# Forex Major Currencies Outlook (Apr 13, 2018)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-13-2018/
Language: en
Updated: 2018-04-13
Description: Explore Forex Major Currencies Outlook (Apr 13, 2018). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US currency was able to draw a bid in recent sessions thanks mostly to improving investor sentiment on cooling geopolitical risks from China and Syria.



Still, it’s worth noting that a source reported that the US is targeting eight zones in Syria. US preliminary UoM consumer sentiment and inflation expectations are lined up today and these could allow the Greenback to extend its climb if the numbers turn out stronger than expected.



**EUR**



The euro returned some of its recent gains, likely on profit-taking from the recent surge stemming from hawkish ECB commentary. Improved risk sentiment also dampened demand for the currency, which typically enjoys some safe-haven demand. The ECB minutes were also failed to give the shared currency a boost. German final CPI and the region’s trade balance are due next.



**GBP**



The pound was able to hold its ground in recent sessions thanks to upbeat remarks from Brexit minister Davis. He noted that both sides are aiming to iron out the details by October, which lessens the uncertainty for businesses. There are no major reports due from the UK today so Brexit updates could drive pound pairs around.



**CHF**



The franc lost ground as risk appetite returned to financial markets on easing geopolitical tensions. There were no reports to support the Swiss currency yesterday and none are due today so sentiment could stay in play.



**JPY**



The yen was also in a weak spot on improving risk appetite and rising US bond yields. There were no reports to prop up the yen yesterday and none are lined up today so sentiment could push yen pairs around until the end of the trading week.



**Commodity Currencies (AUD, NZD, CAD)**



The comdolls continued to rake in gains on improving risk sentiment thanks to easing concerns about a trade war with China and a military strike in Syria. Crude oil dipped slightly in anticipation of an increase in oil rig counts but the Loonie managed to hold its ground. China reported a surprise trade deficit of 30 billion CNY, weighing slightly on AUD and NZD in the Asian session.



*By Kate Curtis from Trader’s Way*

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