# Forex Major Currencies Outlook (Feb 01, 2018) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2018/ Language: en Updated: 2018-02-01 Description: Explore Forex Major Currencies Outlook (Feb 01, 2018). USDThe FOMC. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The FOMC statement led to a bit of a boost for the dollar on stronger inflation expectations and the addition of the word “further” in projecting more tightening moves. Data also turned out mostly upbeat, with the ADP beating expectations for January even as the previous reading was downgraded. ISM manufacturing PMI is due today and a fall from 59.7 to 58.7 is expected. **EUR** The euro held its ground against most of its peers as CPI figures came in line with expectations. The headline estimate dipped from 1.4% to 1.3% while the core reading rose to 1.0%. Final manufacturing PMI readings are due from the region’s top economies today. **GBP** The pound gave up some ground earlier in the day on reports that the EU might reject a trade proposal that would have little barriers for the UK in accessing the shared market. UK manufacturing PMI is due today and an uptick from 56.3 to 56.5 is eyed, with strong data likely boosting sterling once more. **CHF** The franc had a mixed run but was mostly in the green as it advanced to the yen, dollar, and commodity currencies. Swiss reports were weak, though, with both the UBS consumption indicator and Credit Suisse economic expectations index sliding lower. Swiss retail sales, manufacturing PMI, and SECO consumer climate figures are due next. **JPY** The yen was in a weak spot as risk appetite improved for the most part of the day and the dollar took back its share of safe-haven gains. Japan’s final manufacturing PMI enjoyed an upgrade from 54.4 to 54.8 to reflect a stronger pace of expansion than initially reported. The bond auction is due next. **Commodity Currencies (AUD, NZD, CAD)** The Aussie and Kiwi were in rally and reverse mode, particularly against the dollar. Data from Australia was mixed, with the CPI figures showing slight dips but business indicators stayed strong. China’s manufacturing PMI also dipped slightly based on official data but the Caixin figure was unchanged. Crude oil managed to hold its ground despite the surprise build in EIA stockpiles as the OPEC showed strong compliance to its output deal. *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-01-2018/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2018/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-01-2018/", "headline": "Forex Major Currencies Outlook (Feb 01, 2018)", "inLanguage": "en", "datePublished": "2018-02-01T06:47:51+00:00", "dateModified": "2018-02-01T06:47:51+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 01, 2018). USDThe FOMC. 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