EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 2, 2018

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Published: Mar 2, 2018, 09:15 UTC

EUR/USD The pair managed to bounce off the lows and move higher on the back of dollar weakness. This came around due to the imposition of tariff from the

EUR/USD

The pair managed to bounce off the lows and move higher on the back of dollar weakness. This came around due to the imposition of tariff from the US administration on the import of metals but this is expected to only last for the short term. …Read More

GBP/USD

The bulls in the pair have managed to survive for the short term but with data and event risks lined up for the rest of the day, the volatility is expected to be very high. We should see the pair being impacted by the speeches from May and Carney. …Read More

AUD/USD

The pair has also been impacted by the weakness in the dollar but the more long term impact is expected to be witnessed due to the imposition of tariff on the import of metals as Australia is highly dependent on commodities export. …Read More

USD/JPY

The pair has turned weaker during the course of trading over the last 24 hours as the weakness in the dollar has seemed to have impacted this pair as well. But the pair is expected to gain strength in the medium term. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.