# Forex Major Currencies Outlook (June 21, 2013) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-21-2013/ Language: en Updated: 2013-06-21 Description: Explore Forex Major Currencies Outlook (June 21, 2013). USDThe U.S. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The U.S. dollar continued its winning streak against its major currency rivals, as the U.S. data came in mostly better than consensus. Both Philly Fed index and the existing home sales report beat expectations, with the manufacturing index landing back in the positive region indicating industry expansion. However, initial jobless claims came in worse than estimated, also posting a higher figure compared to the previous week. There are no reports due from the U.S. today so dollar behavior could be dictated by risk flows and market sentiment. **EUR** The euro slid lower against the U.S. dollar, as EUR/USD dipped below the 1.3200 mark briefly. Euro zone PMI figures came in mostly better than expectations, with only the German manufacturing PMI slipping below the estimate. German services PMI made up for this, as the figure landed back above the 50.0 mark, indicating that the industry grew during the month. For today, only the current account and ECOFIN meetings are scheduled for the euro zone, and these aren’t likely to have a huge impact on euro price action. **GBP** The pound lost ground to the dollar, despite the stronger than expected U.K. retail sales figure. Consumer spending increased by 2.1%, much higher than the estimated 0.8% rebound. Against the yen, the pound was able to post some gains. For today, only the public sector net borrowing report is due from the United Kingdom, and the report is slated to print higher borrowing of 12.7 billion GBP. A higher than expected borrowing figure might force the pound move south. **JPY** The Japanese yen had a mixed performance yesterday, as it gained against the commodity currencies but lost ground to the dollar, euro, and pound. There were no reports released from Japan then, which explains why the Asian currency had no clear direction. Today, BOJ Governor Kuroda is set to give a speech, in which he could defend the BOJ’s quantitative easing program. **CHF** USD/CHF rallied at the start of the day, but resistance at .9350 held and pushed the pair right back down. There were no surprises from the SNB monetary policy announcement, as the Swiss central bank simply reiterated its pledge to maintain the franc peg and kept interest rates unchanged. There are no reports due from Switzerland today. **Commodity Currencies (AUD, CAD, NZD**) Commodity currencies suffered in yesterday’s trading as the weak Chinese HSBC manufacturing PMI weighed on risk sentiment. AUD/USD continued to tumble below the .9200 handle while USD/CAD edged closer to the 1.0400 mark. There are no reports due from New Zealand or Australia, but Canada is set to print its CPI and retail sales data in today’s U.S. session. Weak data could push USD/CAD to the 1.0400 mark while strong reports could trigger a downside break from the current consolidation. *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-21-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-21-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-21-2013/", "headline": "Forex Major Currencies Outlook (June 21, 2013)", "inLanguage": "en", "datePublished": "2013-06-21T12:52:38+00:00", "dateModified": "2013-06-21T12:52:38+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (June 21, 2013). USDThe U.S. 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-21-2013/#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 21, 2013)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-21-2013/" } ] } ] } ``` ```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" } } ] } ```