# Forex Major Currencies Outlook (February 13, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-13-2014/ Language: en Updated: 2014-02-13 Description: Explore Forex Major Currencies Outlook (February 13, 2014). USDData. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** Data was light in the US session but that didn’t stop the Greenback from cashing in on the weakness of most of its major currency counterparts, except for the British pound. The Federal budget balance came in better than expected at a deficit of 10.3 billion USD instead of the estimated 16.4 billion USD shortfall. US retail sales data are up for release today, with the core figure projected to show a 0.1% uptick and the headline figure to print a flat reading. Weaker than expected results might be in the cards since hiring has been weak in the past couple of months. **EUR** The euro suffered heavy selling pressure in recent trading because of remarks from an ECB official saying that the central bank is considering implementing negative deposit rates. Draghi’s speech did not have much of an impact on price action since he simply reiterated his previous remarks. Euro zone industrial production came in below consensus and printed a 0.7% decline instead of the projected 0.2% dip. German final CPI and the ECB monthly bulletin are up for release today, but these aren’t expected to have a huge impact on the euro. **GBP** The pound enjoyed a strong rally against its currency rivals in recent trading, after BOE Governor Carney announced upgrades in its growth forecasts. He upgraded the GDP forecast for the year from 2.8% to 3.4%, pushing GBP/USD back above the 1.6600 mark. Although the RICS house price balance came in weaker than expected at 53% versus the estimated 56% reading, this wasn’t enough to erase the pound’s gains. No reports are due from the UK today. **CHF** The franc struggled to hold its ground to the dollar in recent trading, as Swiss CPI printed a 0.3% decline following the previous 0.2% dip. Deflation remains a concern in the Swiss economy, making it difficult for the franc to extend its rallies. Swiss PPI is up for release today and might be indicative of future inflation prospects. After printing a flat reading in the previous release, a 0.1% dip is expected. **JPY** The yen regained a bit of ground on the heels of risk aversion in the markets, after Janet Yellen recently confirmed that the Fed would push through with its taper and won’t bother with the potential crash in emerging markets. There have been no major releases from the Japanese economy so far and none are due today, which suggests that yen pairs could be swayed by risk sentiment. **Commodity Currencies (AUD, NZD, CAD)** The Australian dollar got sold off heavily in today’s Asian trading session because of weak Australian jobs data. The employment change figure showed a 3.7K decline following the previous month’s 23K drop. This was enough to push the jobless rate up from 5.8% to 6.0%, taking AUD/USD below the .9000 mark and AUD/JPY below 92.00. No other reports are lined up from the comdoll economies but the downturn in risk appetite might keep weighing on the rest of the comdoll pairs for the rest of the day. *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-13-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-13-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-13-2014/", "headline": "Forex Major Currencies Outlook (February 13, 2014)", "inLanguage": "en", "datePublished": "2014-02-13T13:32:52+00:00", "dateModified": "2014-02-13T13:32:52+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (February 13, 2014). USDData. 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-13-2014/#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 13, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-february-13-2014/" } ] } ] } ``` ```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" } } ] } ```