EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 29, 2017

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Published: Jun 29, 2017, 08:40 UTC

EUR/USD The pair continued to move higher despite a clarification issued that said that Draghi's comments on the previous day were not supposed to be as

EUR/USD

The pair continued to move higher despite a clarification issued that said that Draghi’s comments on the previous day were not supposed to be as hawkish as the the market had expected it to be. This led to a small correction back to the broken resistance near the 1.13 region only for the pair to rocket higher again and the pair has been moving higher non-stop since then. …Read More

GBP/USD

The pair joined the euro in moving higher during the last 24 hours as hawkish comments from Carney, where he hinted on tapering of QE, helped the pair to move through 1.29 and it threatens the resistance at around 1.30 as of this writing. With the dollar clearly on the backfoot, it is only a matter of time before the pound breaks higher. …Read More

AUD/USD

The pair joined the other currencies in moving higher against the dollar and this trend is likely to continue in the short term. The fall in the commodity prices like gold is likely to weigh on the Aussie but that should not deter the uptrend too much. …Read More

USD/JPY

The pair does not seem to know what it has to be doing with so much of action taking place on all sides with respect to the various currencies. The stock markets are higher and the pair is high as a result and the pair should remain supported in the near future. …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.