# Forex Major Currencies Outlook (March 24, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-24-2014/ Language: en Updated: 2014-03-24 Description: Explore Forex Major Currencies Outlook (March 24, 2014). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar let go of some of its recent gains on Friday as most traders booked profits off key levels. Data from the US was relatively light for the day, with a few FOMC officials supporting the positive outlook for the economy. Only the flash manufacturing PMI is up for release from the US today and this isn’t expected to make a huge impact on dollar movement. Do keep close tabs on the economic sanctions being imposed by the US on Russia as these could impact overall risk sentiment. **EUR** The euro recovered a bit against the dollar on Friday, thanks to a better than expected current account balance from the euro zone. The surplus widened from 20.0 billion EUR to 25.3 billion EUR. Germany and France are set to print their manufacturing and services PMIs today and these could determine whether the euro selloff would resume or not. Most of the figures are expected to show small improvements, although the readings could still reflect contraction in the industries. **GBP** The pound was unable to bounce back on Friday, as the public sector net borrowing report showed that the government incurred a 7.5 billion GBP deficit. There are no major reports lined up from the UK today so pound pairs might be in for a bit of consolidation, as traders wait for the UK CPI to be released later on this week. **CHF** The franc rebounded on Friday, taking advantage of profit taking by most market participants. There were no reports released from Switzerland then and none are due today, which might mean a bit of sideways movement for both USD/CHF. As for EUR/CHF, the price action might hinge on the euro zone PMI releases. **JPY** The yen bounced back to action on Friday, as risk sentiment favored the lower-yielding Asian currency. However, Japanese traders were on holiday then and there were very little cues from Asian equities. Japan’s banks resume operation today and it will be interesting to see how the recent sanctions imposed by the US on Russia will be priced in the Nikkei and yen pairs. No economic reports are due from Japan today. **Commodity Currencies (AUD, NZD, CAD)** The comdolls had a bit of bounce on Friday, most notably the Loonie. The Canadian currency drew a lot of support from stronger than expected economic data, as retail sales and CPI all came in higher than estimates. Core CPI showed a 0.7% increase while the headline figure printed a 0.8% uptick. Core retail sales had a 1.0% rise while headline retail sales made a 1.3% jump. There are no reports due from Canada today but in the Asian session, China’s HSBC flash manufacturing PMI printed a weaker than expected 48.1 reading which weighed on the Aussie. *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-24-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-24-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-24-2014/", "headline": "Forex Major Currencies Outlook (March 24, 2014)", "inLanguage": "en", "datePublished": "2014-03-24T12:47:42+00:00", "dateModified": "2014-03-24T12:47:42+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (March 24, 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-24-2014/#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 24, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-march-24-2014/" } ] } ] } ``` ```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" } } ] } ```