Home > Uncategorized > June 4th Update – US Recovery Signals – Helps Forex Trade Potential Profits

June 4th Update – US Recovery Signals – Helps Forex Trade Potential Profits

From ForexTradeGains.com
Opportunity with   AUD/USD Bearish

Expect 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.

Activity creating  potential profits: 

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 is possible to see further rate cut on Tuesday by RBA which would cause further dropping of the pair.

Aud/Jpy direction this week: Bearish

It is expected that Aud/Jpy trend modestly lower due to Eurozone uncertain political situation and global economy slowdown. However it is possible to see intervention by BoJ preventing strengthening the Japanese currency.

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Additional Reading:

The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start (Wiley Trading)

An Introduction to Forex Trading – A Guide for Beginners

Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies

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