# Forex Major Currencies Outlook (June 03, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-03-2016/ Language: en Updated: 2016-06-03 Description: Explore Forex Major Currencies Outlook (June 03, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was able to take advantage of the run in risk aversion but was still mostly weaker against the yen and Kiwi. Economic data from the US came in better than consensus, as the initial jobless claims landed at 267K versus the projected 270K figure. The US NFP report is due today and a 159K increase in hiring is eyed, lower than the earlier 160K rise. Average hourly earnings could post a 0.2% uptick but a weaker reading could be bearish for the dollar. **EUR** The euro lost ground after the ECB decision even though the central bank did not take policy action. Policymakers upgraded their growth forecast for the year from 1.4% to 1.6% and the HICP from 0.1% to 0.2% but Draghi noted that Q2 growth could be slower than Q1 and that inflation could remain low for the coming months. Final services PMI readings are due from the top euro zone economies today. **GBP** The pound regained a bit of ground against its peers despite weaker than expected UK construction PMI. The index fell from 52.0 to 51.2, lower than the estimated 51.9 reading. For today, the services PMI is due and a rise from 52.3 to 52.5 is eyed, although traders could still focus on Brexit updates. **CHF** The franc was stuck in consolidation since there were no reports out of Switzerland yesterday. There are still no major reports lined up from the Swiss economy today so the franc could keep moving sideways or take its cue from market sentiment. **JPY** The yen raked in more gains after Prime Minister Abe recently confirmed the sales tax hike delay. Average cash earnings in Japan rose 0.3%, lower than the estimated 0.9% gain. No other reports are due from Japan today, keeping the yen sensitive to market sentiment. **Commodity Currencies (AUD, NZD, CAD)** The Aussie and the Loonie were mostly weaker while the Kiwi was able to hold on to its gains. The OPEC failed to come up with an agreement to cap production levels but the meeting seemed relatively positive, as the nations committed to work together in stabilizing the market. No other reports are up for release from the comdoll economies for the rest of the week. *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-june-03-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-03-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-03-2016/", "headline": "Forex Major Currencies Outlook (June 03, 2016)", "inLanguage": "en", "datePublished": "2016-06-03T05:40:14+00:00", "dateModified": "2016-06-03T05:40:14+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (June 03, 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-june-03-2016/#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 (June 03, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-03-2016/" } ] } ] } ``` ```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" } } ] } ```