# Forex Major Currencies Outlook (Jan 04, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-04-2017/ Language: en Updated: 2017-01-04 Description: Explore Forex Major Currencies Outlook (Jan 04, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar scored gains across the board, buoyed by upbeat economic data. The ISM manufacturing PMI was up from 53.2 to 54.7, much higher than the projected 53.7 figure. Components for prices, employment, production, and new orders all showed gains. Construction spending also beat expectations with a 0.9% gain. The FOMC minutes are up for release today and this might lead to another round of dollar rallies. **EUR** The euro weakened to the dollar and comdolls but managed to hold steady against the yen. Data from the region was mixed, as the French preliminary CPI missed expectations while the German flash CPI met consensus. German unemployment change data showed a larger 17K reduction in joblessness versus the projected 5K drop. Final services PMI readings are due today, along with the Spanish unemployment change report. **GBP** The pound got a bit of a boost from the upside surprise in its manufacturing PMI, although Brexit concerns dampened the currency’s gains. The reading rose from 53.6 to 56.1 instead of dipping to the 53.3 consensus. Construction PMI is due today and a dip from 52.8 to 52.6 is expected. **CHF** The franc gave up ground to the dollar but scored some gains against the euro and pound. Swiss manufacturing PMI fell from 56.6 to 56.0, lower than the projected 56.1 figure. There are no reports due from the Swiss economy today. **JPY** The Japanese yen put up a fight against the dollar but was no match to comdoll strength. Japan’s final manufacturing PMI was upgraded from 51.9 to 52.4 to reflect a faster pace of industry growth than initially reported. There are no other reports due from Japan today so market sentiment and the FOMC minutes could push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The comdolls staged rallies late in the day as gold prices picked up. Crude oil was weaker on reports that Libya plans to increase production with its exemption from the OPEC deal. New Zealand reported a 3.9% drop in dairy prices during its latest GDT auction. No other top-tier reports are lined up from the comdolls 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-jan-04-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-04-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-04-2017/", "headline": "Forex Major Currencies Outlook (Jan 04, 2017)", "inLanguage": "en", "datePublished": "2017-01-04T06:27:20+00:00", "dateModified": "2017-01-04T06:27:20+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 04, 2017). USDThe 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-jan-04-2017/#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 (Jan 04, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-04-2017/" } ] } ] } ``` ```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" } } ] } ```