Forex Outlook: EUR/USD, GBP/USD, USD/JPY
SGT Markets | Oct 16, 2017 08:15AM ET
EUR/USD
During the Asian trade, the euro weakened strongly against the dollar as the results of the parliamentary elections in Austria, which generally marked a turn to the "right." Today, an ultimatum highlights the ultimatum left by the central government in Madrid by the leaders of the Catalan Independents - to determine whether they are heading for independence or not. At around 08:15, the euro is exchanging for $ 1.1794, which at the beginning of the European session shows a gain of 0.24%. At 11:00, data on the state of trade balance of the euro zone are expected, which in the presence of large topics can not leave a strong and long-term impression on this currency pair.
GBP/USD
During Asian trading, the weakness of the pound against the dollar is recorded. At around 8:20 pm, this currency pair is at $ 1,3281 for a pound, which means a gain of 0.05%. Today, there are no economic news from the UK, and at 1430 hours, it is expected to publish the level of the processing index (big) of the state of New York.
USD/JPY
During the Asian trade, the Japanese yen slightly strengthened against the dollar. Data on capacity utilization was above expectations while industrial production in Japan was the tenth of the percentage below expectations (+ 2%). At around 8:35 am, the pair is trading at 111.74 yen per dollar, which at the beginning of the European session makes the yen stronger than the dollar by 0.06%. At 14:30, it is expected to publish the level of the NY Empire State Manufacturing Index.
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