On 17-22 of April 2011, along this week, we are going to look at what some indicators that will influence 5 major currency movement. By reviewing what had happened on this week, the decision maker or broker can get more comprehensive analysis both technical as well as fundamental before taking “Buy” or “Sell” decision. Some below were summary: (for more detail result can refer to www.forexfactory.com)
GBP/USD. The movement of Pound sterling toward US dollar is influenced by some important indicator like rightmove HPI m/m was good result from previous 0,8% to actual 1,7% (http://www.rightmove.co.uk/news/house-price-index/april-2011). MPC meeting minute remained unchanged about 3-0-6. Retail sales m/m rised from -0,5% to -0,2% this was good for AUD currency . Public sector net borrowing was bad result about 16,4B which still deficit. Prelim mortgage approvals was not like people forecasted before (48K) meanwhile, the actual was 44K read more here. The Graph currency mover of GBP/USD can be seen below:
AUD/USD, in this week, some important indicators are monetary policy meeting minutes read more to here. MI leading index m/m increased slightly from 0,3% to 0,4%. Import prices q/q also showed a good result about 1,4% more than forecast (0,8%). PPi q/q was going up than forecast (1,0%) to actual (1,2%) this because some reason (please refer to here to get more detail information). the Graph currency mover of AUD/USD can be seen below:
USD/JPY, there have only two that you must look, one was tertiary industry activity m/m was more than expected 0,2% (forecast) to 0,8% (actual) and second was trade balance still showed bad result about 0,10T below expectation about 0,33T, it was because the export oriented was still low (read more here). The graph currency mover of USD/JPY can be seen below:
EUR/USD, some of indicators which give big influence are French flash service PMI was good result from 60,4 to 63,4. German flash manufacturing PMI also raised from 60,9 to 61,7. in contrary, Current Account showed bad result from 5,6B to -7,2B. German PPI m/m was bad from 0,8% dropped to actual 0,4%. German ifo business climate was remain stable, stand around 110,4. Belgium NBB business climate was getting down gradually from 6,2 to actual 2,8. this can influence EUR currency mover in this week.
The graph currency mover of EUR/USD can be seen below:
USD/CHF, for swiss currency movement, no have important indicator in this week, so that nothing to be reported for taking a decision. The graph currency mover of USD/CHF can be seen below:
As a result, If we look at all 5 major currency mover in this week showed good currency. Means that some indicators gave a positive impact which raised the currency up significantly toward USD. This definitely give a good sign for trader, time by time is getting better and might back to the normal condition in the long term.
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