius Mass
Green trades…
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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…
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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…
Posted in Market Analysis, May | Tagged , , | Leave a comment

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…
Posted in Market Analysis, May | Tagged , , | Leave a comment

Market Analysis 14-18 May

USD Direction this week: Bullish

Market expectation about USD is positive this week and we could see an uptrend move. Upward movement should be supported by anticipated stronger housing data and concerns about Greece political parties struggling to form government.

Potential currency movers:

Tuesday CPI, retail sales;
Wednesday Industrial production, housing index, building permits;
Thursday FOMC, jobless claims

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 and furthermore more likely week economic Aussie and Chinese data.

Potential currency movers:

Tuesday RBA minutes;
Friday China property prices;

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 GDP;
Marius Mass
Green trades…
Posted in Market Analysis, May | Tagged , , | Leave a comment