# Forex Major Currencies Outlook (Apr 05, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-05-2016/ Language: en Updated: 2016-04-05 Description: Explore Forex Major Currencies Outlook (Apr 05, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a mixed performance as it functioned as a counter currency due to the lack of top-tier data. Factory orders turned out weaker than expected with a 1.7% decline versus the projected 1.5% fall while the labor market conditions index rose from -2.5 to -2.1. For today, the US trade balance and ISM non-manufacturing PMI are up for release. **EUR** The euro was able to score some gains against the comdolls and the dollar despite mixed data from the region. Spain’s unemployment change figure showed a large reduction in joblessness of 58.2K versus the projected 28K gain while the euro zone Sentix investor confidence index rose from 5.5 to 5.7, short of the estimated climb to 6.9. German factory orders and services PMI readings from Spain and Italy are due today. **GBP** The pound was able to recover against its peers when the UK construction PMI came in line with expectations and held steady at 54.2. The services PMI is due today and a rise from 52.7 to 53.9 is expected, with stronger than expected data likely to yield more gains for the UK currency. **CHF** The franc was supported by risk aversion but its gains were limited when SNB head Thomas Jordan acknowledged the possibility of negative interest rates. There were no reports out of Switzerland yesterday and none are due today. **JPY** The yen gained ground against the commodity currencies and the dollar when risk aversion came back in play. Average cash earnings in Japan showed a 0.9% gain versus the projected 0.2% uptick and the previous flat reading. **Commodity Currencies (AUD, NZD, CAD)** The comdolls retreated from their rallies when news of Saudi Arabia blocking Iranian oil shipments broke out. Crude oil fell below $36/barrel on these reports, weighing on the oil-related Loonie. In New Zealand, the NZIER business confidence index slumped from 15 to 2 while ANZ commodity prices showed a 1.3% drop. The RBA statement and Australian trade balance are lined up next while NZ will have a dairy auction later on. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-05-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-05-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-05-2016/", "headline": "Forex Major Currencies Outlook (Apr 05, 2016)", "inLanguage": "en", "datePublished": "2016-04-05T06:27:03+00:00", "dateModified": "2016-04-05T06:27:03+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 05, 2016). USDThe US. 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