# Forex Major Currencies Outlook (Dec 29, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2016/ Language: en Updated: 2016-12-29 Description: Explore Forex Major Currencies Outlook (Dec 29, 2016). USDPrice. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** Price action for dollar pairs was still subdued even as US data disappointed. Pending home sales slipped 2.5% instead of posting the projected 0.6% increase. Initial jobless claims, goods trade balance, and preliminary wholesale inventories are up for release today. **EUR** The euro continued to advance against its peers as traders seemed to shrug off Italian banking sector concerns. There were no reports out of the region yesterday while today has only a few low-tier figures lined up, namely private loans, M3 money supply, and the Italian 10-year bond auction. **GBP** The pound also struggled to establish a clear direction in recent trading as UK data missed expectations. BBA mortgage approvals came in at 40.7K, down from the earlier 40.8K figure and short of the estimated 41.6K reading. Nationwide HPI is up for release today and a 0.2% uptick in house prices is eyed. **JPY** Yen pairs moved mostly sideways as Japan paused from releasing downbeat data. Recent reports have been mostly in the red, although retail sales reflected a stronger than expected 1.7% rise versus the 0.9% consensus. There are no reports due from Japan today so market sentiment could be in play. **Commodity Currencies (AUD, NZD, CAD)** The comdolls continued to reel from risk aversion as there were no upbeat reports to save the day. US crude oil inventories data is due today and a draw of 1.3 million barrels is eyed, easing fears of an oversupply and boosting prices. Australia is set to print its private sector credit data 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-dec-29-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2016/", "headline": "Forex Major Currencies Outlook (Dec 29, 2016)", "inLanguage": "en", "datePublished": "2016-12-29T09:14:03+00:00", "dateModified": "2016-12-29T09:14:03+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Dec 29, 2016). 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