# Forex Major Currencies Outlook (Apr 1, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-1-2016/ Language: en Updated: 2016-04-01 Description: Explore Forex Major Currencies Outlook (Apr 1, 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 volatile run as it initially sold off but was able to recoup its losses later on. Data from the US economy came in mixed, with initial jobless claims slightly missing expectations and the Chicago PMI coming in above consensus. According to Fed official Dudley, negative interest rates aren’t an option for the US economy just yet. The NFP is due today and a 206K gain in hiring is expected. **EUR** The euro was able to rake in gains when most of the data from the region came in stronger than expected. Only the German retail sales, Spanish flash CPI, and German unemployment change fell short but the French consumer spending, preliminary CPI, and euro zone final CPI readings posted strong readings. Final manufacturing PMI readings are due from the top euro zone economies today. **GBP** The pound was one of the weaker currencies as the UK current account balance posted a record deficit, overshadowing the positive revision in the Q1 GDP from 0.5% to 0.6%. The UK manufacturing PMI is due today and a rise from 50.8 to 51.4 is expected. **CHF** The franc advanced to the dollar despite the lack of data from Switzerland, as the currency likely took its cue from the euro. Swiss retail sales is due today and a 0.5% year-over-year increase is eyed. **JPY** The Japanese yen took advantage of the risk-off environment spurred by its downbeat Tankan survey results. The manufacturing component fell from 12 to 6, worse than the estimated drop to 8, while the non-manufacturing component slid from 25 to 22 instead of just dipping to 24. No other reports are due from Japan today. **Commodity Currencies (AUD, NZD, CAD)** The comdolls reacted positively to the Chinese PMI releases, as both the official and Caixin versions of the report printed improvements. The former climbed from 49.0 to 50.2 while the latter rose from 48.0 to 49.7. In Canada, the monthly GDP showed a 0.6% expansion versus the projected 0.3% growth figure. No other reports are due from the comdoll economies today. *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-1-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-1-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-1-2016/", "headline": "Forex Major Currencies Outlook (Apr 1, 2016)", "inLanguage": "en", "datePublished": "2016-04-01T05:33:13+00:00", "dateModified": "2016-04-01T05:33:13+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 1, 2016). USDThe US. 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