EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 28, 2017

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Published: Jun 28, 2017, 07:46 UTC

EUR/USD The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s

EUR/USD

The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s speech on monetary policy coupled with the central bank’s events in the United States, the dollar fell and caused the Euro to rise higher in the last 24 hours. The US healthcare bill got delayed once again and further weakened the dollar. …Read More

GBP/USD

The pair went back and forth initially before breaking higher and finding areas of resistance. A lot of buying opportunities can be found here. With major headlines coming in from the Brexit negotiations and the government formation in the United Kingdom, the market continues to be volatile and remains difficult. Traders should pay attention to the Bank of England (BoE) Governor Carney’s speech today. …Read More

AUD/USD

The pair looks to gain some momentum after settling for some support underneath. With the US healthcare reform bill getting delayed once again by the Republicans, the US dollar weakened. If the Asian markets also post a strong performance, then it will help the Australian dollar to push ahead further. …Read More

USD/JPY

The pair went back and forth initially before rallying up further. Japan Prime Minister Shinzo Abe is expected to drop his commitment for balancing the budget by fiscal year 2020. However, it remains unclear whether Abe would drop his undertaking or drop the tax rate hikes. Due to this, the Japanese yen might weaken further in the short 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.