EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – May 23, 2017

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Published: May 23, 2017, 08:07 UTC

EUR/USD The pair continues to move steadily higher on the back of some dollar weakness that has been seen since the London session began yesterday. Though

EUR/USD

The pair continues to move steadily higher on the back of some dollar weakness that has been seen since the London session began yesterday. Though there was some correction at the beginning of the week, the markets have settled down into their trends over the last few hours and thats why we have been seeing the pair move higher. …Read More

GBP/USD

The pair had a choppy form of trading over the last 24 hours as the pair moves back and forth across the 1.30 region with no specific direction. We also got the news of the bomb attack in Manchester which has not had much of an effect on the market so far but it is likely to keep the pair under pressure. …Read More

AUD/USD

The pair had a very volatile session this morning as it gapped and moved lower and continued to move lower till there was a turn around in the 0.7425 region. This turnaround continued to push the pair higher and higher till we reached the 0.75 region where sellers came in. This is likely to lead to a period of consolidation. …Read More

USD/JPY

It was a day of calm trading in the pair as the pair moved around up and down with no specific direction. It was the first day of the week and the market was waiting for something to happen which will provide it with the required momentum to push it in a specific direction for 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.