# Forex Major Currencies Outlook (Aug 15, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2016/ Language: en Updated: 2016-08-15 Description: Explore Forex Major Currencies Outlook (Aug 15, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar sold off briefly against its counterparts on Friday when the retail sales report missed expectations. Headline consumer spending was flat while the core version of the report showed a 0.3% drop. PPI readings were also below consensus, with a 0.4% drop in the headline figure and a 0.3% decline for the core reading. The preliminary consumer sentiment index was also lower than expected at 90.4, hinting at weaker consumer spending later on. Only the Empire State manufacturing index is due today and a rise from 0.6 to 2.1 is expected. **EUR** The euro took advantage of dollar weakness on Friday but was off to a weak start this week, even though most banks in the region are closed for the holiday. Germany’s preliminary GDP beat expectations with 0.4% growth while Italy’s flash GDP was weaker than expected with its flat reading. The region’s growth figure stood at 0.3% as expected. **GBP** The pound was the weakest of the bunch, as traders likely positioned ahead of this week’s top-tier UK releases. Construction input was also weaker than expected with a 0.9% decline while the Rightmove HPI showed a 1.2% fall in house prices. No other reports are due from the UK today but there could be some pricing in ahead of the CPI data due tomorrow. **CHF** The franc was barely able to hold on to its recent gains to the dollar as there were no reports to give the Swiss currency a boost on Friday. Today has the PPI on tap and a 0.2% drop in producer prices is eyed, likely to weigh on overall inflation down the line. **JPY** The yen slid lower to start the week after Japan’s preliminary GDP reading came in flat for Q2 versus the projected 0.2% expansion. On a less downbeat note, the previous reading was upgraded to 0.5% while the price index beat expectations at 0.8%. **Commodity Currencies (AUD, NZD, CAD)** The comdolls had a mixed performance, as the Aussie and Kiwi lagged while the Loonie held on to its gains. Expectations of a production cut in the upcoming OPEC informal meeting are supporting crude oil prices and the positively correlated Canadian currency for now while Australia and New Zealand might be facing weaker demand for commodity products due to weaker than expected demand from China. Industrial production, retail sales, and fixed asset investment all declined and missed expectations last week. *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-aug-15-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2016/", "headline": "Forex Major Currencies Outlook (Aug 15, 2016)", "inLanguage": "en", "datePublished": "2016-08-15T08:14:53+00:00", "dateModified": "2016-08-15T08:14:53+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 15, 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-15-2016/#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 15, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2016/" } ] } ] } ``` ```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" } } ] } ```