02.12-06.12 Event Historical Reactions

Source: Dukascopy Bank SA
The first week of the month is full of data releases that on some Economic Calendar are shown as high impact and could be watched by financial media. However, only a couple of them is actually bound to cause a market reaction.

On Monday, the US ISM Manufacturing PMI could cause a move. For example, since July it has caused moves from 12.7 to 37.2 pips on the EUR/USD.

Afterwards, there will be two central bank rate announcements. On Tuesday, the Australian Cash Rate and, on Wednesday, the Bank of Canada Overnight Rate. The AUD/USD could move from 16.6 to 37.7 pips on Tuesday, and the USD/CAD on Wednesday could move from 51.9 to 85.2 pips.

Note that on Thursday, a minor move could be caused by the Canadian Trade Balance release.

On Friday, the US and Canadian employment data sets are bound to be released. In general, a move from 18.3 to 71.0 pips has been occurring on the release on the USD/CAD. However, the volatility can be massive, as there are five data sets, of which each can give a different signal.

The reactions on the tables are measured in pips by comparing the difference in the exchange rate five minutes before the event and five minutes after the event. The exception are the Light and Brent oil price indices, which are measured in USD.

Monday 15:00 GMT
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Tuesday 03:30 GMT
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Wednesday 13:15 GMT
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Wednesday 15:00 GMT
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Wednesday 15:30 GMT
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Thursday 13:30 GMT
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Friday 13:30 GMT
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© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

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