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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 4, 2017
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EUR/USD The pair corrected itself once the London session opened yesterday. Last week, Euro was seen with huge gains due to the ECB President’s speech and
EUR/USD
The pair corrected itself once the London session opened yesterday. Last week, Euro was seen with huge gains due to the ECB President’s speech and the dollar’s weakness across the board. So, it is natural to expect some correction to take place now considering the huge rise last week. …Read More
GBP/USD
As the dollar began to slowly recover, the British pound dropped down significantly to areas of support underneath. The UK’s Manufacturing PMI data went below expectations and put the pound in deep trouble. Later today, we have a holiday in the US and traders can watch out for the UK’s Construction PMI data. …Read More
AUD/USD
The pair dropped down to lower levels yesterday, though major areas of support were not found. In the long term, the market might continue to go higher and indicate an uptrend. Despite the weak gold markets, the Australian dollar manages to remain firm and steady with the Reserve Bank of Australia’s (RBA) Interest Rate Decision statement. …Read More
USD/JPY
The pair shot up higher during the day on Monday due to the gradual recovery of the US dollar. With higher US bond yields and strong data releases, the pair looks to continue with the bullish trend in the markets. Traders can expect a strong US dollar against major currencies such as the Euro, Japanese Yen and British pound. …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.
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