Thursday, March 12, 2015

The euro has depreciated this week. The EURUSD is around 1.0, which means one dollar for one euro. EURUSD seems that it is going to break the 1.0 support. The ECB is still implementing QE. Inflation is low and other economic factors shows the EU is not out of the woods yet. It seems that the euro has more to depreciate. Next week Europe CPI numbers are posted and previous CPI was at -0.6, which is below ECB’s target.

The AUDUSD has deprecated as well and is expected to keep doing so. The RBA still planning to cut interest rates, the price of commodities are still down, and other economic factors show more depreciation for the AUDUSD.

USDJPY keeps appreciating and I’m hoping that next week, with the BoJ press conference, we can see some more movement.  JPY is expected to depreciate the most.

For the USD, it seems like it’s going to keep appreciating. The FED is expected to give a speech about their monetary policy when they post their interest rate and we can confirm where the trend is heading.

Volatility is expected for the week of 03/15/2015 and we are hoping we can keep making gains.