# Forex Major Currencies Outlook (Apr 06, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-06-2017/ Language: en Updated: 2017-04-06 Description: Explore Forex Major Currencies Outlook (Apr 06, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was in a weak spot against its peers as the FOMC minutes focused on the idea of adjusting the balance sheet and the fact that fiscal stimulus might not take effect until next year, something that was underscored by Speaker Paul Ryan who said that tax reform could take longer than the healthcare overhaul. Data came in mixed, as the ADP non-farm employment change reading came in at 263K versus 184K while the ISM non-manufacturing PMI dipped from 57.6 to 55.2 **EUR** The euro had a mixed performance as it reacted mostly to currency-specific events. Economic data turned out mostly weaker than expected as the final services PMI readings were downgraded. German factory orders data is due today, along with the ECB meeting minutes. **GBP** The pound rebounded against its peers as the UK services PMI climbed from 53.3 to 55.0, higher than the consensus at 53.5. Only the housing equity withdrawal report is lined up next and UK manufacturing production and a speech by BOE Governor Carney are lined up on Friday. **CHF** The franc also had a mixed performance as it functioned mostly as a counter currency. There were no reports out of the Swiss economy yesterday and only the CPI is up for release today. A 0.2% uptick is eyed, slower than the earlier 0.5% increase. **JPY** The Japanese yen gave up some gains against its counterparts earlier in the day but later on resumed their climb as US bond yields declined. The Japanese consumer confidence index is still up for release and a climb from 43.1 to 43.5 is expected. **Commodity Currencies (AUD, NZD, CAD)** The comdolls slid lower to the yen and the European currencies as risk aversion remained in play. Crude oil inventories increased by 1.6 million barrels instead of falling by 0.1 million barrels. The Chinese Caixin services PMI dropped from 52.6 to 52.2 instead of improving to the 53.2 consensus. Canadian building permits is due next. *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-06-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-06-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-06-2017/", "headline": "Forex Major Currencies Outlook (Apr 06, 2017)", "inLanguage": "en", "datePublished": "2017-04-06T08:51:09+00:00", "dateModified": "2017-04-06T08:51:09+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 06, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-06-2017/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "Forex Major Currencies Outlook (Apr 06, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-06-2017/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```