18.01.-22.01. Event Historical Reactions

Source: Dukascopy Bank SA
The week is bound to be busy, as there are many data sets being published. Moreover, two central banks will make rate statements together with monetary policy statements at pre-scheduled times. In addition, take into account that the Bank of Japan, which does not set a certain time, will make a policy statement on Thursday.

Notable data releases are set to start on Wednesday. On that day, the UK and Canadian Consumer Price Indices will be released. On the same day, at 15:00 GMT expect the Canadian Overnight Rate and the Monetary Policy Report to impact all CAD pairs.

On Thursday, the European Central Bank is set to make a rate statement at 12:45. However, note that the biggest EUR moves are expected to occur after the 13:30 ECB press conference. Usually, the journalist question part is the one, which reveals new information that impacts the markets.

As usual, at 13:30 GMT, the US Unemployment Claims are set to be published. The data release has recently been causing insignificant moves.

On Friday, the Markit Institute is set to publish Purchasing Managers Indices for European countries, the United Kingdom and the United States. In addition, at 13:30 GMT on that day, the Canadian Retail Sales data could cause a significant move in the Canadian Dollar pairs.

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.

Wednesday, 07:00 GMT
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Wednesday, 13:30 GMT
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Wednesday, 15:00 GMT
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Thursday, 12:45 GMT
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Thursday, 13:30 GMT
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Friday, 07:00 GMT
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Friday, 08:15 GMT
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Friday, 08:30 GMT
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Friday, 09:00 GMT
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Friday, 09:30 GMT
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Friday, 13:30 GMT
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Friday, 14:45 GMT
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© Dukascopy Bank SA

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Wed, 20 Jan 2021 15:59:31 GMT

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