EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 20, 2017

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Published: Jul 20, 2017, 07:10 UTC

EUR/USD The pair dropped down yesterday before starting to climb upwards. The market will eventually find some buyers and then continue to go higher. The

EUR/USD

The pair dropped down yesterday before starting to climb upwards. The market will eventually find some buyers and then continue to go higher. The dollar began to slowly recover across the board. Traders should pay attention to the ECB’s announcement and press conference later in the day. …Read More

GBP/USD

The pair went sideways and remained over the same levels like yesterday. UK’s CPI numbers remained negative and put the sterling under pressure. The market looks choppy for now and is trying to figure out where to go next. Due to this, traders can pause their trading and watch the course of the markets before taking any buy/sell decision. …Read More

AUD/USD

The pair shot up higher and showed a bullish trend. With the Reserve Bank of Australia’s (RBA) positive comments over the neutral nominal cash rate at 3.5 percent, the Australian dollar surged in the markets. Since the gold markets are in a good shape, the Australian dollar continues to perform well in the markets. …Read More

USD/JPY

The Japanese Yen weakened when compared to the U.S. dollar. This was due to the Bank of Japan’s (BoJ) lower inflation expectations coupled with the monetary policy statement. The inflation is unlikely to achieve the 2 percent target by 2020/2021. Currently, the annual inflation rate is around 0.4 percent. …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.