# Forex Major Currencies Outlook (May 5, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-5-2014/ Language: en Updated: 2014-05-05 Description: Explore Forex Major Currencies Outlook (May 5, 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 volatile day on Friday when the non-farm payrolls report came in stronger than expected. The economy added 288K jobs in April, higher than the estimated 216K gain. The previous month’s figure was also revised to show a stronger pace of hiring for March, enough to bring the jobless rate down to 6.3%. However, components of the report revealed that the decline was mostly spurred by a dropping participation rate, suggesting that there’s still significant slack in the jobs market. Wage growth stagnated for the month of April as well. US ISM non-manufacturing PMI is due today and the index could hold steady at 54.2. **EUR** The euro moved back and forth to the dollar on Friday but failed to make significant headway in either direction. Data from the euro zone was mixed, with the jobless rate and Italian manufacturing PMI beating expectations while the Spanish manufacturing PMI fell short. Euro zone Sentix investor confidence data and EU economic forecasts are on the docket today. **GBP** The pound suffered a quick selloff to the dollar but staged a strong rebound in an instant, after the NFP results were published. UK construction PMI was weaker than expected at 60.8 versus the estimated 62.2 reading. For today, UK banks are on holiday in observance of May Day so pound pairs might be in for a bit of consolidation with no data points up for release as well. **CHF** The franc regained ground on Friday as Swiss SVME PMI printed stronger than expected results. The index jumped from 54.4 to 55.8, outpacing the consensus at 55.1. This reflects a stronger expansion in the manufacturing industry, which could lead to better growth prospects. There are no reports due from Switzerland today. **JPY** The yen tossed and turned to the dollar on Friday but started this week on a strong note, despite Japanese traders being off on a holiday. There are no reports due from Japan today and tomorrow, but it appears that positioning from institutional traders is affecting yen movement in the meantime. **Commodity Currencies (AUD, NZD, CAD)** The comdolls lost a bit of ground to the dollar on Friday but capped off the week with a decent recovery. NZD/USD is moving closer to the .8700 major psychological resistance while AUD/USD found support around .9200. USD/CAD, on the other hand, remains stuck in consolidation. Earlier today, Australia reported a 3.5% decline in building approvals, along with a downward revision in the previous month’s figure. China’s HSBC final manufacturing PMI was revised lower to 48.1 from 48.3, leading to more selling pressure for the Aussie. No other reports are due from the comdoll economies for the rest of the day. *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-5-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-5-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-5-2014/", "headline": "Forex Major Currencies Outlook (May 5, 2014)", "inLanguage": "en", "datePublished": "2014-05-05T13:06:18+00:00", "dateModified": "2014-05-05T13:06:18+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 5, 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-5-2014/#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 5, 2014)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-5-2014/" } ] } ] } ``` ```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" } } ] } ```