# Forex Major Currencies Outlook (Feb 3, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-3-2016/ Language: en Updated: 2016-02-03 Description: Explore Forex Major Currencies Outlook (Feb 3, 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 in recent trading sessions, as it advanced to the commodity currencies but retreated to the yen and European currencies. There were no major reports out of the US then, leaving the Greenback to function as a counter currency. For today the ADP non-farm employment change is due, along with the ISM non-manufacturing PMI. **EUR** The euro was able to advance against the dollar but weakened to the yen, even as employment data from Germany and Spain came in stronger than expected. Spain’s unemployment increased less than expected while Germany reported a drop in joblessness of 20K. Final services PMI readings are due from the euro zone’s top economies today. **GBP** The pound shrugged off weaker than expected construction PMI as it rallied against its forex counterparts. The report showed a drop from 57.8 to 55.0, worse than the projected fall to 57.6. For today, the services PMI is due and a dip from 55.5 to 55.4 is eyed. **CHF** The franc regained a bit of ground when SNB Thomas Jordan gave his testimony, as the central bank head refrained from jawboning the currency. Data from Switzerland was still weaker than expected, with retail sales down by an annualized 1.6% versus the estimated 1.3% decline. There are no reports due from the Swiss economy today. **JPY** The yen got back on its feet when risk aversion returned during the US trading session. There were no major reports out of Japan yesterday while today had the BOJ meeting minutes released. BOJ Kuroda also has a testimony lined up and this might spur additional volatility among yen pairs. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave up their recent wins when oil supply concerns dominated the headlines again. The API report showed an increase of 3.387 million barrels of crude oil while other energy supplies also piled up. In New Zealand, the dairy auction showed a 7.4% slump in dairy prices while the employment report printed strong headline figures. Underlying data, however, revealed weaker labor force participation. In Australia, building approvals beat expectations but the trade balance came in short. Crude oil inventories from the EIA are due next. *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-3-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-3-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-3-2016/", "headline": "Forex Major Currencies Outlook (Feb 3, 2016)", "inLanguage": "en", "datePublished": "2016-02-03T06:40:30+00:00", "dateModified": "2016-02-03T06:40:30+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 3, 2016). USDThe US. 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