EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 30, 2017

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Published: Jun 30, 2017, 07:27 GMT+00:00

EUR/USD The pair went back and forth initially before rallying up further. With the dollar continuing to be weak across the board, the pair looks to rise

Forex - Australia and New Zealand Dollars

EUR/USD

The pair went back and forth initially before rallying up further. With the dollar continuing to be weak across the board, the pair looks to rise higher and shows a bullish trend in the markets. Due to Trump’s political mess that has made the policy implementation difficult, the dollar has started to weaken. Few buying opportunities can be seen now. …Read More

GBP/USD

The pair shot up higher and remained strong with a bullish trend in the markets. Bank of England’s (BoE) Governor Carney’s hawkish speech caught the market’s attention and led the pound to remain steady. Carney supported the economy and hinted major monetary policy changes in the time ahead. Due to BoE’s support, the pound looks strong for now. …Read More

AUD/USD

The pair continued to rise higher with a strong Chinese manufacturing sector data. June’s Purchasing Managers Index came above expectations. Since China’s economy is expanding strongly, it boosts the Australian dollar and causes the pair to continue higher. A huge sell-off is happening for the dollar as it continues to remain weak across the board. …Read More

USD/JPY

The pair went back and forth before settling for some support underneath. Japan’s Yen looks to be losing direction and remains under great pressure against the US dollar. However, it might take some time for traders to look for any buying opportunities. Traders should pay attention to the US Stock markets and indices, which will decide the course of the yen in the time ahead. …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.