Advertisement
Advertisement
EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 7, 2017
By:
EUR/USD The pair shot higher yesterday on the back of the ECB minutes which made it very clear that the members would start looking at tapering pretty
EUR/USD
The pair shot higher yesterday on the back of the ECB minutes which made it very clear that the members would start looking at tapering pretty soon as the inflation data improves. This has been the strongest hint as yet and this helped the pair to move higher. The move was further fueled by the weak ADP data from the US which has raised fears of a weak NFP data. …Read More
GBP/USD
The pair has been moving steadily higher over the last 24 hours helped by the fact that the dollar is weak across the board. The dollar has been pushed lower due to the weak ADP data and though the pound was a bit late to progress, it did push through 1.2950 and looks ominously close to the key resistance of 1.3030. …Read More
AUD/USD
The pair has been unable to make any strong progress in the short term as it continues to find the region around 0.77 a tough nut to crack and has since fall back towards the 0.76 region where it trades as of this writing. The NFP later today will point the direction in the short term. …Read More
USD/JPY
The pair has been moving higher steadily on the back of the BOJ bong buying spree and this has happened despite the overall weakness in the dollar due to the weak ADP report. We expect this bull run to continue into the 114 region in the short term and should be testing 115 pretty soon. …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.
Advertisement