# Forex Major Currencies Outlook (Apr 29, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-29-2015/ Language: en Updated: 2015-04-29 Description: Explore Forex Major Currencies Outlook (Apr 29, 2015). USDDollar. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** Dollar traders seem to be reducing their long positions ahead of the FOMC interest rate statement in today’s US session, as the currency gave up more ground to its forex counterparts. It didn’t help that US data was weaker than expected, with the CB consumer confidence index falling from 101.4 to 95.2 instead of improving to the projected 102.6 figure. The Richmond manufacturing index was also weaker than expected, although it did improve from -8 to -3. Also lined up today is the US advanced GDP reading, which might show a 1.0% growth figure, weaker than the 2.2% expansion for the previous quarter. **EUR** The euro continued to climb against the dollar but was mostly weaker against the rest of its forex counterparts, as traders have started to become impatient about the Greek debt situation. There have been no reports released from the euro zone then while today has the German preliminary CPI reading on tap. A 0.1% decline in price levels is expected, down from the previous 0.5% uptick in inflation. **GBP** The pound managed to advance against the dollar despite weaker than expected UK GDP, but was slightly weaker to its other forex rivals. The economy posted a 0.3% growth figure for the first quarter, lower than the projected 0.5% expansion and the previous 0.6% GDP reading. No major reports are due from the UK today. **CHF** The franc gave up ground to its forex counterparts despite the lack of top-tier data from Switzerland. Only the UBS consumption indicator is due today and this might not be enough to stop the franc’s bleeding, although a small improvement from the previous 1.19 figure is expected. **JPY** The yen was off to a rocky start, thanks to a downgrade from Fitch ratings agency and a weaker than expected retail sales report. Consumer spending slumped by 9.7% in March, much worse than the estimated 7.4% drop and the previous 1.7% slide. The yen managed to recover as risk aversion settled in and traders moved their safe-haven holdings from the dollar to the Japanese currency. **Commodity Currencies (AUD, NZD, CAD)** The comdolls advanced against the dollar in recent trading sessions, as a few improvements in Australia and New Zealand were seen. Australia’s CB leading index showed a 0.5% gain for February while New Zealand reported a higher than expected trade surplus of 631 million NZD. Later on, the RBNZ is set to make its monetary policy decision and dovish remarks might force the Kiwi to retreat. *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-29-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-29-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-29-2015/", "headline": "Forex Major Currencies Outlook (Apr 29, 2015)", "inLanguage": "en", "datePublished": "2015-04-29T07:43:08+00:00", "dateModified": "2015-04-29T07:43:08+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 29, 2015). USDDollar. 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