# Forex Major Currencies Outlook (Jun 27, 2017)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-27-2017/
Language: en
Updated: 2017-06-27
Description: Explore Forex Major Currencies Outlook (Jun 27, 2017). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar had a mixed run at the start of the week as weaker than expected durable goods orders kept gains limited.



Headline durable goods orders fell 1.1% versus the projected 0.5% drop while the core reading had a 0.1% uptick versus the estimated 0.4% gain. US CB consumer confidence is due next and a dip from 117.9 to 116.1 is eyed, but the bigger mover could be Fed head Yellen’s testimony.



**EUR**



The euro also had a mixed run as it advanced to the yen but gave up ground to commodity currencies. German Ifo business climate improved from 114.6 to 115.1, outpacing the consensus at 114.7. There are no major reports due from the euro zone today but ECB head Draghi has a speech lined up.



**GBP**



The pound gained some support from news that PM May has finally been able to strike a coalition with the DUP. BOE Governor Carney has a testimony today and his previous one was more dovish than expected. The BOE Financial Stability Report is also up for release.



**CHF**



The franc was mostly weaker as risk appetite came into play and there were no reports out of Switzerland to give it a boost. The Swiss economic schedule is still empty for the upcoming trading sessions so market sentiment could keep pushing the franc unless currency-specific events carry more weight.



**JPY**



The yen has been off to a weak start this week as risk-taking has been in play. There have been no major reports out yet so it’s tough to pinpoint the actual catalyst for the move, besides stops getting hit on technical breaks. There are no reports due from Japan in the upcoming sessions so market sentiment could determine whether the yen pairs can keep climbing or not.



**Commodity Currencies (AUD, NZD, CAD)**



Comdolls raked in gains earlier on as risk appetite was present at the start of this week. New Zealand’s trade balance is due next and a narrower surplus of 420 million NZD versus the earlier 578 million NZD is expected. There are no major reports due from the comdoll economies in the next trading session so commodity prices could determine where they might be headed next.



*By Kate Curtis from Trader’s Way*

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