# Forex Major Currencies Outlook (Jan 26, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-26-2017/ Language: en Updated: 2017-01-26 Description: Explore Forex Major Currencies Outlook (Jan 26, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar failed to benefit from the strong rallies in equities, even as the Dow 30 index surged past the 20K mark. Risk appetite appears to be returning and shoring up demand for higher-yielding currencies. Only the crude oil inventories report was printed from the US economy yesterday while today has initial jobless claims, goods trade balance, flash services PMI, and new home sales due. **EUR** The euro continued to advance against most of its peers even though data from the region came in weaker than expected. The German Ifo business climate index printed a surprise drop from 111.0 to 109.8 versus the projected rise to 111.3. As it turns out, German manufacturers are less optimistic about current and future business conditions in the country, possibly due to Brexit concerns. Spanish unemployment rate, German GfK consumer climate index, and Italian retail sales are lined up today. **GBP** The pound was one of the strongest performers of the bunch as it continued to rally on the heels of the UK High Court ruling. Also, UK CBI industrial order expectations rose from 0 to 5, higher than the projected reading at 2. The UK preliminary GDP reading is due today and 0.5% growth is expected for the fourth quarter of 2016. Stronger than expected data could assure traders that the UK is staying resilient even with Brexit risks. **CHF** The franc continued to tread carefully against the euro and dollar but it gave up more ground to the pound. The UBS consumption indicator showed an improvement from an upgraded 1.45 reading to 1.50 while Credit Suisse’s economic expectations index also rose from 12.9 to 18.5. Switzerland’s trade balance is due today and a narrower surplus is eyed. **JPY** The yen settled into consolidation against most of its rivals as traders are starting to feel stronger risk appetite. There have been no major reports out of the Japanese economy yesterday and none are due today so it could be all about market sentiment from here. **Commodity Currencies (AUD, NZD, CAD)** The Loonie continued its advance on reports that the Keystone XL pipeline might commence construction soon, shoring up demand for Canada’s energy resources. However, gains were limited as the US crude oil inventories report showed a larger buildup in stockpiles. In New Zealand, the Q4 CPI beat expectations with a 0.4% uptick versus the projected 0.3% increase. Australia’s banks are closed for the holiday 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-26-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-26-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-26-2017/", "headline": "Forex Major Currencies Outlook (Jan 26, 2017)", "inLanguage": "en", "datePublished": "2017-01-26T07:14:17+00:00", "dateModified": "2017-01-26T07:14:17+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 26, 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-26-2017/#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 26, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-26-2017/" } ] } ] } ``` ```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" } } ] } ```