# Forex Major Currencies Outlook (May 1, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2014/ Language: en Updated: 2014-05-01 Description: Explore Forex Major Currencies Outlook (May 1, 2014). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a topsy turvy trading day as data and events showed mixed results. The advanced GDP reading for the first quarter of 2014 turned out to be a disappointment as the economy clocked in a mere 0.1% growth figure, down from the previous 2.6% GDP reading. However, the FOMC statement turned things around as the committee voted unanimously to taper asset purchases. Their economic assessment and outlook was relatively upbeat this time, leading many to believe that easing could end in December this year. Initial jobless claims and ISM manufacturing PMI are up for release today but the bigger mover could be Yellen’s speech during the US session. **EUR** The euro managed to survive against the dollar in recent trading as CPI data wasn’t as bad as expected. Aside from that, German jobs data showed strong results as hiring increased by 25K versus the 10K estimate. Spain logged in a 0.4% GDP figure, just in line with market expectations. There are no reports due from the euro zone today as banks are closed on Labor Day. **GBP** The pound extended its rallies to its major counterparts in recent trading, as GBP/USD climbed to the 1.6900 mark. There were no reports released from the UK then and only the Nationwide HPI and manufacturing PMI data are the reports to watch out for today. Manufacturing PMI is expected to dip from 55.4 to 55.3, but a stronger than expected reading could push GBP/USD much higher. **CHF** The franc made a bit of recovery to the dollar in yesterday’s trading as the UBS consumption indicator climbed from 1.52 to 1.84, indicating a pick up in spending. There are no reports due from Switzerland today as banks are also closed on a Labor Day holiday. **JPY** The yen advanced against the dollar but stayed stuck in consolidation to most of its major counterparts, as risk sentiment remained stable in recent trading and the BOJ refrained from making any changes in monetary policy. There are no reports lined up from Japan in today’s Asian session but do watch out for the release of the jobless rate and household spending data in the next Asian session. Commodity Currencies (AUD, NZD, CAD) The Aussie and Kiwi recovered in recent trading while the Loonie was stuck in consolidation to the dollar. There were no major reports released from these economies recently, although Canada reported a 0.2% monthly GDP growth in line with expectations. Underlying inflation reports from Canada were weaker than expected, preventing the Loonie from taking part in the risk rallies. There are no major reports lined up from Australia, New Zealand, or Canada 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-may-1-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2014/", "headline": "Forex Major Currencies Outlook (May 1, 2014)", "inLanguage": "en", "datePublished": "2014-05-01T12:47:14+00:00", "dateModified": "2014-05-01T12:47:14+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 1, 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-may-1-2014/#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 (May 1, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2014/" } ] } ] } ``` ```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" } } ] } ```