EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 26, 2018
EUR/USD
The pair has been having a wild ride over the last 24 hours as it broke through the 1.25 region due to the lack of dovishness from Draghi but it has since been correcting lower due to comments from Trump calling for a stronger dollar. It closed the day at almost the same levels as it opened and this points to an interesting day ahead today. …Read More
GBP/USD
The pair has been driven up and down by the strength and the weakness in the dollar though the impact of the pound by itself, on the prices, seems to be minimal at this point of time. The pair broke through the 1.43 region on the back of dollar weakness but has since corrected lower to finish the day lower, giving first signs of weakness. …Read More
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AUD/USD
This pair also closed lower early yesterday as the party for the AUD bulls had to be stopped abruptly due to comments from Trump supporting the dollar. It has since bounced back from the support but with data from the US scheduled to be released later in the day, it remains to be seen how the close would be. …Read More
USD/JPY
The pair had a strong close yesterday as the dollar managed to get some of its strength back but it is yet to cross through the psychological mark of 110. Unless that happens, we are likely to see the pair under pressure. …Read More