# Forex Major Currencies Outlook (Feb 01, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2016/ Language: en Updated: 2016-02-01 Description: Explore Forex Major Currencies Outlook (Feb 01, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a mixed performance as it advanced to the yen, euro, and pound but gave up ground to the commodity currencies. The US advanced GDP reading was slightly weaker than expected at 0.7% versus the projected 0.8% growth figure and the previous 2.0% expansion. However, the Chicago PMI came in stronger than expected and indicated a return to industry expansion. US personal income and spending data, along with the core PCE price index, are up for release today. The ISM manufacturing PMI is also lined up and a rise from 48.2 to 48.6 is expected. **EUR** The euro returned some of its recent forex wins, despite mixed data from the euro zone. German retail sales and Spanish flash CPI came in weaker than expected but the region’s core CPI estimate improved to 1.0%. Final manufacturing PMI readings from its largest economies are due today, followed by a testimony from ECB head Draghi. **GBP** The pound suffered a sharp selloff before the markets closed on Friday, as traders probably priced in expectations of more dovish remarks in this week’s BOE events. The Inflation Report, BOE statement, and MPC minutes are due on Thursday. UK manufacturing PMI and net lending to individuals figures are due today, along with mortgage approvals data. **CHF** The franc was also in a weak spot towards the end of last week’s trading sessions, as traders lightened up on their positions. Swiss data was actually better than expected, as the KOF economic barometer rose from 96.8 to 100.3. The Swiss manufacturing PMI is due today and a drop from 52.1 to 51.0 is eyed. **JPY** The yen lost a lot of ground on Friday when the BOJ decided to implement negative deposit rates. Earlier today, Japan’s manufacturing PMI reading was downgraded from 52.4 to 52.3 for January. **Commodity Currencies (AUD, NZD, CAD)** The comdolls took advantage of the yen selloff on Friday while also gaining ground on rising oil prices. Rumors of oil deals between Russia and OPEC nations propped prices up but these were dismissed by some Saudi officials. Earlier today, the Chinese official manufacturing PMI indicated a drop from 49.7 to 49.4 while the Caixin version showed an improvement from 48.2 to 48.4. *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-feb-01-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2016/", "headline": "Forex Major Currencies Outlook (Feb 01, 2016)", "inLanguage": "en", "datePublished": "2016-02-01T09:44:49+00:00", "dateModified": "2016-02-01T09:44:49+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 01, 2016). USDThe US. 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