# Forex Major Currencies Outlook (July 14, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-14-2017/ Language: en Updated: 2017-07-14 Description: Explore Forex Major Currencies Outlook (July 14, 2017). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was unable to establish a clear direction in trading even with several top-tier reports released. Headline PPI came in better than expected with a 0.1% uptick versus the projected flat reading while the core version of the report also showed a 0.1% increase, short of the 0.2% consensus. Initial jobless claims declined from the other week’s 250K to 247K to show positive hiring momentum. Fed head Yellen had another testimony in which she shared that the balance sheet runoff could impact the yield curve and that this, in turn, could influence their future rate adjustments. CPI readings are due today and small gains are eyed, along with June retail sales data. **EUR** The euro tossed and turned as ECB chatter pushed the shared currency around. There have been rumors that Governor Draghi will join the Jackson Hole Symposium and that he might discuss the idea of tapering stimulus then. As for data, German and French final CPI readings were unchanged and trade balance readings from Italy and the euro zone are lined up today. **GBP** The pound was able to recoup its earlier losses to the dollar, yen, and euro but was still lower against the comdolls. There were no major reports out of the UK economy yesterday, which explains the currency-specific price action of pound pairs. There are still no reports lined up from the UK today so similar price action could be seen. **CHF** The franc was one of the biggest losers in recent sessions as traders showed stronger appetite for higher-yielding currencies, leaving the SNB’s negative deposit rate less appealing. Swiss PPI also turned out weaker than expected with a 0.1% dip versus the projected flat reading. There are no reports due from the Swiss economy today. **JPY** The yen also gave up ground to most of its counterparts as risk-taking was in play. There have been no major reports out of Japan yesterday while today has the revised industrial production figure due. Apart from that, global bond yields and USD demand could also push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were able to chalk up gains against the rest of their peers thanks to the pickup in risk appetite. Chinese trade balance also beat expectations, sending positive prospects for its trade partners Australia and New Zealand. There are no other reports lined up from the comdoll economies for the rest of the day so risk sentiment could be the main driver of price action. *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-14-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-14-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-14-2017/", "headline": "Forex Major Currencies Outlook (July 14, 2017)", "inLanguage": "en", "datePublished": "2017-07-14T07:50:33+00:00", "dateModified": "2017-07-14T07:50:33+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 14, 2017). USD The US. 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