EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 24, 2017

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Updated: Apr 24, 2017, 11:11 UTC

The pair made a huge gap as of this morning as the French election results came in and it showed that Macron has won the first round of the elections

EUR/USD

The pair made a huge gap as of this morning as the French election results came in and it showed that Macron has won the first round of the elections and the opinion polls suggest that he is likely to win the second round quite easily. With him being viewed as Euro-friendly, the pair received a boost which should carry it towards 1.0900. …Read More

GBP/USD

The pair continues to consolidate the gains that it had made over the last week as it faces some stiff resistance in the 1.2850 region which could push it back towards the 1.2650 region. Many pitfalls lie ahead and it remains to be seen how the UK PM May is going to go about avoiding them and so it is time to trade the pound carefully. …Read More

AUD/USD

The pair continued to make some small gains as the dollar weakened across the board. The traders should watch out for the action at around the 0.7610 region so that they can decide which way the pair wants to move in the short term. …Read More

USD/JPY

The pair has gapped higher as the French elections results have come in and they showed that Macron, a candidate who is viewed as business and economy friendly, had won the election and looks well set to win the run off on May 7 as well. The pair trades above the 110 region where it is likely to face some stiff resistance. …Read More

About the Author

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.