# Forex Major Currencies Outlook (Feb 18, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-18-2016/ Language: en Updated: 2016-02-18 Description: Explore Forex Major Currencies Outlook (Feb 18, 2016). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a volatile run during the release of the FOMC minutes but was mostly unchanged against its counterparts, except for the commodity currencies. Fed officials highlighted the increased downside risks to growth and inflation but data released earlier in the day printed strong results, particularly for the PPI and industrial production figures. The Philly Fed index and initial jobless claims data are up for release today. **EUR** The euro gave up some ground in recent trading sessions as there were no major reports to keep it supported. Only the euro zone current account balance and ECB meeting minutes are up for release today, with dovish remarks from policymakers likely to weigh on the shared currency. **GBP** The pound suffered a sharp selloff against its currency rivals even though the claimant count change came in better than expected. Joblessness fell by 14.8K versus the projected 2.9K decline while the previous reading enjoyed a positive revision. However, the jobless rate held steady at 5.1% while the average earnings index fell from 2.0% to 1.9% as expected. **CHF** The franc gave up more ground against its peers, as the Swiss ZEW economic expectations index slid from -3.0 to -5.9. The Swiss trade balance is due today and a wider surplus of 2.67 billion CHF compared to the earlier 2.54 billion CHF is expected. Also lined up are the Q3 and Q4 employment level data. **JPY** The Japanese yen lost ground to the commodity currencies when risk appetite improved. There were no reports out of Japan then but speculations of additional easing in their next policy statement continued to weigh on the Japanese currency. **Commodity Currencies (AUD, NZD, CAD)** The Canadian dollar continued to rally in hopes that a deal will be reached among oil producers soon. Iran has expressed support for the proposal to cap production but hasn’t committed to participating. Earlier today, New Zealand printed a 1.2% decline in PPI input prices and a 0.8% drop in PPI output prices. Australia reported a 7.9K drop in hiring and an increase in the jobless rate from 5.8% to 6.0%. *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-18-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-18-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-18-2016/", "headline": "Forex Major Currencies Outlook (Feb 18, 2016)", "inLanguage": "en", "datePublished": "2016-02-18T07:29:09+00:00", "dateModified": "2016-02-18T07:29:09+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 18, 2016). USD The 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-18-2016/#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 18, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-18-2016/" } ] } ] } ``` ```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" } } ] } ```