# Forex Major Currencies Outlook (Aug 15, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2017/ Language: en Updated: 2017-08-15 Description: Explore Forex Major Currencies Outlook (Aug 15, 2017). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar recovered from its downbeat performance late last week, thanks to upbeat remarks from Fed official Dudley and a positive close for equities. Although it has been reported that Kim Jong Un has been briefed about the missile strike plan on Guam, he did note that they’ll wait and see how the US acts first. US retail sales data are lined up next and rebounds are eyed. **EUR** The euro gave up some ground upon seeing downbeat industrial production data. The report printed a 0.6% drop versus the estimated 0.4% dip while the previous reading was downgraded to 1.2%. German preliminary GDP is due next and a 0.7% growth figure is eyed while French and Italian banks are closed for the holiday. **GBP** The pound tried to hold its ground as traders are pricing in expectations for the upcoming CPI release. The headline reading is projected to rebound from 2.6% to 2.7% while the core reading could tick up from 2.4% to 2.5%. Weaker than expected data, however, could lead to more losses for the UK currency. **CHF** The franc gave up some of its recent gains as risk appetite improved in the markets. There were no reports out of the Swiss economy yesterday while the PPI is lined up today. A flat reading is eyed after the report printed a 0.1% dip in the previous period. **JPY** The yen was also weaker against most of its peers as risk-taking appeared to return or traders booked profits from their earlier long positions. Japan’s revised industrial production report is lined up but no revisions to the initial 1.6% estimate are eyed. Market sentiment could continue driving yen pairs from here. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were still in a weak spot even with the pickup in risk-taking. WTI crude oil edged down on looming NAFTA renegotiations while downbeat data from China also weighed on the Aussie and Kiwi. Chinese industrial production slipped from 7.6% to 6.4% while retail sales fell from 11% to 10.4%. RBA minutes are due next and New Zealand will have its GDT auction in the next Asian session. *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-15-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2017/", "headline": "Forex Major Currencies Outlook (Aug 15, 2017)", "inLanguage": "en", "datePublished": "2017-08-15T06:22:28+00:00", "dateModified": "2017-08-15T06:22:28+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 15, 2017). USD The 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-15-2017/#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, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-15-2017/" } ] } ] } ``` ```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" } } ] } ```