# Forex Major Currencies Outlook (July 19, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-19-2016/ Language: en Updated: 2016-07-19 Description: Explore Forex Major Currencies Outlook (July 19, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was able to hold its ground against most of its forex peers when equity indices closed at all-time highs thanks to upbeat earnings data. US building permits and housing starts are up for release today with small improvements eyed, although the currency could continue to take its cue from stock market behavior. **EUR** The euro consolidated to the dollar but continued to advance against its comdoll counterparts. There were no major reports out of the euro zone yesterday while today has the ZEW economic sentiment figures on tap. The index from Germany could fall from 19.2 to 8.2 while the region’s reading is slated to fall from 20.2 to 12.3. **GBP** The pound struggled to stay afloat as traders started pricing in expectations for this week’s reports. For today, the CPI numbers are due and price gains are expected. The headline CPI could rise from 0.3% to 0.4% while the core reading could climb from 1.2% to 1.3%. Stronger than expected data could mean more gains for the pound. **CHF** The franc had a mixed performance as it functioned mostly as a counter currency. There were no reports out of the Swiss economy yesterday while today has an empty schedule as well, keeping market sentiment and country-specific price action in play. **JPY** The yen regained a bit of ground against its peers as risk aversion weighed on the commodity currencies. There were no reports out of Japan yesterday and none are due today so risk sentiment could push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The Kiwi took another hit when the RBNZ shared its proposal to tighten lending conditions in the housing market, possibly keeping their options for a rate cut if necessary. In Australia, the RBA minutes showed that policymakers were more worried about inflation than they seemed in their actual policy announcement. The Loonie was dragged lower by falling oil prices once more and weaker Canadian foreign securities purchases. New Zealand has its GDT auction coming up 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-july-19-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-19-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-19-2016/", "headline": "Forex Major Currencies Outlook (July 19, 2016)", "inLanguage": "en", "datePublished": "2016-07-19T07:00:31+00:00", "dateModified": "2016-07-19T07:00:31+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 19, 2016). USDThe US. 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