EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 3, 2017

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Published: Jul 3, 2017, 07:51 UTC

EUR/USD The pair had a quiet trading session since morning and showed some signs of support. Traders can expect major news from the dollar coming in this

EUR/USD

The pair had a quiet trading session since morning and showed some signs of support. Traders can expect major news from the dollar coming in this week and this should have an impact on the direction of the pair. Close attention should be paid to the ISM Manufacturing PMI data release in the day. In the long term, the pair remains bullish with a strong data from the Eurozone. …Read More

GBP/USD

The pair continues to remain under pressure and has been trading slowly since morning. Bank of England’s (BoE) Governor Carney’s speech last week which gave a strong boost to the pound. However, with the Brexit negotiations and the government formation in the UK, the pair seems to be on the downside for now. Traders should pay attention to the UK’s Manufacturing PMI Data and also the US data releases in the day. …Read More

AUD/USD

The pair went back and forth before settling for some support underneath. The market might continue to go higher in the longer term once these areas are broken. The Reserve Bank of Australia (RBA) will be releasing the interest rate statement later this week and this might have a serious impact on the Australian dollar. …Read More

USD/JPY

The pair rallied further and continues to show an uptrend in the markets. Bank of England’s (BoE) Governor Carney’s speech caught the market’s attention and led them to react to the global rising rates and this has affected this pair as well. Despite Japan’s Prime Minister Shinzo Abe’s Liberal Democratic Party defeat in the Tokyo election, the Japanese yen remained steady as of this morning. …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.