EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 25, 2017

EUR/USD

The pair surged higher breaking through trend line resistance, surging 1.5 big figures in the wake of the results of the French elections. Riskier assets gained traction with the DAX surging 3.37% and above the 12400 mark, and the French CAC rising 4.14%. While the government shutdown in the United States is looming, the markets shrugged aside negative news helping the Euro rise… Read More

GBP/USD

The pair initially tried to rally during the session on Monday but pulled back as we continue to consolidate just above the 1.2750 level. Because of this, I think that a bounce will happen, but you will probably have to look for it on short-term charts. I have no interest in selling, I believe that the British pound has broken out for a longer-term move.

Ultimately, I believe that we are going to go looking for the 1.3450 level above, but it’s going to take some time to get there as there is so much in the way of noise above… Read More

AUD/USD

The AUD/USD is under pressure early Tuesday as investors lighten up on higher-yielding assets due to renewed concerns over North Korea. Traders started to become a little nervous late Monday after the entire U.S. Senate was invited to the White House for a briefing Wednesday on the North Korean situation, amid escalating tensions over the country’s missile tests and threatening comments.

Flight-to-safety buying will drive investors out of higher risk currencies like the Australian Dollar and into safe haven assets like the Japanese Yen and gold… Read More

USD/JPY

The USD/JPY had a volatility session on Monday, although it gapped higher on the opening and finished higher as investors reacted to the French election results. The Forex pair did come down quite a bit from its high, suggesting that investors had already fully-priced in the election results and were moving on to other events, namely the situation in North Korea and the looming U.S. government shutdown… Read More