EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 22, 2017

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Published: Jun 22, 2017, 07:42 GMT+00:00

EUR/USD The pair went back and forth before settling for support underneath. Traders should pay close attention to these areas now as the pair can bounce

EUR/USD

The pair went back and forth before settling for support underneath. Traders should pay close attention to these areas now as the pair can bounce higher and show an uptrend. With the Federal Reserve promising to hike the interest rates this year and the Brexit negotiations, the market will be highly volatile and difficult to trade until a clear direction is reached. …Read More

GBP/USD

The pair had some choppy trading between the regions of support and resistance during the course of the day. The market continues to be highly volatile with the major headlines coming in from the UK’s government formation and Brexit discussions. Traders should pay close attention to the Brexit talks as they will also decide the course of the pound in the time ahead. …Read More

AUD/USD

The pair broke down initially yesterday and we can expect the main trend to be up in due course. The Reserve Bank of Australia (RBA) did not provide anything insightful and left the interest rates unchanged at 1.25 percent. The board suggested that the labor and housing markets need careful monitoring. New York’s Fed President William Dudley stated that if there is a tighter labor policy, then the inflation targets can be achieved. …Read More

USD/JPY

The pair initially dropped down and then turned around to areas of resistance. However, the market seems to be volatile with the pair moving sideways every now and then. The dollar looks positive with the Fed’s interest rate outlook for the year and the U.S Stock indices performance. Traders can expect a bullish trend for now but should wait for the right areas to go long. …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.