# Forex Major Currencies Outlook (Oct 06, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-06-2017/ Language: en Updated: 2017-10-06 Description: Explore Forex Major Currencies Outlook (Oct 06, 2017). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar capped off another good day as it raked in gains from upbeat data and hawkish Fed remarks. Officials George, Williams, and Harker reaffirmed their inclination for tightening again in December while expressing optimism that inflation will eventually pick up. Meanwhile, the trade balance, factory orders, Challenger job cuts, and initial jobless claims all came in better than expected. The NFP is expected to show a gain of 88K in hiring versus the earlier 156K increase, and traders are also likely to pay close attention to revisions and wage growth. **EUR** The euro weakened to most of its peers as political uncertainty in Spain was at the front and center. The ECB minutes did little to support the shared currency as there weren’t many tapering clues to be found. Only medium-tier reports like German factory orders, French trade balance, and Italian retail sales are lined up today. **GBP** The pound took a huge tumble against most of its counterparts on Prime Minister May’s failure to ignite confidence once again during her latest speech. There were no major reports out of the UK economy then and speeches by BOE members McCafferty and Haldane didn’t dwell too much on monetary policy biases. Only the Halifax HPI is due today, along with another speech by Haldane. **CHF** The franc slid across the board as SNB head Jordan hit the newswires with another round of jawboning. He also explicitly stated that it wouldn’t be a good time to tighten monetary policy. Swiss CPI came in line with expectations of a 0.2% uptick while today has SNB foreign currency reserves data due. A large jump in foreign holdings could keep traders wary of central bank intervention. **JPY** The yen advanced to most of its higher-yielding counterparts as risk aversion was present in the latter sessions. Japanese average cash earnings jumped 0.9% versus the projected 0.5% uptick and the earlier 0.6% drop. There are no other reports lined up from Japan, leaving yen pairs to be sensitive to global bond yields and dollar price action. **Commodity Currencies (AUD, NZD, CAD)** The Loonie slid lower as Canada’s trade balance disappointed with a larger deficit of 3.4 billion CAD versus the projected 2.6 billion CAD shortfall and the earlier 3.0 billion CAD deficit. Both exports and imports dipped to signal weak internal and external demand. Canada’s jobs report is due next and another miss would severely dampen BOC rate hike hopes. Analysts are expecting to see a gain of 13.9K in hiring. The Ivey PMI is also lined up and could show a dip from 56.3 to 56.0. *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-oct-06-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-06-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-06-2017/", "headline": "Forex Major Currencies Outlook (Oct 06, 2017)", "inLanguage": "en", "datePublished": "2017-10-06T07:18:37+00:00", "dateModified": "2017-10-06T07:18:37+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Oct 06, 2017). USD The 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-oct-06-2017/#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 (Oct 06, 2017)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-06-2017/" } ] } ] } ``` ```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" } } ] } ```