# Forex Major Currencies Outlook (July 3, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-3-2014/ Language: en Updated: 2014-07-03 Description: Explore Forex Major Currencies Outlook (July 3, 2014). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar found its legs in yesterday’s trading session when US data came in mostly in line with expectations. The factory orders report showed a 0.5% dip while crude oil inventories showed a 3.2 million barrel shortfall. The ADP non-farm employment change report printed a better than expected 281K increase versus the estimated 207K figure and the previous 179K reading. For today, the non-farm payrolls report is up for release and it might show a drop from 217K in May to 214K in June, just enough to keep the jobless rate steady at 6.3%. **EUR** The euro gave back some of its recent gains to the dollar as the Spanish unemployment change report showed a smaller than expected 122.7K pickup in hiring versus the estimated 147.3K figure. However, this is still an improvement from the previous 111.9K reading. For today, Spanish and Italian services PMI are up for release, but the bigger market mover is the ECB rate statement. No actual policy changes are expected but market watchers will keep tabs on Draghi’s press statement, as this might give clues on next policy moves. **GBP** The pound extended its gains in recent trading when construction PMI also came in stronger than expected, following the previous day’s better than expected manufacturing PMI release. The construction index climbed from 60.0 to 62.6 instead of dipping to the projected 59.7 figure. For today, the services PMI is up for release and might also show a strong reading instead of dipping from 58.6 to 51.6 as analysts expect. **CHF** The franc returned some of its recent gains to the dollar as there were no reports released from Switzerland and data from the euro zone was weak. For today, there are still no reports due from Switzerland but the ECB rate statement could have a bigger impact on the franc’s price action today. **JPY** The yen made a bit of recovery when risk aversion peeked back in the markets, but it still gave ground to the US dollar. There have been no reports released from Japan yesterday and none are due today, which suggests that risk sentiment could be the main driver of price action among yen pairs. **Commodity Currencies (AUD, NZD, CAD)** The Australian dollar erased most of its recent gains when both trade balance and retail sales came in weaker than expected. The trade deficit widened from a downgraded 0.78 billion AUD deficit in April to a 1.91 billion AUD shortfall in May, worse than the estimated 0.16 billion AUD deficit. Retail sales slumped by 0.5% instead of staying flat while the previous figure was downgraded from a 0.2% increase to a 0.1% decline. There are no reports due from New Zealand while Canada has its trade balance due. *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-3-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-3-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-3-2014/", "headline": "Forex Major Currencies Outlook (July 3, 2014)", "inLanguage": "en", "datePublished": "2014-07-03T11:20:53+00:00", "dateModified": "2014-07-03T11:20:53+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 3, 2014). 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-3-2014/#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 (July 3, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-3-2014/" } ] } ] } ``` ```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" } } ] } ```