# Forex Major Currencies Outlook (July 28, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-28-2016/ Language: en Updated: 2016-07-28 Description: Explore Forex Major Currencies Outlook (July 28, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a volatile run during the actual FOMC statement as it initially rallied on an upbeat announcement but returned its recent gains and more when risk appetite picked up. FOMC members upgraded their economic assessment, particularly when it comes to hiring and household spending, leading some market participants to keep their hopes up for a September hike. Prior to this announcement, durable goods orders and pending home sales data missed expectations. Only the US initial jobless claims report is due today. **EUR** The euro was able to rake in gains against the dollar but was weaker against the pound and comdolls. Data from the euro zone was mixed, with the German GfK consumer climate index down from 10.1 to 10.0 versus the projected 9.9 reading and German import prices up 0.5% versus the projected 0.6% increase. German preliminary CPI and unemployment change reports are due today. **GBP** The pound barely reacted to the upbeat UK GDP reading, which showed a larger than expected 0.6% expansion versus the projected 0.5% growth figure and the previous 0.4% reading. UK CBI realized sales slipped from 4 to -14, far below the projected dip to 2. Only the UK GfK consumer climate index is due today and a rise from -9 to -7 is eyed. **CHF** The franc regained ground to the dollar and its European counterparts as the UBS consumption indicator rose from 1.24 to 1.34. There are no reports due from the Swiss economy today so risk sentiment could push franc pairs around. **JPY** The yen lost ground to most of its peers when reports suggested that the government was ready to announce a much larger stimulus program than previously anticipated. However, traders quickly booked profits now that the actual BOJ statement is approaching. Prior to this, Japan will release its inflation, retail sales, and industrial production figures in the next Asian session. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were big winners when risk-taking resumed, as the oil-related Loonie even managed to shrug off the buildup in US crude oil inventories. Australia’s CPI came in line with expectations of a 0.4% increase while the trimmed mean CPI posted a higher than expected 0.5% gain. Australian import prices are due 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-28-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-28-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-28-2016/", "headline": "Forex Major Currencies Outlook (July 28, 2016)", "inLanguage": "en", "datePublished": "2016-07-28T06:52:03+00:00", "dateModified": "2016-07-28T06:52:03+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 28, 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-28-2016/#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 28, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-28-2016/" } ] } ] } ``` ```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" } } ] } ```