# Forex Major Currencies Outlook (Jan 8, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-8-2015/ Language: en Updated: 2015-01-08 Description: Explore Forex Major Currencies Outlook (Jan 8, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a mixed performance following the release of the FOMC minutes, although the safe-haven currency generally ended stronger. The minutes showed that the US central bank is in no rush to tighten monetary policy but is pleased with the improvements in the domestic policy. In particular, Yellen mentioned that they are unlikely to hike rates before April as inflationary pressures are weakening. For today, only the initial jobless claims report is due and it might show a 291K figure. **EUR** The euro continued its slide to its major counterparts, as inflation figures from the euro zone came in mixed. The headline figure marked a 0.2% drop, worse than the estimated flat reading while the core figure indicated a 0.8% gain, stronger than the projected 0.6% uptick. German retail sales came in stronger than expected with a 1.0% gain while the unemployment change report showed a better than expected 27K drop in joblessness. Euro zone retail sales is due today and a 0.3% uptick is eyed. **GBP** The pound slid to the dollar and the yen in yesterday’s trading sessions, even though there were no major reports released from the UK. For today, the BOE interest rate statement is due and no monetary policy changes are expected. Traders are keen to determine if there are any notable changes in policy bias, as the BOE appears to have shifted to a more dovish tone recently. Unless there are any surprises though, pound traders might wait for the minutes of the meeting to be released before taking large positions. **CHF** The franc continued to edge lower to the dollar in recent trading as the SNB reported a higher foreign currency reserves reading. No other reports are lined up for Switzerland today, which suggests that the franc could be sensitive to risk sentiment. **JPY** The yen was stronger against most of its counterparts, except for the US dollar, as risk aversion remained in the financial markets yesterday. There were no reports released from Japan then and none are due today, leaving yen pairs vulnerable to market sentiment. **Commodity Currencies (AUD, NZD, CAD)** The comdolls managed to advance against the dollar, despite the recent dip in oil prices to new lows. Australia reported a 7.5% increase in building approvals instead of the projected 2.7% drop while Canada saw a stronger than expected Ivey PMI. The manufacturing index dipped from 56.9 to 55.4, higher than the estimated drop to 52.3. New Zealand building consents data is due later on. *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-8-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-8-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-8-2015/", "headline": "Forex Major Currencies Outlook (Jan 8, 2015)", "inLanguage": "en", "datePublished": "2015-01-08T07:29:11+00:00", "dateModified": "2015-01-08T07:29:11+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 8, 2015). USDThe US. 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