Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – October 19, 2017
EUR/USD
The pair has been trading higher on the back of dollar weakness and also due to the fact that the tapering of the QE is something that is still very much on the horizon. The pair seems to be caught in a large range and hence the move higher has to be viewed as a bounce from the lows of the range. …Read More
GBP/USD
This pair also moved up on the back of dollar weakness and also on the hope that the UK PM May would help to push some progress into the Brexit talks with the Eurozone, which seems to have hit a stalemate of late. With the option of having no deal also on the table, it will be interesting to see the upcoming developments. …Read More
AUD/USD
The pair has been moving along with the other dollar based currencies but it has been under pressure over the last few days due to the fact that the gold prices have been moving lower during this period. The Aussie is expected to gain in strength in the medium term if and when the dollar gets weak. …Read More
USD/JPY
With the Japanese elections nearing and with Abe expected to become the Prime Minister again, we are seeing some yen weakness across the board and this has helped the pair to move towards the 113 region. This move is expected to continue in the short term as we head into the weekend. …Read More
This article was originally posted on FX Empire
