Market Analysis 26-30 March

currency pair1

USD Direction this week: Bullish

It is expected to see uptrend of the currency this week due to positive data coming from US this week and optimistic tone of Bernanke speech.  In addition building USD strength factor, should be political difficulties of Italian and Spanish economy. Due to historical events I’ve described in my earlier post I expect further weakening of JPY thus strengthening USD/JPY currency pair.

 

Potential currency movers:

Monday home sales; Bernanke speaks;
Tuesday house prices,  consumer confidence, Bernanke, Dudley, Duke speaks;
Wednesday durable goods orders;
Thursday jobless claims, Bernanke, Lockhart speaks;
Friday personal income and spending;

AUD/USD Direction this week: Range bound

This currency pair is like to range this week due to lack of major economic events. Fluctuation in direction this week will be related to European events and strengthening of USD index.

By mid 2012 I expect to see pair trading around 1.1000

AUD/JPY Direction this week: Bullish

I expect further weakening Yen due to historical events I’ve described in my earlier post last week. Further policy loosening  announced Bank of Japan will have positive influence on AUD/JPY currency pair.

Friday CPI, Industrial production;

By mid 2012 I expect to see pair trading around 92.00 level.

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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