EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 11, 2017

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Published: Jul 11, 2017, 07:43 UTC

EUR/USD The pair did not make much movement and remained the same through the day. With no major headlines for the Eurozone, one can expect a slow market

Forex - Australia and New Zealand Dollars

EUR/USD

The pair did not make much movement and remained the same through the day. With no major headlines for the Eurozone, one can expect a slow market with low liquidity. The dollar remains quite steady and continues to capture the market’s attention. In the longer term, the pair might offer a buy and hold situation for the traders. …Read More

GBP/USD

No economic events were lined up during the weekend and pushed the market to a state of low volatility. The United States Nonfarm Payrolls remained strong and brought out some stability to the dollar. The pound continues to be in the list of weaker currencies and traders should watch out for further direction from the news accordingly. …Read More

AUD/USD

The pair tried to rally forward and made some movement. With no economic news and happening events during the weekend, traders can sit aside and wait for Fed Chair Janet Yellen’s speech tomorrow along with the U.S. Consumer Inflation report on Friday. In addition, traders are also waiting for the additional rate hike information from the Federal Reserve. …Read More

USD/JPY

The pair continued to move higher yesterday and showed an upward movement. The dollar posted a two month high against the Japanese yen yesterday. Traders and investors are waiting for Fed Chair Yellen’s speech on the monetary policy this week. Yellen’s comments will have a serious impact on the markets. …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.