Κυριακή 18 Μαρτίου 2012

OUTLOOK FOR THE WEEK AHEAD (19-26 MARCH)


The main events for this week are the Greek CDS payment on Monday. Bernanke speech on Tuesday and some UK economic data that are announced on Tuesday - Wednesday. Also rising  oil prices might create a momentum.Overall markets are lost in a weird euphoria and so far there is no main event to change that 

Below we can see the weekly analysis for the G7 currencies . The main two changes from last week that worth noticing are the bullish weekly change in trend and momentum that is building in the GBPUSD and in the EURJPY . Both seems to getting ready for a move higher.  In the other hand EURUSD did not gave the sell signal that we were expecting  (although the analysis show that we are still in a downtrend) and seems to cosolidating without a clear direction.

CURENCIES DAILY WEEKLY
TREND WAVE TREND WAVE
EURUSD ↓ ↓ ↓ ↓
-1 -5 -5 -1
EURJPY ↑ ↑ ↑ ↑
7 5 3 5
EURAUD ↑ ↑ ↓ ↓
1 5 -7 -3
EURCHF ↓ ↑ ↓ ↓
-3 1 -5 -5
USDCHF ↓ ↑ ↑ ↓
-1 3 1 -1
GBPUSD ↑ ↑ ↓ ↑
1 3 -3 5
USDJPY ↑ ↑ ↑ ↑
7 5 5 5
AUDUSD ↓ ↓ ↑ ↑
-1 -5 5 5

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