# Forex Major Currencies Outlook (Nov 26, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-26-2014/ Language: en Updated: 2014-11-26 Description: Explore Forex Major Currencies Outlook (Nov 26, 2014). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar barely benefitted from the upgraded Q3 GDP reading from 3.5% to 3.9%, as forex pairs seemed to react to risk appetite. Components of the report showed that the upgrade was a result of strong consumer spending data and a pickup in business investment. Weaker CB consumer confidence also prevented the dollar from extending its gains, as the reading fell from 94.1 to 88.7 instead of improving to the estimated 95.9 figure. For today, US durable goods orders data is up for release, along with the core PCE price index. **EUR** The euro advanced to most of its forex counterparts, as there were no bleak reports from the euro zone. Germany’s final GDP reading was unchanged at 0.1% while Italian retail sales came in slightly weaker than expected at a 0.1% decline versus the projected 0.2% increase. Data on German import prices is up for release today and a 0.3% decline is expected. **GBP** The pound struggled to hold on to its recent wins yesterday, despite weaker than expected BBA mortgage approvals data and downbeat U.K. inflation hearings. BOE Governor Carney mentioned that the U.K.’s economic prospects might be weighed down by global economic weakness and geopolitical tensions. For today, the second estimate of the U.K. GDP is due and no change is expected from the previous 0.7% figure. **CHF** The franc continued its advance to the dollar and consolidation to the euro since there were no major reports released from Switzerland recently. For today, the UBS consumption indicator is due and an improvement from the previous 1.41 reading might lead to an extended franc rally. **JPY** The yen put up a strong fight in recent trading, as it advanced to most of its forex counterparts. BOJ minutes indicated that policymakers are worried that the impact of the latest round of easing might not be as strong as it was before. There are no reports up for release from Japan today, leaving yen pairs at the mercy of risk sentiment. **Commodity Currencies (AUD, NZD, CAD)** The comdolls had a mixed performance, with the Australian dollar falling sharply and the Kiwi and Loonie raking in a few gains. Canada’s retail sales report came in mixed, with the core figure staying flat instead of showing the projected 0.4% uptick and the headline figure marking a 0.8% increase. Earlier today, Australia’s construction work done for the third quarter saw a 2.2% decline versus the projected 1.7% drop and the previous 1.2% decrease. There are no reports 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-nov-26-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-26-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-nov-26-2014/", "headline": "Forex Major Currencies Outlook (Nov 26, 2014)", "inLanguage": "en", "datePublished": "2014-11-26T06:11:02+00:00", "dateModified": "2014-11-26T06:11:02+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Nov 26, 2014). USDThe US. 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