Market Analysis 10-13 April

Pepperstone | Metatrader 4 Forex Broker

USD Direction this week: Range Bound

It is expected to see ranging of the currency this week. Primary focus of speculators is the anticipated Fed monetary policy announcement.
Potential currency movers:
Tuesday wholesale inventories, Lockhart speaks;
Thursday producer prices, jobless claims, trade balance, Dudley, Lockhart, Raskin speaks;
Friday consumer prices, consumer confidence, Bernanke, Dudley speaks;

AUD/USD Direction this week: Range bound

This currency pair is like to range this week being influenced mainly by Chinese economic events. It is expected to see positive tone of Chinese data which should have positive influence on the pair.

Potential currency movers:

Tuesday housing finance;
Thursday employment;
Friday China GDP, China industrial production, China retail sales;

AUD/JPY Direction this week: Bullish

The risk of further policy loosening announced Bank of Japan, dovish BoJ meeting statement, advantageous yield and positive Chinese data will have positive influence on AUD/JPY currency pair.

Friday CPI, 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+
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