EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 21, 2017

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Published: Jun 21, 2017, 08:03 GMT+00:00

EUR/USD The pair initially went higher before dropping down to lower levels. With the Brexit talks finally set to kick off, Barnier, the chief European

EUR/USD

The pair initially went higher before dropping down to lower levels. With the Brexit talks finally set to kick off, Barnier, the chief European Union (EU) negotiator stated that Britain was in no position to determine the timings of the talks. The dollar looked positive with the Fed members stating that the inflation targets of 2 percent would be achieved soon. For now, short-term traders can look for good buying opportunities. …Read More

GBP/USD

Following the Bank of England’s (BoE) rate announcement last week, BoE Governor Carney made a speech yesterday stating that he did not vote for the rate hike as the economic conditions were not very helpful. This was a huge disappointment for the pound and led to its huge sell-off in the markets. With no major news coming in, traders can expect a bearish consolidation today. …Read More

AUD/USD

The pair went higher yesterday but dropped down as the dollar strength gripped the markets. The Reserve Bank of Australia’s (RBA) policy meeting and the performance of the gold markets continue to impact the Australian dollar. Due to this, traders can look for some support below. …Read More

USD/JPY

The pair initially kicked off for some time and then turned around slowly below. The minutes from the Bank of Japan’s (BoJ) meeting held on 26^th and 27^th last month was released today. The meeting revealed that the policymakers were expecting weak inflation numbers and are in no plans to reduce its accommodative policy. Due to this, the board members expressed concerns on the risk associated with the economy. …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.