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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 6, 2017
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EUR/USD The pair went back and forth initially before settling for some areas of support. The FOMC Meeting Minutes were one of the most expected economic
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EUR/USD
The pair went back and forth initially before settling for some areas of support. The FOMC Meeting Minutes were one of the most expected economic events this week. Contrary to market expectations, the central bank officials didnt reveal anything special which the markets didnt know already. The dollar managed to remain in the same levels without much movement. …Read More
GBP/USD
The pair initially rallied but continued to show a sideways movement like yesterday due to the outcome of the FOMC Meeting Minutes. With several traders anticipating the dollar’s strength and the market’s volatility, the meeting did not turn out to be eventful and failed to have any impact on the sterling. …Read More
AUD/USD
The pair tried to rally during the day before dropping down gradually. With the global interest rates rising higher, the gold markets continued to be very volatile. The Federal Reserve looks to hike the interest rates which will likely affect the gold markets and put pressure on the Australian dollar. …Read More
USD/JPY
The pair was seen making an upside move yesterday showing few areas of resistance. Traders expect the pair to move towards a higher range in the longer term. With a lot of expectations on the FOMC Minutes regarding the interest rate hikes and balance sheet trimming, the outcome of the minutes was not as expected and hence the pair gradually corrected itself since that time. …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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