On Thursday, all British Pound traded assets and currency pairs are expected to move due to the announcement of the Bank of England Official Cash Rate and the Monetary Policy Summary. On Friday, Canada and the US are set to publish their monthly employment data at 12:30 GMT. This event could cause notable moves on all USD and CAD pairs. The moves
On May 4, the Reserve Bank of Australia made a rate statement. The event caused a minor move upwards, as the bank essentially revealed that it would not change its monetary policy. Quoting the statement's key points: "The global economy is continuing to recover from the pandemic and the outlook is for strong growth this year and next. The recovery remains
On April 28, the Federal Reserve (Fed) issued FOMC Statement. As the result, the US Dollar lost 61 pips against the European Common Currency. The Fed voted to keep the Federal Funds Rate unchanged at <0.25%. Also, the US policymakers are now expecting the inflation rate to increase noticeably above 2%. Quoting the reports key points:"The COVID-19 pandemic is causing
On April 27, the Bank of Japan released its rate statement. However, it did not cause any significant moves. The USD/JPY currency pair lost only 4 pips on the 10M time-frame chart. Afterwards, the pair continued to appreciate. According to the report, no considerable changes in monetary policy were made. The Japanese policymakers decided to keep the Policy Rate unchanged.
In total, during the week, seven data sets at six various times are suggested to be watched by Dukascopy Analytics. Among them, the top one is expected to be the US Federal Reserve's Foreign Open Market Committee's Statement. The week's events are set to start on Wednesday. At 12:30 GMT the Canadian Retail Sales and Core Retail Sales are expected to
On April 22, the European Central Bank published its Monetary Policy Statement. In general, the event caused no initial reaction in the market. It occurred due to the rate keeping their policy unchanged. In addition, it was no surprise due to the fact that the ECB recently increased their monetary stimulus policy. Quoting the reports key points: "The interest rate on
On April 21, the Bank of Canada made a rate statement, which created a long unseen move. During the first half an hour after the statement, the USD/CAD had already dropped by almost 150 pips due to the strengthening of the Canadian Dollar. The move occurred due to the bank announcing that it expects inflation to return to the
There are two central banks set to make announcements during the week. Namely, the Bank of Canada on Wednesday, at 14:00 GMT is bound to create CAD moves. Afterwards, on Thursday, the European Central Bank is set to make a policy statement at 11:45 GMT. In addition, to the central banks, we have possible moves from the UK and Canadian CPI
On April 14, the Reserve Bank of New Zealand made a rate announcement and published its Rate Statement. In general, the central bank kept their monetary stimulus policy unchanged. Due to that reason, it can be assumed that the NZD is unlikely going to lose its value against most of other currencies. Quoting the main points of the released statement:
During the week, various data releases could cause an impact on the US Dollar. In addition, the Reserve Bank of New Zealand is set to make a rate statement that is bound to impact the NZD. On Tuesday, at 12:30 GMT the US Consumer Price Index and Core Consumer Price Index are set to be published. On Wednesday, the mentioned RBNZ
On April 7, the US Federal Reserve's Federal Open Market Committee published the meeting minutes of its joint videoconference together with the Fed's Board of Governors. However, it did not occur together with a Monetary Policy Statement and a Rate announcement. Namely, the Meeting Minutes are from the previous monetary statement that was done in mid-March. Due to that reason,
On Friday, at 13:30 GMT, the US Bureau of Labour Statistics published the monthly US employment data sets. Namely, the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate. The data was mixed. The Unemployment Rate hit the market forecast of 6.0%. The Non-Farm Employment Change was at 916,000 new jobs instead of the expected 652,000. This caused
On April 6, the policy of the Reserve Bank of Australia remained unchanged. "At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government
In total there are only five notable times when to watch the economic calendar. However, most of the events are unlikely going to create sudden moves on the charts. On Monday, at 15:00 GMT minor USD moves could be created by the publication of the US ISM Non-Manufacturing Purchasing Managers Indice. Early on Tuesday, the top event of the week is set
During the month, central bank rates and policies remained almost unchanged. The ECB was the only one to increase its quantitative easing efforts. It signals that the EUR should decline. Meanwhile, some managers of the central banks made announcements, which hinted at possible future changes. Australia On March 2, the policy of the bank remained unchanged. "The Board of the Reserve
During the week, the top event will occur at the end of it. Namely, the US employment data sets on Friday at 13:30 GMT could cause sudden large moves on all USD pairs and assets traded in it. Prior to that, events are expected to start on Wednesday. At 07:00 GMT, the UK Final GDP could cause a move on all
There will be a lot of data releases occurring during the week. However, they will start coming in only on Wednesday. On that day, the UK CPI starts the data release week at 07:00 GMT. Afterwards, starting from 08:15 GMT and up to 09:00 GMT expect the European Markit Services and Manufacturing Purchasing Managers Indices to come in. Notable EUR pair
On Wednesday, at 18:00 GMT, the EUR/USD surged, as the US Federal Reserve Federal Open Market Committee issued a monetary policy statement. The currency exchange rate surged 73 pips or 0.61% in the span of 40 minutes following the release. In general, the statement revealed that US interest rate hikes are not to be expected. In addition, the Fed is
On Friday, at 13:30 GMT, all Canadian Dollar pairs reacted sharply to the publication of the Canadian monthly employment data. The USD/CAD dropped 35 pips or 0.28%. Meanwhile, the GBP/CAD pair dropped 44 base points or 0.25%. The move occurred due to the data being a lot better than forecast. Namely, Employment Change was at 259,200 instead of 98,500, Unemployment Rate
On Tuesday, at 12:30 GMT expect the US Retail Sales and Core Retail Sales data. This publication could cause a move on all USD assets and currency pairs. On Wednesday, at 12:30 GMT, Canadian Dollar pairs could move due to the Canadian Consumer Price Index. Later on, at 14:30 GMT, the US Energy Information Administration will publish the weekly US Crude Oil
On Wednesday, at 13:30 GMT the United States Bureau of Labor Statistics published the country's Consumer Price Indices. The monthly Consumer Price Index came in line with expectations at 0.4% growth. Meanwhile, the Core Consumer Price Index slightly disappointed, as it was below the forecast 0.2%. Namely, the Core CPI was at 0.1%. Due to this reason, an adjustment in
Notable data releases will start on Wednesday. On that day, the US Consumer Price Index data could cause a minor move on USD assets at 13:30 GMT. Afterwards, the Bank of Canada is set to make a rate statement, which is most likely going to cause large volatility on Canadian Dollar pairs. Later on, at 15:30 GMT, the US Energy Information
Next week, the top move could be caused by the Reserve Bank of Australia, as the central bank is set to make a rate announcement on Tuesday at 03:30 GMT. Prior to that, on Monday, the US ISM Manufacturing PMI at 15:30 GMT could cause a move in the US Dollar's value. On Tuesday, the release of the Canadian GDP could cause
There are almost no events during the week, which could impact the financial markets. Namely, there are three events that could be watched by some traders. On Wednesday, at 01:00 GMT the Reserve Bank of New Zealand will make a Rate Statement and publish the bank's Monetary Policy Statement. Also on Wednesday, the US Energy Information Administration will publish the weekly