# Forex Major Currencies Outlook (March 10, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-10-2014/ Language: en Updated: 2014-03-10 Description: Explore Forex Major Currencies Outlook (March 10, 2014). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar gained ground against most of its major counterparts in recent trading, thanks to a stronger than expected NFP release. The actual figure showed a 175,000 increase in jobs versus the estimated 151,000 gain while the readings for January 2014 and December 2013 were upgraded. Meanwhile, the unemployment rate ticked up from 6.6% to 6.7% in February as more people returned to the labor force to look for jobs. There are no major reports due from the US economy today so the recent dollar euphoria from the NFP release might carry on to today’s trading. **EUR** The euro extended its wins to the dollar last Friday, as the EUR/USD pair surged to the 1.3900 handle. Data from the euro zone was mostly in line with expectations, as the German industrial production report showed a 0.8% uptick. There are no major reports due from the euro zone today so it will be interesting to see whether the shared currency can hold on to its gains and go for more. Do watch out for medium-tier data such as French and Italian industrial production, as well as the Sentix investor confidence report. **GBP** The pound still stayed stuck in sideways movement to the dollar for the most part of Friday’s trading, although the latest NFP release did spark a bit of a selloff for GBP/USD. Consumer inflation expectations in the UK were weaker at 2.8% compared to the previous month’s 3.6% reading. There are no reports due from the UK today so Cable might stay stuck in consolidation for yet another day. **CHF** The franc was a big winner to the dollar in Friday’s trading, as the Swiss currency pushed USD/CHF below .8800. However, data from Switzerland was weaker than expected, as CPI was at 0.1% instead of the estimated 0.4% reading. The unemployment rate held steady at 3.2% as expected while Swiss foreign currency reserves declined to 433.5 billion CHF. Swiss retail sales data is up for release today and this might show a 2.7% gain. **JPY** The yen lost ground to the dollar but made a bit of recovery to its major counterparts on Friday as risk appetite weakened and traders took profits at key levels. There were no reports released from Japan then. Over the weekend, Japanese data (final GDP, current account) came in mostly in line with expectations, triggering a bit of support for the currency. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave up their recent gains to the dollar in recent trading, as the Greenback drew support from a strong NFP figure. AUD/USD sank back to the .9100 area while USD/CAD surged past the 1.1100 major psychological level. Canada’s jobs report was weaker than expected, as the economy lost 7K jobs for February but kept the jobless rate steady at 7.0%. Over the weekend, Chinese CPI came in slightly weaker than expected and caused a gap lower for AUD/USD. Canadian housing starts is the only report due from the comdoll economies today. *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-march-10-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-10-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-10-2014/", "headline": "Forex Major Currencies Outlook (March 10, 2014)", "inLanguage": "en", "datePublished": "2014-03-10T16:35:12+00:00", "dateModified": "2014-03-10T16:35:12+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (March 10, 2014). 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-march-10-2014/#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 (March 10, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-10-2014/" } ] } ] } ``` ```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" } } ] } ```