# Forex Major Currencies Outlook (Jan 11, 2018) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2018/ Language: en Updated: 2018-01-11 Description: Explore Forex Major Currencies Outlook (Jan 11, 2018). USD The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The dollar was in a bit of a weak spot due to reports that China plans on trimming its Treasury holdings. US equities also capped off their positive streak as fresh concerns on NAFTA emerged and medium-tier reports such as import prices and wholesale inventories disappointed. Initial jobless claims and PPI figures are due today, providing clues on how Friday’s CPI readings might turn out. **EUR** The euro was mostly weaker after France reported a larger 0.5% drop in industrial production versus the estimated 0.4% dip. There were no other reports to support the shared currency then, so it was dragged down by weaker European equities. Italian retail sales and the region’s industrial production numbers are lined up today, but the ECB minutes could be a bigger catalyst for euro action. **GBP** The pound had a mixed run as it appeared to react to currency-specific factors. UK manufacturing production was slightly better than expected at 0.4% versus 0.3% while industrial production came in line with expectations. The goods trade balance had a wider deficit of 12.2 billion GBP versus the expected 10.9 billion GBP shortfall while the earlier figure was downgraded. **CHF** The franc was able to take advantage of the risk-off vibes stemming from reports that China could trim its holdings of US bonds. There were no reports out of Switzerland and none are due today, so market sentiment could keep pushing franc pairs around. **JPY** The yen was the main beneficiary of risk-off flows after China hinted that it could reduce its holdings of US Treasuries. This comes after the BOJ’s reduction of JGB purchases, which many interpreted as a taper signal. Japanese leading indicators is due next and an improvement is eyed. **Commodity Currencies (AUD, NZD, CAD)** The Loonie was the weakest of the bunch as Canadian government officials worried that Trump could pull the US out of NAFTA in the next round of talks. Canadian building permits also disappointed with a 7.7% slide versus the estimated 0.7% drop. Australia reported stronger than expected retail sales growth of 1.2% versus the estimated 0.4% uptick. *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-11-2018/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2018/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2018/", "headline": "Forex Major Currencies Outlook (Jan 11, 2018)", "inLanguage": "en", "datePublished": "2018-01-11T07:31:00+00:00", "dateModified": "2018-01-11T07:31:00+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 11, 2018). USD The. 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-11-2018/#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 11, 2018)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-11-2018/" } ] } ] } ``` ```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" } } ] } ```