# Forex Major Currencies Outlook (December 16, 2013) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-16-2013/ Language: en Updated: 2013-12-16 Description: Explore Forex Major Currencies Outlook (December 16, 2013). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The Greenback barely reacted to weaker than expected PPI data on Friday, as it managed to hold on to its latest gains to the euro and the pound. Headline PPI showed a 0.1% decline while core PPI came in line with the consensus of a 0.1% increase. US Empire State manufacturing index and flash manufacturing PMI could be the movers for the dollar today, as both indices are expected to show improvements. Also due today are the revised non-farm productivity and labor costs data. Later on, we’ll see industrial production and capacity utilization figures as well. Overall, strong figures could allow the dollar to extend its rallies. **EUR** The euro was in a weak spot last Friday but it managed to start this week on a good note. However, this depends on the outcome of the upcoming PMI releases from France and Germany. Both manufacturing and services sectors of these economies are likely to show improvements, which could be very positive for the euro and allow EUR/USD to break past its previous highs. ECB President Draghi is set to give a speech later today and possibly add to the volatility among euro pairs. **GBP** The pound wasn’t on solid footing last Friday, as GBP/USD slid to the 1.6300 area and formed a reversal chart pattern. There are no reports lined up from the UK today, which suggests that the pound could trade sideways or continue to tread lower. Watch out for any changes in market sentiment that might also have an impact on pound pairs. **CHF** The franc held on to its gains against its counterparts, despite the SNB’s pledge to defend the peg. There were no major reports released from Switzerland last Friday and none are due today, which suggests that the Swiss currency could consolidate or keep rallying on risk aversion. **JPY** The yen got a dose of good news in today’s Asian trading session, as Japan’s Tankan figures printed stronger than expected results. The manufacturing component climbed from 12 to 16 while the non-manufacturing index improved from 14 to 20, reflecting strong prospects for the Japanese economy. This led some traders to believe that the strength in the economy means that there’s a lower likelihood of additional BOJ stimulus. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were off to a shaky start, although the Kiwi was able to enjoy a bit of support from better than expected Westpac consumer sentiment data. Over the weekend, New Zealand reported a climb from 115.4 to 120.1. However, the comdolls weren’t able to sustain their gains when China’s HSBC flash manufacturing PMI printed weaker than expected results. The figure was projected to improve from 50.5 to 51.0 but the actual figure came in at 50.5 and the previous month’s reading was revised from 50.5 to 50.8. No other reports are due from these economies for the rest of the day. *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-december-16-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-16-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-16-2013/", "headline": "Forex Major Currencies Outlook (December 16, 2013)", "inLanguage": "en", "datePublished": "2013-12-16T16:21:38+00:00", "dateModified": "2013-12-16T16:21:38+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (December 16, 2013). USDThe. 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-december-16-2013/#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 (December 16, 2013)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-16-2013/" } ] } ] } ``` ```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" } } ] } ```