# Forex Major Currencies Outlook (February 10, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-10-2014/ Language: en Updated: 2014-02-10 Description: Explore Forex Major Currencies Outlook (February 10, 2014). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar closed Friday on a weak note because the US non-farm payrolls report printed weaker than expected results. The actual figure came in at 113K versus the estimate at 180K, following December’s dismal jobs data. However, the jobless rate ticked down from 6.7% to 6.6% in January, mostly because of a decline in the participation rate. Traders are starting to price in dovish remarks for Yellen’s first testimony in front of Congress this week. There are no major reports due from the US today so the post-NFP reaction of the dollar might carry on. **EUR** The euro had a nice rebound on Friday, thanks to better than expected medium-tier data from Germany and France. The shared currency also took advantage of dollar weakness after the bleak NFP release. The German trade balance showed a higher than expected surplus of 18.5 billion EUR versus the estimate at 17.3 billion EUR while the previous period’s figure was revised higher. The French trade balance also printed good results, with a smaller than expected trade deficit. French and Italian industrial production figures are up for release in today’s London session, along with the euro zone Sentix investor confidence report. **GBP** The pound was able to bounce off its previous lows on Friday, although UK reports came in mixed. Manufacturing production increased by 0.3%, weaker than the estimated 0.6% growth, while the previous month’s figure was revised down to show a 0.1% decline. However, the trade balance turned out better than expected with a smaller shortfall of 7.7 billion GBP instead of the estimated 9.3 billion GBP deficit. There are no reports lined up from the UK today so the pound might be in for a bit of consolidation. **CHF** The franc was able to benefit from dollar weakness last week, as USD/CHF edged back to the bottom of the rising channel on its short-term time frames. Data from Switzerland has actually been weaker than expected, with a mere 2.3% increase in retail sales versus the estimated 3.9% gain and an increase in foreign currency reserves. The Swiss jobless rate is up for release today and a 3.2% figure is eyed, same as the previous month’s reading. **JPY** The yen lost ground to its major counterparts on Friday as risk appetite improved in the earlier sessions. However, volatility for USD/JPY picked up when the US NFP figure was released, although the yen still ended the day with losses. Earlier today, Japan printed a weaker than expected current account balance of -0.20 trillion JPY versus the estimated 0.06 trillion JPY shortfall. No other reports are lined up from Japan today so risk sentiment might push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The comdolls struggled to rake in more gains to the dollar on Friday, with the Loonie and Kiwi both ending up successful. Jobs data from Canada was better than expected, as the economy added 29.4K jobs in January and pushed the jobless rate down from 7.2% to 7.1%. Canadian housing starts are up for release today and another strong figure might push USD/CAD to new lows. No reports are due from Australia and New Zealand today. *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-february-10-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-10-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-10-2014/", "headline": "Forex Major Currencies Outlook (February 10, 2014)", "inLanguage": "en", "datePublished": "2014-02-10T12:35:42+00:00", "dateModified": "2014-02-10T12:35:42+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (February 10, 2014). USDThe. 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-february-10-2014/#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 (February 10, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-10-2014/" } ] } ] } ``` ```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" } } ] } ```