# Forex Major Currencies Outlook (Apr 07, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-07-2017/ Language: en Updated: 2017-04-07 Description: Explore Forex Major Currencies Outlook (Apr 07, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was mostly stuck in consolidation against its peers as traders appear to be waiting for the NFP report and for geopolitical risks to subside. The Challenger job cuts report showed a 17% increase in March while initial jobless claims dropped to 234K versus the projected 251K figure. The NFP could show an increase of 174K in hiring, which should be enough to keep the unemployment rate unchanged at 4.7%. **EUR** The euro gave up some ground after ECB Governor Draghi admitted that they may have been too early to call the pickup in inflation. A couple of policymakers echoed this sentiment in the ECB meeting minutes. German factory orders came in line with estimates of a 3.4% gain and industrial production and trade balance data are due today. French trade balance and industrial production are also up for release. **GBP** The pound shed some ground as Brexit jitters resurfaced, with traders worrying that neither the UK nor the EU will soften their stance during the negotiations. UK manufacturing and industrial production reports are lined up today. The former could show a 0.3% gain while the latter is slated to post a 0.2% uptick. The goods trade balance is also due, along with the UK Halifax HPI. **CHF** The franc had another mixed day as the lack of catalysts from Switzerland left the currency reacting to country-specific events. The Swiss jobless rate is due today and no change from the earlier 3.3% reading is eyed. SNB foreign currency reserves data is also on the docket, possibly providing clues as to whether the central bank is intervening or not. **JPY** The yen kicked higher in the Asian session as headlines revealed that the US launched airstrikes on Syria in response to the chemical attack earlier this week. Japanese average cash earnings rose 0.4% versus the projected 0.5% gain while the earlier reading was downgraded to 0.3%. **Commodity Currencies (AUD, NZD, CAD)** The commodity currencies turned lower as risk aversion peeked back in the markets on news of the US military response to Syria. Canadian building permits slid 2.5% and the jobs report is up for release next. Analysts are expecting to see a 5.7K increase in hiring and an uptick in the jobless rate to 6.7%. Canada’s Ivey PMI is also due and a recovery from 55.0 to 56.3 is eyed. *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-07-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-07-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-07-2017/", "headline": "Forex Major Currencies Outlook (Apr 07, 2017)", "inLanguage": "en", "datePublished": "2017-04-07T07:29:22+00:00", "dateModified": "2017-04-07T07:29:22+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 07, 2017). USDThe US. 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