Ready to Start Trading?

Open a Live or Demo account online in just a few minutes and start trading on Forex and other markets.

Apply online

Any Questions?
Contact us:

phone: +1 849 9370815

email: sales@tradersway.com

Join Us in Just 1 Minute!

Download MT4
MT5 Terminal

Forex Major Currencies Outlook (Apr 14, 2016)

USD

The US dollar regained ground against its counterparts despite weak economic data. 

Headline retail sales fell 0.3% instead of printing the projected 0.1% uptick while core retail sales were up 0.2% versus the projected 0.4% increase. Headline and core PPI also missed expectations. For today, the actual CPI reports are due and another round of weak readings could keep risk aversion in play. 

EUR

The euro retreated against most of its counterparts, as euro zone industrial production fell by 0.8% versus the projected 0.6% dip. Euro zone final CPI readings are due today and no revisions to the flash figures are eyed.  

GBP

The pound took a break from its rallies after seeing strong CPI data, as traders probably reduced their holdings ahead of today's BOE statement. No actual policy changes are expected but policymakers could discuss how a possible Brexit might affect their outlook.  

CHF

The franc gave up ground to the dollar as there were no major reports to support the currency yesterday. Today has the the Swiss PPI on tap and a 0.2% decline in producer prices might follow the previous 0.6% slump.  

JPY

The yen continued to retreat against most of its peers as investors priced in the possibility of BOJ intervention. There were no major reports out of Japan then and none are due today, keeping risk sentiment in play. 

Commodity Currencies (AUD, NZD, CAD)

The comdolls gave back some of their recent gains when risk aversion returned. The BOC kept rates unchanged as expected while refraining from jawboning the Loonie. Still, policymakers noted that their outlook is weaker, citing that the temporary factors that boosted growth in Q1 might not be sustained. Earlier today, stronger than expected Australian jobs data boosted the Aussie, as the economy added 26.1K jobs in March.  

By Kate Curtis from Trader's Way

Any Questions?
Email Us: sales@tradersway.com

bob@tradersway.pro/bd
Quotations
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread

2023 Martin Luther King Holiday Schedule

Due to the Martin King Holiday on 16 January, 2023, market activity and liquidity may be lower than usual....

Learn more

Join Us in Just 1 Minute!

Download MT4MT5 TerminalMetaTrader for Mac
TradersWay's Facebook TradersWay's Telegram Channel TradersWay's Twitter TradersWay's Instagram
bob@tradersway.pro/bd