# Forex Major Currencies Outlook (Nov 23, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-23-2016/ Language: en Updated: 2016-11-23 Description: Explore Forex Major Currencies Outlook (Nov 23, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a mixed performance as it struggled to extend its gains against its counterparts. Medium-tier reports turned out better than expected but US traders seem to be booking profits ahead of the Thanksgiving holidays. US durable goods orders data is due today, along with the FOMC meeting minutes. **EUR** The euro consolidated to the dollar and advanced to the yen, but it was no match to comdoll strength. The region’s consumer confidence index improved from -8 to -6 but investors seem to be more focused on political event risks lined up, particularly the Italian referendum and French elections. Flash PMI readings from Germany and France are lined up today and strong improvements could keep the shared currency afloat. **GBP** The pound tried to advance against the dollar and yen but also paled in comparison to commodity currencies. UK public sector net borrowing was better than expected at 4.3 billion GBP. The government’s Autumn Forecast Statement is lined up today and optimistic forecasts and ambitious plans, as hinted at by PM May earlier in the week, could push the pound higher. **CHF** The franc was one of the weaker performers of the bunch as risk appetite pushed the lower-yielding currency down. Apart from that, Swiss trade balance came in below expectations, reviving fears of SNB intervention in order to keep export activity supported. There are no reports due from Switzerland today. **JPY** The yen was still losing ground across the board, as traders pursued higher-yielding currencies. Japanese banks are closed for the holiday today so thin liquidity and potentially higher volatility could be seen during the Asian session. **Commodity Currencies (AUD, NZD, CAD)** The comdolls strengthened across the board on improved risk sentiment, although the Loonie was slightly weaker on doubts about an OPEC output deal. Sources say that the technical talks went “successfully” but Iran and Iraq still have doubts when it comes to participating in production cuts. Canada’s retail sales also missed expectations. US crude oil inventories are due today and a large buildup could put more weight on crude oil. *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-23-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-23-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-23-2016/", "headline": "Forex Major Currencies Outlook (Nov 23, 2016)", "inLanguage": "en", "datePublished": "2016-11-23T06:16:19+00:00", "dateModified": "2016-11-23T06:16:19+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Nov 23, 2016). USDThe US. 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