# Forex Major Currencies Outlook (January 20, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-january-20-2014/ Language: en Updated: 2014-01-20 Description: Explore Forex Major Currencies Outlook (January 20, 2014). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar lost a bit of ground on Friday, thanks to weaker than expected consumer sentiment data. The preliminary figure reported by University of Michigan came in at 80.4 instead of the estimate at 83.4. Building permits and housing starts came in line with expectations around 0.99M. Up ahead, there are no major reports due from the US since traders are on holiday. Bear in mind though that the lower liquidity could result to higher volatility. **EUR** The euro slid lower to the dollar and yen at the start of the week, as fundamentals in the euro zone appeared weaker. German PPI and German Buba monthly report are up for release today but these aren’t expected to have a huge impact on euro price action. Keep watch for any changes in market sentiment and a potential surge in volatility during the US session though. **GBP** The pound was unable to recover on Friday but got a quick boost early this week, as the Rightmove HPI showed a 1.0% increase. This was enough to erase half of the 1.9% decline seen in the previous month. There are no other major reports due from the UK today, leaving pound pairs sensitive to risk sentiment. **CHF** The franc lost further ground to the dollar last week and seems poised to keep losing this Monday, after SNB head Jordan reiterated that there’s no need to remove the EUR/CHF peg. There are no reports lined up from Switzerland today. **JPY** The yen continued to move to the tune of risk sentiment last week, gaining ground against the Australian dollar and other weak majors. Japan’s revised industrial production report is due today but no changes are expected from the initially reported 0.1% uptick. Keep tabs on the behavior of the Nikkei if you’re trading yen pairs. **Commodity Currencies (AUD, NZD, CAD)** The comdolls showed signs of weakness towards the end of the week, as traders started pricing in bleak expectations for China’s GDP release. However, the Asian giant reported growth in line with consensus at 7.7%. This is slightly weaker than the 7.8% GDP figure in the previous quarter. No other reports are due from the comdoll economies today, as China’s GDP release could weigh on overall risk sentiment. *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-january-20-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-january-20-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-january-20-2014/", "headline": "Forex Major Currencies Outlook (January 20, 2014)", "inLanguage": "en", "datePublished": "2014-01-20T11:17:14+00:00", "dateModified": "2014-01-20T11:17:14+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (January 20, 2014). USDThe. 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-january-20-2014/#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 (January 20, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-january-20-2014/" } ] } ] } ``` ```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" } } ] } ```