EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 18, 2017
EUR/USD
The pair initially dropped down yesterday, and moved on higher. A few weeks back, the pair was unable to make any progress and didn’t show much movement. However, with the recent U.S. dollar data releases, the dollar weakened and the Euro shot up. Ever since, the pair trading has been bullish in the markets. …Read More
GBP/USD
After moving higher yesterday, the pair fell down for a while and began to correct itself. The dollar continues to weaken due to the opposition faced by the Republicans for the Healthcare bill. Due to this, the implementation of the bill is unlikely to happen in the near future. As of now, traders doubt Trump’s administrative capabilities. …Read More
AUD/USD
The pair continued to trade higher and remained at those levels. If the gold markets perform well, then the value of the Australian dollar would also increase. The Reserve Bank of Australia (RBA) expressed concerns over a higher Australian dollar as it would cause harm to the country’s economic growth. …Read More
USD/JPY
After a slight drop, the U.S. dollar was seen correcting itself in the price charts. The pair might show some areas of resistance in the near term. Traders should pay close attention to the U.S. stock markets and their performance as it will have a serious impact on the pair. At this point, the markets will eventually move and pick up momentum. …Read More
This article was originally posted on FX Empire