# Forex Major Currencies Outlook (Mar 1, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-1-2016/ Language: en Updated: 2016-03-01 Description: Explore Forex Major Currencies Outlook (Mar 1, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar wasn’t able to establish a clear direction in recent sessions, as it simply reacted to other currencies’ price action. Data from the US economy came in mostly weaker than expected, as the Chicago PMI fell from 55.6 to 47.6 while the pending home sales report printed a sharp 2.5% drop. For today, the US ISM manufacturing PMI is due and a rise from 48.2 to 48.5 is eyed. **EUR** The euro suffered a sharp tumble in recent sessions when the euro zone flash CPI readings missed expectations. The headline figure showed a 0.2% drop instead of the estimated flat reading while the core figure fell from 1.0% to 0.7%. Final PMI readings from the top economies are due today, along with the German unemployment change and euro zone unemployment rate. **GBP** The pound managed a quick bounce in recent trading, as traders likely booked profits off their previous short positions when UK medium-tier reports came in line with expectations. UK manufacturing PMI is due today and a drop from 52.9 to 52.3 is eyed. **CHF** The franc advanced against its forex counterparts when the Swiss KOF economic barometer beat expectations. The reading rose from an upgraded 100.4 figure to 102.4 instead of dipping to the projected 99.1 reading. Swiss retail sales data is due today and a 1.2% decline is eyed, a slight improvement from the previous 1.6% drop. **JPY** The yen continued to gain ground against its forex rivals as risk aversion was in play during the Asian session. Data from Japan was mixed, with retail sales down 0.1% and preliminary industrial production up by 3.7%. Household spending slumped 3.1% while the unemployment rate dipped from 3.3% to 3.2%. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were mostly stuck in consolidation ahead of this week’s top-tier data. Reports from China fell short, as the official and Caixin PMI readings indicated a slower pace of growth in the services sector and a sharper contraction in the manufacturing industry. The RBA statement is up next and no rate changes are expected. As for New Zealand, the GDT auction could show if another fall in dairy prices was recorded. *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-mar-1-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-1-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-1-2016/", "headline": "Forex Major Currencies Outlook (Mar 1, 2016)", "inLanguage": "en", "datePublished": "2016-03-01T06:24:34+00:00", "dateModified": "2016-03-01T06:24:34+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Mar 1, 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-mar-1-2016/#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 (Mar 1, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-1-2016/" } ] } ] } ``` ```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" } } ] } ```