EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 15, 2017

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Updated: Aug 15, 2017, 09:12 UTC

EUR/USD The pair consolidated for a large while yesterday due to the lack of direction which is understandable as it is the first day of the week when the

EUR/USD

The pair consolidated for a large while yesterday due to the lack of direction which is understandable as it is the first day of the week when the liquidity and the volatility is generally low. This is likely to continue in the short term where we expect the support region near 1.1710 to be tested during this period once again. …Read More

GBP/USD

The pair has been trading in a weak manner for the past week or so ever since the pair moved below the 1.3030 region during the course of last week. Since that time, despite some decent data from the UK, the pair has been unable to move back above 1.3030 and this is likely to keep the pair under pressure in the short term. …Read More

AUD/USD

The return of risk in the markets has helped the AUDUSD to consolidate and recover a bit over the last 24 hours or so and the pair is likely to trade in a strong manner in the short term as long as the data from the US continues to be weak. We will be having the retail sales data from the US today which should determine the short term direction. …Read More

USD/JPY

The pair suffered a lot of weakness over the last 24 hours but then later in the day, it managed to recover from the lows and the pair moved above 110. The risks that we had seen over the last week between North Korea and the US seemed to recede over the weekend and this helped the pair to move up. …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.