# Forex Major Currencies Outlook (Jan 6, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-6-2016/ Language: en Updated: 2016-01-06 Description: Explore Forex Major Currencies Outlook (Jan 6, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar continued to rake in gains during Tuesday’s trading sessions since risk aversion stayed in play. Data from the US economy was once again weaker than expected, with total vehicle sales declining from 18.2 million to 17.3 million in December. For today, the ADP non-farm employment change report is due and a 193K increase is eyed, weaker than the previous 217K gain. **EUR** The euro was in a very weak spot after the release of weaker than expected CPI estimates, as this led some analysts to price in more dovishness from the ECB. The headline CPI estimate came in at 0.2% instead of 0.4% while the core version stood at 0.9% instead of improving to the projected 1.0% figure. In addition, some of the top economies announced negative revisions for their growth forecasts. On a more upbeat note, the German unemployment change report came in better than expected with a 14K reduction in joblessness. Services PMI readings from the region’s top economies are due today. **GBP** The pound barely made any gains after seeing stronger than expected construction PMI data since traders are paring their holdings ahead of today’s services PMI release. Analysts are expecting to see a drop from 55.9 to 55.6 to indicate a slower pace of industry expansion, although stronger than expected data could yield stronger gains for the pound. **CHF** The franc took its cue from the euro and slid lower against its forex peers, as there were no reports from Switzerland to keep the currency supported. There are still no reports lined up from the Swiss economy today so it might continue to trail the euro and be sensitive to market sentiment. **JPY** The yen scored another winning day, thanks to risk aversion extending its stay in the financial markets. There were no reports out of Japan then and none are due today, although the Japanese currency is off to an early strong start during the Asian session. **Commodity Currencies (AUD, NZD, CAD)** The Aussie and Kiwi seem to be gearing up for another losing day since the Chinese Caixin services PMI came in weaker than expected and spurred another drop in risk-taking. In addition, the dairy auction in New Zealand resulted to a 1.6% fall in dairy prices. In Canada, underlying inflation data also came in below expectations. The Canadian trade balance and crude oil inventories report are due 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-6-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-6-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-6-2016/", "headline": "Forex Major Currencies Outlook (Jan 6, 2016)", "inLanguage": "en", "datePublished": "2016-01-06T06:44:58+00:00", "dateModified": "2016-01-06T06:44:58+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 6, 2016). 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-6-2016/#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 6, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-6-2016/" } ] } ] } ``` ```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" } } ] } ```