# Forex Major Currencies Outlook (Oct 29, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-29-2015/ Language: en Updated: 2015-10-29 Description: Explore Forex Major Currencies Outlook (Oct 29, 2015). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar enjoyed a strong rally after the FOMC announcement, as the central bank kept the door open for a rate hike in December. In addition, the Fed upgraded its assessment of business and household spending while sounding less concerned about global growth risks. For today, the US advanced GDP for Q3 is up for release and a 1.6% growth figure is eyed. **EUR** The euro suffered another round of selling to its peers when German import prices printed a sharp 0.7% decline instead of the projected 0.2% dip. Also, the German GfK consumer climate index dropped from 9.6 to 9.4, lower than the expected fall to 9.5. For today, German and Spanish flash CPI readings are due and declines are expected, potentially setting the stage for another weak headline CPI for the entire region. The German unemployment change report is also due today and a 4K drop in joblessness is eyed. **GBP** The pound gave up some of its recent wins, even though there were no reports out of the UK. For today, only medium-tier ones such as net lending to individuals, mortgage approvals, and CBI realized sales figures are lined up. Stronger than expected results could still allow the British currency to recover. **CHF** The franc was one of the weakest currencies in yesterday’s trading sessions, as the Swiss currency is taking its lead from the euro. There were no reports out of Switzerland yesterday and none are lined up today, which means that franc traders might pay closer attention to euro zone data. **JPY** The yen gave up ground to the dollar but was able to take advantage of the run in risk aversion against higher-yielding currencies. Preliminary industrial production data came in stronger than expected with a 1% rise instead of showing the projected 0.5% drop. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave up a lot of ground when the FOMC hinted that tightening was still on the table for this year, spurring a drop in commodities. In addition, the RBNZ sounded dovish in their latest rate statement even if they kept rates on hold at 2.75% as expected. In Australia, the quarterly CPI was a disappointment at 0.5% versus the projected 0.7% figure. No other reports are due 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-oct-29-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-29-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-oct-29-2015/", "headline": "Forex Major Currencies Outlook (Oct 29, 2015)", "inLanguage": "en", "datePublished": "2015-10-29T10:33:03+00:00", "dateModified": "2015-10-29T10:33:03+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Oct 29, 2015). USD The US. 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