# Forex Major Currencies Outlook (Jun 09, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-09-2017/ Language: en Updated: 2017-06-09 Description: Explore Forex Major Currencies Outlook (Jun 09, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar steadied throughout the day as traders didn’t see any surprises from the Comey testimony. Economic data was in line with estimates as the initial jobless claims reading came in at 245K, down from the earlier 255K figure. Only the final wholesale inventories report is due from the US today. **EUR** The euro gave up some ground as the ECB downgraded inflation forecasts as expected. However, losses were limited since Draghi gave a few upbeat remarks during the presser. He clarified that normalization has not been discussed but that they’re not looking to cut anytime soon unless things get worse. French industrial production and the Italian quarterly unemployment rate are due next. **GBP** The pound was slightly weaker for the day as traders are feeling the jitters during the UK elections. Early polls are still hinting at a narrow lead for the Conservatives but that they could eventually win the majority. UK manufacturing production data is due next and a 0.8% rebound over the earlier 0.6% drop is eyed. Industrial production is slated to recover by 0.7%. **CHF** The franc had a mixed run as it acted as safe-haven against most of its rivals but caved to dollar and Kiwi strength. Data from Switzerland came in better than expected as the jobless rate improved to 3.2% while CPI ticked 0.2% higher versus the projected flat reading. There are no reports due from the Swiss economy today. **JPY** The yen gave up some ground as traders reestablished their long dollar positions on the lack of surprises during Comey’s testimony. Japan’s final GDP reading was downgraded from 0.5% to 0.3% instead of being upgraded to the 0.6% forecast. Tertiary industry activity data is due next and a 0.5% rebound is expected. **Commodity Currencies (AUD, NZD, CAD)** The Aussie was able to hold on to its gains even with downbeat trade data from Australia and China. Australia’s surplus narrowed from 3.17B AUD to 0.56B AUD versus the 1.91B forecast as exports slipped 8%. China’s trade surplus widened from 262B CNY to 282B CNY versus the projected rise to 336B CNY. Australian home loans and Chinese inflation numbers are lined up next. Canada is also set to release its jobs report and might show a gain of 11.5K in hiring. *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-jun-09-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-09-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-09-2017/", "headline": "Forex Major Currencies Outlook (Jun 09, 2017)", "inLanguage": "en", "datePublished": "2017-06-09T14:10:17+00:00", "dateModified": "2017-06-09T14:10:17+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jun 09, 2017). 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-jun-09-2017/#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 (Jun 09, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-09-2017/" } ] } ] } ``` ```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" } } ] } ```