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

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Published: May 22, 2017, 08:19 UTC

EUR/USD The pair continued to trade higher and higher on Friday as the dollar weakness continued to exist across the board. Looking ahead to today, there

EUR/USD

The pair continued to trade higher and higher on Friday as the dollar weakness continued to exist across the board. Looking ahead to today, there seems some scope for consolidation and correction in the pair as we begin the week. This will be a healthy correction which could the lead to further gains later in the week. …Read More

GBP/USD

The pair has been having higher highs and higher lows and these are signs of continuation of the uptrend in the pair. The pair continues to be an uptrend since the beginning of last week and with the dollar on the backfoot, this trend is set to continue for the short term. …Read More

AUD/USD

The volatility has been reducing in this pair over the last few days and the weakness of the dollar that is seen across the other pairs is not noticeable in this. The pair opened on Monday well within the range set on Friday and the investors are looking for some spark from somewhere to push the pair in either direction. …Read More

USD/JPY

The pair has been trying to move higher yesterday after the deep correction that it had suffered over the last week on the back of global fears over the stability of the Trump government in the US. This had led to some large correction in the stock markets which was reflected in the form of yen strength. …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.