# Forex Major Currencies Outlook (Jan 13, 2015)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-13-2015/
Language: en
Updated: 2015-01-13
Description: Explore Forex Major Currencies Outlook (Jan 13, 2015). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar regained ground against its forex counterparts as risk aversion popped its head back in the financial markets.



There have been no major reports released from the US while today has a few medium-tier reports on tap, namely the JOLTS job openings figure and the IBD/TIPP economic optimism index. Risk sentiment might play a key role in driving dollar price action for today.



**EUR**



The euro edged lower to its forex rivals as early polls on the Greek snap election showed no clear winner from either side. This could mean that the country risks receiving its next tranche of bailout funds from the Troika, especially if the new government is unable to adhere to the required austerity measures. German WPI and Italian industrial production reports are on tap for today.



**GBP**



The pound was in a weak spot in recent trading, despite the lack of major data from the UK economy. Today has the CPI readings due, which could mean more losses for the pound if the actual figures show more weakness. The headline figure is slated to fall from 1.0% to 0.7%, which could lead BOE Governor Carney to write a letter to the Chancellor explaining the drop. PPI input prices could fall by 2.5% while the core CPI is expected to improve from 1.2% to 1.4%.



**CHF**



The franc gave back some of its recent wins to the dollar as risk sentiment dominated price action at the start of the week. There are no reports lined up from Switzerland today, as the franc could take its cue from euro zone updates or market sentiment.



**JPY**



The yen continued to advance against its forex rivals in yesterday’s trading session, thanks to the onset of risk aversion. Earlier today, the current account balance came in better than expected, with a 0.91 trillion JPY surplus versus the projected 0.69 trillion JPY surplus. No other reports are due from Japan today.



**Commodity Currencies (AUD, NZD, CAD)**



The comdolls erased some of their recent wins, despite the lack of top-tier reports yesterday. Earlier today, China’s trade balance came in stronger than expected, allowing the Australian dollar to gain support. No other reports are due from the comdoll economies.



*By Kate Curtis from Trader’s Way*

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