# Forex Major Currencies Outlook (May 20, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-20-2016/ Language: en Updated: 2016-05-20 Description: Explore Forex Major Currencies Outlook (May 20, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar seemed tired from its climb as it barely scored gains after some FOMC members reiterated their hawkish stance. Policymakers Fischer and Dudley acknowledged the green shoots in the economy and suggested that the next meeting could still have the possibility of a rate hike. Data from the US came in mixed, with initial jobless claims meeting expectations and the Philly Fed index slumping from -1.6 to -1.8 instead of improving to 3.2. **EUR** The euro had a mixed performance as the lack of top-tier data left it sensitive to country-specific events. Only the German PPI and euro zone current account balance are up for release today. Analysts are expecting to see a 0.2% uptick in German producer prices and a wider current account surplus of 19.6 billion EUR from the earlier 19.0 billion EUR. **GBP** The pound extended its gains thanks to stronger than expected UK retail sales. Consumer spending rose 1.3% in April versus expectations of a 0.6% rebound while the previous reading was revised to show a smaller decline of 0.5%. **CHF** The franc continued to weaken against its forex peers as there were no major reports out of Switzerland. There are still no reports lined up from the Swiss economy today so a continuation of the current market sentiment could mean more losses for the franc. **JPY** The yen lost ground to most of its peers when risk appetite improved. There were no major reports out of Japan yesterday, although data released earlier in the week came in mostly better than expected. **Commodity Currencies (AUD, NZD, CAD)** The comdolls continued to retreat despite the pickup in risk-taking, as the Aussie fell despite stronger than expected headline jobs data. Employment rose 10.8K versus the estimated 12.6K figure while the unemployment rate fell to 5.7% mostly due to a drop in labor force participation. Canadian inflation and consumer spending reports are due today. Headline CPI could rise 0.4% while core CPI is expected to post a 0.1% uptick. Headline retail sales could show a 0.7% drop while core retail sales could indicate a 0.4% decline. *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-20-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-20-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-20-2016/", "headline": "Forex Major Currencies Outlook (May 20, 2016)", "inLanguage": "en", "datePublished": "2016-05-20T05:55:18+00:00", "dateModified": "2016-05-20T05:55:18+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 20, 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-may-20-2016/#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 (May 20, 2016)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-20-2016/" } ] } ] } ``` ```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" } } ] } ```