# Forex Major Currencies Outlook (Jan 11, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2016/ Language: en Updated: 2016-01-11 Description: Explore Forex Major Currencies Outlook (Jan 11, 2016). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar raked in some gains after seeing upbeat jobs data but was still in a weak spot against the European currencies and the Japanese yen. The economy added 292K jobs in December, higher than the projected 203K increase, while previous upward revisions added 50K in hiring gains. Average hourly earnings were flat, indicating that there was no wage growth seen. Only the labor market conditions index is due from the US today. **EUR** The euro managed to advance against most of its forex counterparts on Friday, despite weaker than expected data from the euro zone. German industrial production fell by 0.3% while French industrial production was down by 0.9%. The euro zone Sentix investor confidence index is up for release today and a drop from 15.7 to 11.5 is eyed. **GBP** The pound was still in a weak spot against most of its rivals even though the UK trade balance came in line with expectations of a 10.5 billion GBP deficit. There are no reports due from the UK economy today. **CHF** The franc took its cue from the euro and advanced against most of its counterparts. Data from Switzerland was weaker than expected, as the CPI fell by 0.4% instead of showing the projected 0.2% dip. Swiss retail sales data is due today and a 0.3% rebound is eyed. **JPY** The yen carried on with its risk-off rallies, particularly against the commodity currencies. Japanese banks are closed for a holiday today but the yen is drawing support from downbeat Chinese data released over the weekend, with the CPI falling short of expectations and the PPI showing further downside price pressures down the line. **Commodity Currencies (AUD, NZD, CAD)** The comdolls started the week on a downbeat note, as traders speculated that further weakness could be seen from China. The CPI rose from 1.5% to 1.6%, short of the projected 1.7% figure, while the PPI indicated a 5.9% year-over-year slide as expected. In Canada, the jobs report showed a 22.8K gain in hiring which was mostly a result of part-time employment. In Australia, ANZ job advertisements fell by 0.1%. *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-11-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2016/", "headline": "Forex Major Currencies Outlook (Jan 11, 2016)", "inLanguage": "en", "datePublished": "2016-01-11T09:20:39+00:00", "dateModified": "2016-01-11T09:20:39+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 11, 2016). USD The US. 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