# Forex Major Currencies Outlook (Jan 19, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-19-2017/ Language: en Updated: 2017-01-19 Description: Explore Forex Major Currencies Outlook (Jan 19, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar made a strong comeback in the forex arena, buoyed by upbeat data and hawkish remarks from Fed head Yellen. CPI and industrial production reports came in line with consensus while Yellen praised the economy for moving closer to achieving the Fed’s dual mandate of 2% inflation and full employment. She also mentioned that not hiking soon enough could force the Fed to tighten too aggressively, which increases the odds of a recession. Initial jobless claims, building permits and housing starts, and the Philly Fed index are all due today. **EUR** The euro gave up ground to the dollar but advanced against the yen, Kiwi, and Loonie. Final CPI readings in the region were unchanged at 1.1% for the headline figure and 0.9% for the core figure. The ECB statement is coming up today and traders are interested to find out if the central bank is looking to taper its stimulus program anytime soon, given the recent improvements in data. **GBP** The pound continued to advance against most of its peers when UK jobs figures surpassed expectations. The economy saw a 10.1K drop in joblessness instead of the estimated 4.6K increase in claimants. The previous reading was also upgraded while the average earnings index indicated a faster pace of wage growth at 2.8%. There are no major reports due from the UK economy today. **CHF** The franc gave up ground to the dollar but managed to hold on to its lead against the pound and euro. There were no reports out of Switzerland yesterday while today has the PPI on tap. An increase of 0.2% in producer prices is eyed, stronger than the earlier 0.1% uptick. **JPY** The yen was mostly weaker, except against the Loonie, as traders flocked back to the US dollar. There were no major reports out of the Japanese economy yesterday and none are due today so market sentiment could keep pushing yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were mostly able to stay resilient, except for the Loonie when the BOC statement took place. Governor Poloz mentioned that a rate cut is still a possibility if downside risks materialize, particularly when it comes to US tax changes and Trump’s fiscal policy plans. Australia reported a higher than expected 13.5K increase in employment and an improvement in its participation rate. Crude oil inventories and Canadian manufacturing sales data are lined up next. *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-19-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-19-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-19-2017/", "headline": "Forex Major Currencies Outlook (Jan 19, 2017)", "inLanguage": "en", "datePublished": "2017-01-19T09:30:21+00:00", "dateModified": "2017-01-19T09:30:21+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 19, 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-19-2017/#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 19, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-19-2017/" } ] } ] } ``` ```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" } } ] } ```