# Forex Major Currencies Outlook (Aug 17, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-17-2016/ Language: en Updated: 2016-08-17 Description: Explore Forex Major Currencies Outlook (Aug 17, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was off to a weak start but soon made a rebound against most of its peers. Talk of potential rate hikes from Fed officials renewed dollar strength as traders are setting up for the release of the FOMC meeting minutes later today. US data came in mixed, with the headline CPI staying flat as expected and the core CPI coming short of expectations with a 0.1% uptick versus the projected 0.2% gain. Housing starts, industrial production, and capacity utilization beat expectations. **EUR** The euro took advantage of dollar weakness in earlier trading sessions then consolidated afterwards. Data from the euro zone was mixed, as the German ZEW index rose from -6.8 to +0.5, short of the estimated +2.1 figure, while the region’s ZEW was up from -14.7 to +4.6 versus the projected -6.3 reading. There are no reports due from the euro zone today. **GBP** The pound was a big winner for the day, thanks to stronger than expected UK CPI data. The headline reading rose from 0.5% to 0.6% while the core CPI was unchanged at 1.3% as expected. Meanwhile, underlying and leading inflation reports such as the producer price index, HPI, and RPI beat expectations also. UK jobs data is due today, with the July claimant count slated to show a 5.2K rise in joblessness and the June jobless rate to stay unchanged at 4.9%. The average earnings index is expected to rise from 2.3% to 2.5% to reflect stronger wage pressures. **CHF** The franc was also able to take advantage of dollar weakness and hold on to some of its wins. There were no reports out of the Swiss economy yesterday while today has the ZEW economic expectations index. Any improvement from the earlier 5.9 reading could be bullish for the franc. **JPY** The yen chalked up strong gains to the dollar and held its ground against most of its peers, except the pound. There were no reports out of the Japanese economy yesterday and none are lined up today so risk sentiment could push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The Aussie and Kiwi posted some gains for the day but the Loonie was still the biggest winner in the bunch, thanks to another pickup in crude oil prices. In New Zealand, the GDT auction yielded an impressive 12.7% gain in dairy prices and traders are still waiting on the quarterly jobs readings. Australia has its MI leading index and quarterly wage price index due next. *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-17-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-17-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-17-2016/", "headline": "Forex Major Currencies Outlook (Aug 17, 2016)", "inLanguage": "en", "datePublished": "2016-08-17T06:45:45+00:00", "dateModified": "2016-08-17T06:45:45+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 17, 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-17-2016/#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 17, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-17-2016/" } ] } ] } ``` ```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" } } ] } ```