# Forex Major Currencies Outlook (July 7, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-7-2015/ Language: en Updated: 2015-07-07 Description: Explore Forex Major Currencies Outlook (July 7, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar stayed supported at the start of the week after most of its currency counterparts were able to fill the gap from the weekend. Data from the US came in weaker than expected, as the ISM non-manufacturing PMI climbed from 55.7 to 56.0, short of the projected 56.5 figure. For today, the trade balance and JOLTS job openings data is due and a wider deficit and lower job opportunities figures are eyed, which might lead the dollar to give back its recent gains. **EUR** The euro was still in weak footing early on, as Greek Finance Minister Varoufakis announced his resignation and the referendum was confirmed to have ended in a “No” vote to austerity and the bailout. EU officials will have another summit today to discuss Plan B for Greece, but the lack of a resolution could keep weighing on the euro. Data from the euro zone was mixed, as German factory orders showed a 0.2% decline instead of staying flat while the Sentix investor confidence reading improved from 17.1 to 18.5. **GBP** The pound was also in a weak spot, despite the lack of top-tier data from the UK. For today, the UK manufacturing production figure is up for release and a 0.1% rebound from the previous 0.4% decline is expected. Industrial production data is also due and a 0.2% dip is eyed. **CHF** The franc took its cue from the euro and showed losses to most of its currency counterparts. Swiss CPI came in line with expectations of a 0.1% gain while the unemployment rate and foreign currency reserves data are up for release today. No changes in the 3.3% jobless rate is expected while the foreign currency reserves figure could indicate if the SNB is actively intervening in the market to keep the franc weak. **JPY** The yen took advantage of the run in risk aversion in yesterday’s trading sessions, as it advanced against most of its rivals after the gaps were filled. Japan’s leading indicators fell from 106.4% to 106.2% and no reports are lined up today, leaving risk sentiment responsible for most of the yen’s movement. **Commodity Currencies (AUD, NZD, CAD)** Falling commodity prices and the downturn in China’s stock market have been weighing on the comdolls for the past few days, and it didn’t help that Canada’s Ivey PMI missed expectations. The figure fell from 62.3 to 55.9, lower than the projected drop to 56.2. The RBA is set to make its policy statement today and no actual changes are expected but officials could continue to jawbone the currency. Canada’s trade balance is also due today. *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-7-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-7-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-july-7-2015/", "headline": "Forex Major Currencies Outlook (July 7, 2015)", "inLanguage": "en", "datePublished": "2015-07-07T09:42:08+00:00", "dateModified": "2015-07-07T09:42:08+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (July 7, 2015). USDThe US. 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