# Forex Major Currencies Outlook (July 11, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-11-2016/ Language: en Updated: 2016-07-11 Description: Explore Forex Major Currencies Outlook (July 11, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar regained ground against its forex peers on Friday, thanks to much stronger than expected jobs data. The US economy added 287K jobs in June, outpacing the projected 175K gain, while the previous reading was downgraded from 38K to 11K. Average hourly earnings was lower than expected with a mere 0.1% uptick while the unemployment rate rose from 4.7% to 4.9%. There are no reports due from the US economy today but FOMC member George has a testimony lined up. **EUR** The euro was mostly weaker on Friday, as medium-tier euro zone data fell short of expectations. The German trade surplus narrowed from 24.1 billion EUR to 22.2 billion EUR while French industrial production showed a 0.5% drop versus the projected 0.4% decline. Only the Italian industrial production report is due today. **GBP** The pound struggled to hold its ground on Friday as selling pressure seemed exhausted. There were no major reports out of the UK on Friday and traders continued to focus on Brexit-related updates, the latest of which included a rejection to redo the EU referendum vote. There are no reports due from the UK economy today. **CHF** The franc was mostly weaker against its peers since the threat of SNB intervention weighed on the currency’s gains. The Swiss jobless rate improved to 3.3% while the previous month’s figure enjoyed a positive revision. There are no reports due from the Swiss economy today. **JPY** The yen regained some ground against its higher-yielding counterparts but was weaker to the dollar after the NFP release. Earlier today, Japan’s core machinery orders report printed a worse than expected 1.4% slide versus the estimated 3.1% gain. Preliminary machine tool orders data is due next. **Commodity Currencies (AUD, NZD, CAD)** The comdolls put up a strong fight against the dollar and most of their currency counterparts at the end of last week. Canada saw a 0.7K reduction in jobs but its jobless rate fell from 6.9% to 6.8% instead of rising to the estimated 7.0% figure. Over the weekend, Chinese CPI and PPI indicated weaker price pressures. No other reports are due from the comdoll economies today but Australian election updates could push AUD pairs around. *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-july-11-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-11-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-11-2016/", "headline": "Forex Major Currencies Outlook (July 11, 2016)", "inLanguage": "en", "datePublished": "2016-07-11T08:20:40+00:00", "dateModified": "2016-07-11T08:20:40+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 11, 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-july-11-2016/#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 (July 11, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-11-2016/" } ] } ] } ``` ```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" } } ] } ```