During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make a rate announcement and FOMC Statement. Prior to that, a minor reaction could be caused by the US CPI at 12:30 GMT. In addition, economic calendars show the US PPI and Unemployment Claims
The Euro appreciated against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 11:45 GMT. The EUR/USD exchange currency rate gained 38 pips or 0.34% after the release. The Euro continued trading at the 1.1260 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate gained 9 pips or 0.08% after the release. The Euro continued trading at the 1.1230 level against the Greenback after the release.
The US Dollar depreciated against the Canadian Dollar, following the BOC Rate Statement release on Wednesday at 14:00 GMT. The USD/CAD exchange currency rate lost 32 pips or 0.24% after the release. The Greenback continued trading at the 1.3500 level against the Canadian Dollar after the release.
The Euro traded sideways against the US Dollar, following the US ADP Non-Farm Employment Change data release on Wednesday at 12:15 GMT. The EUR/USD exchange currency rate gained 0 pips or 0.00% after the release. The Euro continued trading at the 1.1195 level against the Greenback after the release.
The Australian Dollar traded sideways against the US Dollar, following the RBA Rate Statement survey results release on Tuesday at 04:30 GMT. The AUD/USD exchange currency rate gained 6 pips or 0.08% after the release. The Aussie continued trading at the 0.6800 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US ISM Manufacturing PMI survey results release on Monday at 14:00 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.1125 level against the Greenback after the release.
The US Dollar appreciated against the Canadian Dollar, following the Canadian GDP data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 20 pips or 0.14% after the release. The Greenback continued trading at the 1.3760 level against the Canadian Dollar after the release.
Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results at 14:00 GMT. On Tuesday, June 2, the Reserve Bank of Australia is set to publish its Rate Statement, as well reveal the Cash Rate at 5:30 GMT. On Wednesday, June 3,
The Euro traded sideways against the US Dollar, following the US GDP and Durable Goods Orders data releases on Thursday at 12:30 GMT. The EUR/USD exchange currency rate gained 4 pips or 0.04% after the release. The Euro continued trading at the 1.1020 level against the Greenback after the release.
The Canadian Dollar traded sideways against the US Dollar, following the Canadian Retail Sales data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.04% after the release. The Canadian Dollar continued trading at the 1.4015 level against the Greenback after the release.
The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Friday at 06:00 GMT. The GBP/USD exchange currency rate lost 3 pips or 0.03% after the release. The Pound continued trading at the 1.2180 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US Flash Manufacturing PMI survey results release on Thursday at 13:45 GMT. The EUR/USD exchange currency rate gained 2 pips or 0.02% after the release. The Euro continued trading at the 1.0990 level against the Greenback after the release.
There are two notable times to watch the economic calendars during the week. First one is set to be 12:30 on Thursday. At that time, a group of various US data sets will be published. Each one of these data sets on their own can cause a move of about ten pips. Combined, the move could total to up to 30
The British Pound traded sideways against the US Dollar, following the UK Flash PMIs survey results release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 8 pips or 0.06% after the release. The Pound continued trading at the 1.2230 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the German Flash PMIs survey results release on Thursday at 07:30 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% after the release. The Euro continued trading at the 1.0970 level against the Greenback after the release.
The US Dollar traded sideways against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 3 pips or 0.02% after the release. The Greenback continued trading at the 1.3890 level against the Canadian Dollar after the release.
The British Pound traded sideways against the US Dollar, following the UK CPI data release on Wednesday at 06:00 GMT. The EUR/USD exchange currency rate gained 5 pips or 0.04% after the release. The Pound continued trading at the 1.2240 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the US Retail Sales data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 17 pips or 0.16% after the release. The Euro continued trading at the 1.0825 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the German Prelim GDP data release on Friday at 08:00 GMT. The EUR/USD exchange currency rate lost 0 pips or 0.00% after the release. The Euro continued trading at the 1.0815 level against the Greenback after the release.
Next week, most macroeconomic data releases are expected to come from the UK. Namely, the UK CPI data release is set to be published on Wednesday, May 20, at 6:00 GMT. On Thursday, the UK Markit Manufacturing and Services PMIs survey results are expected to be released at 8:30 GMT. On Friday, the UK Retail Sales data will be published
The Euro traded sideways against the US Dollar, following the US Unemployment Claims release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% after the release. The Euro continued trading at the 1.0790 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US PPI data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 1 pips or 0.01% after the release. The Pound continued trading at the 1.0880 level against the Greenback after the release.
The British Pound traded sideways against the US Dollar, following the UK GDP and Manufacturing Production data release on Wednesday at 06:00 GMT. The GBP/USD exchange currency rate gained 5 pips or 0.04% after the release. The Pound continued trading at the 1.2280 level against the Greenback after the release.