EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 12, 2017

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Published: Jul 12, 2017, 08:24 GMT+00:00

EUR/USD The pair finally broke higher and moved towards a bullish run after a sideways movement yesterday. Few months back, traders could note the Euro’s

EUR/USD

The pair finally broke higher and moved towards a bullish run after a sideways movement yesterday. Few months back, traders could note the Euro’s weakness against the dollar and now, the Euro looks strengthened when compared to the dollar. Traders can expect a bullish market with respect to this pair. …Read More

GBP/USD

The pair initially rallied yesterday before settling for a bit of selling pressure. A lot of selling could be seen due to Bank of England (BoE) Monetary Policy Committee (MPC) Member Broadbent’s speech where he sounded less hawkish tha expected. A bit of support could also be found and traders can look for short-term buying on the pair for now. …Read More

AUD/USD

The pair went back and forth before settling for areas of resistance above. Looking at the price charts, an overall buying pressure can be seen in the near term. If the gold markets perform well, it would influence the performance of the Australian markets as well. Until then, traders cannot expect a bullish sign from the Australian markets. …Read More

USD/JPY

The pair continued to remain bullish in the markets and showed a lot of resistance areas. Traders can sit aside and wait for Fed Chair Janet Yellen’s monetary policy speech along with the U.S. Consumer Inflation report on Friday. 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.