12.10.-16.10. Macroeconomic Event Reactions

Source: Dukascopy Bank SA
In general, the whole week is bound to have events that in rare cases cause noteworthy moves.

Dukascopy Analytics use the criteria of above 10 pips in 10 minutes on EUR/USD. On average, the EUR/USD moves below ten pips in either direction in the duration of ten minutes without any fundamental announcements. If a scheduled macroeconomic event manages to cause a larger move than ten pips on the chart, it is mentioned in this review.

The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could cause a noteworthy move. In September and August this event caused a slight increase of volatility.

On Wednesday, the US Producers Price Index is scheduled to be published at 12:30 GMT. The last release occurred during a major increase of volatility.

Take into account that the September release occurred at the start of a ECB press conference and Unemployment Claim release. The large move most likely was caused by a combination of factors not the PPI on its own.

On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT.

On Friday, Canada and the US are publishing their Retail Sales data sets at 12:30 GMT.

The US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases the market barely reacts to this data. Namely, there are no sudden asset price and exchange rate adjustments.

The Canadian Retail Sales cause minor moves, as the USD/CAD has moved in a range from 10.5 to 28.5 pips during the last half-year.

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.

Tuesday, 12:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

Wednesday, 12:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

Thursday, 12:30 GMT
© Dukascopy Bank SA

Friday, 12:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

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