EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 27, 2017

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Published: Jun 27, 2017, 07:19 UTC

EUR/USD The pair went back and forth initially before finding areas of resistance. After a while, the pair dropped down to support underneath due to the

Forex - Australia and New Zealand Dollars

EUR/USD

The pair went back and forth initially before finding areas of resistance. After a while, the pair dropped down to support underneath due to the strengthening of the dollar. Traders can expect a lot of market volatility as the central bank members are scheduled make speeches today which includes Draghi, Carney and Yellen as well. …Read More

GBP/USD

The pair initially went higher before settling down to support areas. The market continues to be under immense pressure and shows a lot of volatility as the dollar has strengthened from last evening on some strong durable goods data. Traders should also pay close attention to the Brexit negotiations as it will decide the course of the pound in the time ahead. …Read More

AUD/USD

The pair continued to rally further and remained quite firm. With the Chinese Industrial Profits coming in steady, the Australian dollar gained momentum. The transport and petrochemical industrial sectors performed the best, with profits coming in at 16.7 percent and going above expectations. In the long term, the market might continue to move higher and remain bullish. …Read More

USD/JPY

The pair dropped down to areas of support underneath and is expected to rally further in the time ahead. The dollar looks positive with the US durable goods stabilising, Fed Reserve’s interest rates outlook for this year and the US Stock indices performance. Traders can expect a bullish trend of the market in the longer term. …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.