# Forex Major Currencies Outlook (May 1, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2015/ Language: en Updated: 2015-05-01 Description: Explore Forex Major Currencies Outlook (May 1, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was finally able to make a bit of recovery against its forex counterparts, even though economic data came in mixed. Initial jobless claims came in better than expected at 262K versus the estimated 290K figure while the quarterly employment cost index also showed a stronger than expected increase of 0.7%. The core PCE price index, which is the Fed’s preferred inflation measure, posted a weaker than expected 0.1% uptick while personal spending and personal income data fell short. US ISM manufacturing PMI is up for release today and a climb from 51.5 to 52.1 is expected. **EUR** The euro managed to extend its gains to its forex counterparts, despite mixed reports from the euro zone. German retail sales came in weaker than expected with a 2.3% decline versus the projected 0.5% rebound while the unemployment change showed a smaller than expected 8K decline. The euro zone headline CPI estimate was flat at 0.0% as expected while the core CPI estimate was unchanged at 0.6%. There are no reports lined up from the euro zone today. **GBP** The pound stalled in its recent climb to its forex rivals, as there were no reports released from the UK economy. Today has the manufacturing PMI on tap and a small improvement from 54.4 to 54.6 is eyed. Stronger than expected data could allow the pound to resume its climb while a weak reading could spur more losses for pound pairs. **CHF** The franc consolidated after its recent rallies, as traders are awaiting more clues from the Swiss economy. The KOF economic barometer came in weaker than expected at 89.5, down from the previous 90.5 reading and lower than the projected 91.6 figure. For today, there are no economic reports lined up from the Swiss economy and more consolidation could be seen. **JPY** The yen printed a few stronger than expected readings in today’s Asian trading session, allowing yen pairs to bounce back and risk appetite to take hold. Household spending showed a smaller than expected 10.6% slide versus the projected 11.7% drop while the national core CPI climbed from 2.0% to 2.2%. The unemployment rate also improved from 3.5% to 3.4%, although average cash earnings showed a mere 0.1% uptick. **Commodity Currencies (AUD, NZD, CAD)** The Kiwi was in a weak spot for most of the day, as the RBNZ indicated that they could still cut rates if needed. Canada posted better than expected monthly GDP data with a flat reading instead of the estimated 0.1% contraction. In Australia, the PPI showed a better than expected 0.5% uptick. No other reports are lined up from these 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-may-1-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2015/", "headline": "Forex Major Currencies Outlook (May 1, 2015)", "inLanguage": "en", "datePublished": "2015-05-01T06:56:50+00:00", "dateModified": "2015-05-01T06:56:50+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 1, 2015). 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-1-2015/#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, 2015)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-1-2015/" } ] } ] } ``` ```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" } } ] } ```