# Forex Major Currencies Outlook (Feb 03, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-03-2017/ Language: en Updated: 2017-02-03 Description: Explore Forex Major Currencies Outlook (Feb 03, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was able to take a break from its slide when traders started pricing in strong NFP results. The consensus is for a 170K gain in hiring but analysts seem to be looking forward to a reading above 200K which might reinforce the Fed’s hawkish bias. Average hourly earnings could show a 0.3% uptick while the jobless rate is projected to hold steady at 4.7%. **EUR** The euro was mostly weaker against its peers even though data came in closely in line with expectations. The Spanish unemployment change figure came in at 57.3K versus the projected 60.2K reading while PPI was at 0.7% versus 0.5%. For today, final services PMI readings are due from the top euro zone economies, as well as the region’s retail sales figure. **GBP** The pound rallied then reversed with the BOE statement, as the central bank kept policy unchanged as expected. Policymakers upgraded growth forecasts but kept inflation estimates unchanged, hinting that they’re not looking to hike anytime soon. UK services PMI is due today and a fall from 56.2 to 55.8 is expected. **CHF** The franc caved to dollar strength but held on to its gains against the euro and the pound. Swiss retail sales posted a surprise 3.5% slump instead of the projected 0.5% uptick year-over-year. There are no reports due from the Swiss economy today. **JPY** The Japanese yen regained ground against the European currencies but consolidated to the commodity currencies. There are no reports due from Japan today so the yen could be driven by bond yields in reaction to the US NFP release. **Commodity Currencies (AUD, NZD, CAD)** The commodity currencies managed to hold on to their gains against most of their counterparts, particularly the Aussie which was boosted by strong trade balance and building approvals reports earlier in the day. The Chinese Caixin manufacturing PMI showed a steeper fall from 51.9 to 51.0 versus the projected dip to 51.8. In New Zealand, ANZ commodity prices slipped 0.1%. Trump’s threats on Iran also brought some jitters to the oil market. *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-03-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-03-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-03-2017/", "headline": "Forex Major Currencies Outlook (Feb 03, 2017)", "inLanguage": "en", "datePublished": "2017-02-03T07:49:40+00:00", "dateModified": "2017-02-03T07:49:40+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 03, 2017). 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-feb-03-2017/#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 (Feb 03, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-03-2017/" } ] } ] } ``` ```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" } } ] } ```