# Forex Major Currencies Outlook (Oct 12, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-12-2015/ Language: en Updated: 2015-10-12 Description: Explore Forex Major Currencies Outlook (Oct 12, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy. Import prices posted a mere 0.1% decline instead of the projected 0.5% drop while the previous reading was revised slightly higher. For today, US traders are off on a Columbus Day holiday, which suggests lower liquidity and potentially higher volatility among dollar pairs. **EUR** The euro advanced against some of its peers on Friday, even though data from the region came in mixed. France reported a 1.6% jump in industrial production while Italy recorded a worse than expected 0.5% slide. There are no reports lined up from the euro zone today, suggesting that pairs could take their cue from market sentiment or stay in range. **GBP** The pound was still in a weak spot last week, particularly against the commodity currencies, due to bleak data from the UK. The trade balance was weaker than expected, as it showed a deficit of 11.1 billion GBP versus the projected 10 billion GBP shortfall while the previous reading was downgraded. Construction output was also weaker than expected with a surprise 4.3% decline. The UK CB leading index is due today, along with a speech by hawkish MPC member Weale. **CHF** The franc was able to regain ground to the dollar on Friday, despite the lack of data from Switzerland. It appears that European traders are looking for a safe-haven alternative, keeping the Swiss currency supported. There are still no reports due from the Swiss economy today, keeping market sentiment in play. **JPY** The yen gave up ground to its forex rivals, as risk appetite improved. There have been no reports out Japan recently, although the earlier ones have been mostly disappointing. Japanese traders are out on a holiday today, suggesting subdued price action during the Asian trading hours. **Commodity Currencies (AUD, NZD, CAD)** The comdolls continued to rally across the forex charts, thanks to improved data. However, the Loonie fell behind when the components of the Canadian jobs report showed a dismal picture. As it turns out, the strong headline figure was simply a result of part-time hiring while full-time employment showed losses. Canadian traders are out on holiday but BOC Governor Poloz has a speech lined up. *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-12-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-12-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-12-2015/", "headline": "Forex Major Currencies Outlook (Oct 12, 2015)", "inLanguage": "en", "datePublished": "2015-10-12T08:54:11+00:00", "dateModified": "2015-10-12T08:54:11+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Oct 12, 2015). 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/c/tradersway" ], "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-12-2015/#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 12, 2015)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-12-2015/" } ] } ] } ``` ```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" } } ] } ```