# Forex Major Currencies Outlook (Nov 10, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-10-2016/ Language: en Updated: 2016-11-10 Description: Explore Forex Major Currencies Outlook (Nov 10, 2016). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was off to a poor start when Trump’s victory became apparent but pulled off a strong comeback during the US session as equities recovered. Investors seem to be pricing in the potential impact of corporate tax reforms and Trump’s other economic plans on companies. There are no major reports due from the US economy today so the focus could stay on the government’s economic agenda. **EUR** The euro tossed and turned in the aftermath of the US elections but eventually ended lower against its peers. There were no reports out of the euro zone yesterday while today has French industrial production and non-farm payrolls. **GBP** The pound also had a volatile run during the announcement of the US election results but ended slightly higher. UK goods trade balance indicated a larger than expected shortfall. There are no reports due from the UK economy today. **CHF** The franc was able to profit from the initial risk-off selloff but soon gave back its gains and more. There were no reports out of the Swiss economy yesterday but the SNB’s constant intervention threat was enough for traders to book profits from their long franc positions quickly. There are still no reports due from Switzerland today. **JPY** The yen ended up one of the biggest losers for the day as it wound up giving up its intraday gains back to its rivals when risk appetite returned. There were no major reports out of Japan yesterday and none are due today so market sentiment could still be the main driver of price action. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were pushed and pulled by changing risk sentiment, giving back some of its previous gains in today’s Asian session. The RBNZ cut rates as expected while Wheeler emphasized that a lower exchange rate for the Kiwi is needed. US crude oil inventories showed a larger than expected buildup of 2.4 million barrels. There are no other reports lined up from the comdoll 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-nov-10-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-10-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-10-2016/", "headline": "Forex Major Currencies Outlook (Nov 10, 2016)", "inLanguage": "en", "datePublished": "2016-11-10T08:04:29+00:00", "dateModified": "2016-11-10T08:04:29+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Nov 10, 2016). USD The US. 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