# Forex Major Currencies Outlook (October 22, 2013) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-22-2013/ Language: en Updated: 2013-10-22 Description: Explore Forex Major Currencies Outlook (October 22, 2013). USD The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was stuck in consolidation against most of its counterparts but managed to end higher against the pound and the yen. Risk appetite was still up in yesterday’s trading but traders seemed a little more cautious as they unwound some of their dollar positions ahead of today’s NFP event. Before that though, the existing home sales report came in weaker than expected with a downward revision in the previous month’s figure. Stronger hiring is eyed for the month of September, as analysts forecast a 182K rise in employment which should keep the unemployment rate steady at 7.3%. **EUR** The euro managed to hold on to its recent levels against the dollar as the German PPI release came in better than expected at 0.3% versus the estimated 0.1% uptick. There are no reports due from the euro zone today so euro traders will focus on the U.S. non-farm payrolls release, which is expected to result in EUR/USD rallies if the actual figure disappoints. **GBP** The pound lost more ground to the dollar yesterday as there were hardly any reports to give the currency an additional boost. For today, the public sector net borrowing report is due and a smaller figure is expected, which would reflect smaller debt by the government. This should be positive for the pound but a bigger mover for pound pairs might be the NFP release which would affect overall market sentiment. **JPY** The yen continued its losing ways to its major counterparts as the Nikkei stock index chalked up almost 1% in gains. Risk appetite was still up during the Asian session, much to the disappointment of the lower-yielding yen. There are no major reports lined up from Japan today so yen trading could also be driven by the sentiment resulting from the NFP release in today’s New York session. **CHF** The franc simply lazed around the charts yesterday since there were no fresh catalysts from Switzerland. Not even the US existing home sales report was able to bust USD/CHF out of consolidation above the .9000 handle as traders are sitting on their hands ahead of the US NFP release. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave up ground to the US dollar in yesterday’s trading as there were no further releases that fueled their rallies. The New Zealand dollar pulled back to the .8400 area while USD/CAD bounced from 1.0300. Canadian wholesale sales came in slightly below consensus at 0.5% versus the estimate at 0.6%. Canadian retail sales data is up for release today and weaker increases are expected compared to the previous month’s figures. *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-october-22-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-22-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-22-2013/", "headline": "Forex Major Currencies Outlook (October 22, 2013)", "inLanguage": "en", "datePublished": "2013-10-22T12:08:44+00:00", "dateModified": "2013-10-22T12:08:44+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (October 22, 2013). USD The. 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-october-22-2013/#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 (October 22, 2013)", "item": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-22-2013/" } ] } ] } ``` ```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" } } ] } ```