# Forex Major Currencies Outlook (Feb 5, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-5-2016/ Language: en Updated: 2016-02-05 Description: Explore Forex Major Currencies Outlook (Feb 5, 2016). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar suffered another sharp selloff in yesterday’s New York session when data from the economy came in below expectations. Initial jobless claims rose 285K versus the projected 279K increase while factory orders slumped 2.9%. Up ahead, the NFP is slated to show a 189K gain in hiring, weaker compared to the previous 292K increase but still likely enough to keep the jobless rate at 5.0%. **EUR** The euro took advantage of dollar weakness and managed to post some gains against some of its peers as well. Euro zone growth forecasts were actually revised lower but it looks like this was already priced in. German factory orders data is due today and a 0.3% decline is set to follow the previous 1.5% gain. **GBP** The pound was one of the weakest performers when the BOE Super Thursday was more dovish than expected. Policymakers voted unanimously to keep rates on hold, with McCafferty rejoining the doves and backing down from his previous calls to hike. The BOE Inflation Report also featured downgrades on growth and inflation. There are no reports due from the UK today. **CHF** The franc regained ground when the Swiss SECO consumer climate index improved from -18 to -14, slightly higher than the estimated climb to -15. The Swiss foreign currency reserves report is due today and a large increase could lead to speculations of currency intervention, which might then drive the franc much lower. **JPY** The yen took advantage of the risk-off flows yesterday, especially after the BOE reports came out. There were no reports lined up from Japan then while today has the leading indicators due. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were able to carry on with their rallies, as oil prices posted more gains. Rumors that Turkey is gearing up to invade Syria could put additional downside pressure on supply, which could keep prices afloat. Australian retail sales came in flat instead of showing the estimated 0.5% gain for December. Canada’s jobs report is due next and a 5.2K gain in hiring is eyed. *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-5-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-5-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-5-2016/", "headline": "Forex Major Currencies Outlook (Feb 5, 2016)", "inLanguage": "en", "datePublished": "2016-02-05T06:49:36+00:00", "dateModified": "2016-02-05T06:49:36+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 5, 2016). USD The US. 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