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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 7, 2017
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EUR/USD The pair has been in a consolidation mode since the beginning of the week but all that could change today as we have the ECB press conference
EUR/USD
The pair has been in a consolidation mode since the beginning of the week but all that could change today as we have the ECB press conference where the market would be looking to Draghi to either spell out a clear timeline for the tapering or sound dovish in a bid to talk down the euro. Either case, we are likely to have a volatile day in this pair. …Read More
GBP/USD
The pair broke through the important resistance region at around 1.3030 which shows the inherent strength in the pound. This region is now likely to serve as the support for the day today when the focus would be on the dollar and the euro and hence the pound might spend the day for consolidation. …Read More
AUD/USD
The pair has also been trading in a tight manner but the high gold prices have been lending support to the Aussie and helping to keep it buoyant atleast for the short term. The Aussie is likely to consolidate in the short term. …Read More
USD/JPY
The pair has been trading in a choppy manner over the last 24 hours as the tension in the Korean region has been lending support to the yen and has been weighing on the dollar at the same time. The pair is likely to consolidation within a 200 pip range until some clarity emerges. …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.
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