# Forex Major Currencies Outlook (Aug 08, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-08-2016/ Language: en Updated: 2016-08-08 Description: Explore Forex Major Currencies Outlook (Aug 08, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar popped higher on Friday, thanks to stronger than expected NFP data. The economy added 255K jobs in July versus the projected 180K increase. In addition, the June figure was upgraded from 287K to 292K but the jobless rate was unchanged at 4.9% instead of falling to the projected 4.8% figure. There are no major reports due from the US economy today. **EUR** The euro slumped to the dollar and commodity currencies but managed to hold steady to the pound and yen. Data from the euro zone came in mixed as German factory orders posted a weaker than expected 0.4% drop while the French trade balance showed a smaller than expected deficit. Euro zone Sentix investor confidence data and German industrial production data are due today. **GBP** The pound was still mostly weaker against its peers on Friday as traders are still reeling from the BOE’s decision to expand its easing program. In addition, UK house prices saw a sharper than expected 1.0% fall versus the projected 0.1% dip according to Halifax. There are no reports due from the UK economy today. **CHF** The franc lost ground to most of its forex rivals on Friday after the Swiss foreign currency reserves showed a rise from 609 billion CHF to 615 billion CHF, suggesting that monetary authorities might be interfering to weaken the franc in the forex market. Swiss CPI is due today and a 0.5% decline in price levels is eyed. **JPY** The yen weakened against most of its forex counterparts on Friday as traders moved their funds to the dollar. Over the weekend, Japan printed a better than expected trade balance of 1.65T JPY. There are no reports due from Japan today so yen pairs could be sensitive to market sentiment. **Commodity Currencies (AUD, NZD, CAD)** The Canadian dollar gave up ground on Friday as jobs data from Canada came in way below expectations. The economy lost 31.2K jobs in July versus the projected 10.2K gain while the jobless rate rose from 6.8% to 6.9%. Canada’s Ivey PMI rose from 51.7 to 57.0 to indicate a faster pace of industry growth. Earlier today, ANZ reported a decline of 0.8% in Australian job advertisements. China’s trade balance showed a larger than expected surplus, keeping the Aussie supported for now. *By Kate Curtis fromTrader’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-aug-08-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-08-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-08-2016/", "headline": "Forex Major Currencies Outlook (Aug 08, 2016)", "inLanguage": "en", "datePublished": "2016-08-08T08:35:38+00:00", "dateModified": "2016-08-08T08:35:38+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 08, 2016). 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-aug-08-2016/#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 (Aug 08, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-08-2016/" } ] } ] } ``` ```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" } } ] } ```