# Forex Major Currencies Outlook (October 7, 2013) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-7-2013/ Language: en Updated: 2013-10-07 Description: Explore Forex Major Currencies Outlook (October 7, 2013). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar recovered some of its recent losses for the previous week on Friday, as risk aversion popped its head in the markets. It also helped that a lot of traders booked profits at the end of the week. EUR/USD pulled back to the 1.3600 support area while GBP/USD retreated to 1.6050. There were no reports released from the US then, as the US government shutdown meant that the NFP was not printed. For today, the US is set to print its consumer credit report and possibly show an increase. **EUR** The euro gave up some of its recent profits to the dollar and the yen on Friday, yet it seems that EUR/USD and EUR/JPY are off to a good start this week. Data from the euro zone was weak last Friday, as Germany and euro zone printed weaker than expected PPI readings. For today, euro zone Sentix investor confidence and final GDP reading are up for release. No revisions are projected for the GDP report while the Sentix figure could see an increase from 6.5 to 10.9. **GBP** The pound suffered a heavy selloff on Friday, as traders realized that the recent boom in the U.K. might not be sustained. The weak PMI readings from the manufacturing, construction, and services sector earlier in the week led traders to unwind most of their long pound positions. For today, there are no reports from the U.K. **CHF** The franc lost some ground to the dollar on Friday but some suspect that this might just be a retracement. There were no reports released from Switzerland then and today has the foreign currency reserves report on tap. This report has been showing declines in the past months, which means that the SNB has been having an easier time keeping its franc peg. **JPY** The yen continued its rallying ways on Friday, as the Japanese currency continued to benefit from risk aversion and positive sentiment for the Japanese economy. So far, no additional stimulus measures have been announced by either the government or the BOJ. The BOJ monthly report and leading indicators are up for release today and more positive figures could keep the yen afloat. **Commodity Currencies (AUD, NZD, CAD)**The comdolls were shielded from the selloff last Friday, as the strength of the Australian, New Zealand, and Canadian economies helped keep their currencies afloat. Canada’s Ivey PMI came in below consensus but still printed an improvement from 51.0 to 51.9, reflecting stronger growth in the manufacturing industry. Canadian building permits and New Zealand NZIER business confidence data are up for release in the US session. *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-7-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-7-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-october-7-2013/", "headline": "Forex Major Currencies Outlook (October 7, 2013)", "inLanguage": "en", "datePublished": "2013-10-07T11:13:10+00:00", "dateModified": "2013-10-07T11:13:10+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (October 7, 2013). USDThe US. 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