EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 27, 2017

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Updated: Apr 27, 2017, 09:47 UTC

EUR/USD The pair had a choppy day of trading as it was on the charge during the beginning of the day as there were concerns and rumors on what the new tax

EUR/USD

The pair had a choppy day of trading as it was on the charge during the beginning of the day as there were concerns and rumors on what the new tax plan from Trump would be. Once the new tax plan became clear, the dollar gained strength across the board and this pushed the pair back down below 1.0900. …Read More

GBP/USD

The pair continues to grind towards the range high as the trading is choppy and without any specific direction. The candle shows a bullish bias and that is why a break of the range top could send the pair rocketing towards the 1.3450 mark. …Read More

AUD/USD

The pair could not make much progress during the course of the day as the traders chose to focus on the inflation data and this put the pressure on the pair. The inflation data was much lesser than what the market was expecting and this led to a large sell off in the pair during the first half of the day. …Read More

USD/JPY

We continue to see a lot of buying pressure in the pair which has managed to keep the pair well above the 111 mark during the course of the day yesterday. The risk on mode in the markets continue to dominate the discourse and this has helped to boost the stock markets and has also helped to keep the yen weak. …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.