EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – November 3, 2017

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Published: Nov 3, 2017, 08:17 UTC

EUR/USD The pair saw some choppy trading yesterday as the effect of the announcement of Powell as the next Fed Chair to replace Yellen had little effect

Forex Trading Signals - October 27, 2017

EUR/USD

The pair saw some choppy trading yesterday as the effect of the announcement of Powell as the next Fed Chair to replace Yellen had little effect on the markets. The traders seem to have all their attention on the employment data from the US later in the day today which is likely to confirm the rate hike in December. …Read More

GBP/USD

The BOE partly gave what the markets wanted but then Carney came along and gave out some blunt statements about the state of the UK economy which caused the pair to fall by around 200 pips following the announcement. The rates were hiked by 0.25% but the grim outlook painted by the BOE took down the pound. …Read More

AUD/USD

The pair rose through the 0.77 region during the course of trading yesterday as the commodity markets witnessed some steady trading which helped the Aussie to move higher yesterday. It remains to be seen whether this move higher is likely to stay or reverse during the course of the day today as the market awaits the NFP. …Read More

USD/JPY

The pair continues to trade in a tight consolidative range near the highs of its monthly range and this is likely to continue till the release of the NFP later in the day today. A strong report would confirm the rate hike in December which should lead the pair higher. …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.