Hi friends, here is the trading Ideas & weekly preview for this week.If you need to see the calendar news enter here.

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EURUSD: The Euro climbed during the week and broke out above trend line resistance late in the week. The Euro currency is performing well as the risk on trade is back in investors’ minds. Look for the EUR/USD to continue to move higher toward 1.31.

USDJPY: The yen remained strong despite better than expected US data. The Yen continues to plague Japanese officials, but they are hesitant to intervene in the currency markets alone.

S&P500: The S&P 500 Index rallied as better than expected economic data points surprised market participants during the week. The strong ISM, Pending Home Sales and Employment report created a 40 point rally to bring the S&P 500 Index back above 1104.

Gold prices pushed higher toward 1250 during the week but where pushed back on Friday as better than expected employment data lead investors out of Gold and into stocks. With volatility in the equity markets likely to remain, Gold prices should continue to benefit.

This Week´s major events:

1. The Fed Beige Book will give the market a view of the US economy

2. The BOC is expected to leave interest rates unchanged

3. Australia Employment is expected to increase by 20k

4. The BOE is expected to keep interest rates unchanged

5. Canadian employment is expected to increase slightly

Have a great week!!!

Best regards,

María

www.fx-megaforex.com

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