On Wednesday, at 14:30 GMT, the weekly US Crude Oil Inventories are expected to create oil price volatility. Since mid-August the event has caused oil price adjustments from 27 to 72 cents per barrel.
Later on, the top event of all macroeconomic events will occur. The US Federal Reserve Federal Open Market Committee is going to publish their Economic Projections, Statement and the Federal Funds Rate. This event has caused EUR/USD moves from 17.1 to 67.1 base points.
On Thursday, Markit Institute will publish their Purchasing Managers Indexes. The indexes are a result of survey of manufacturing and services sector managers about their outlook on their respective fields.
At 07:15 GMT, the French Flash Manufacturing and Services PMIs will be published. The immediate reaction to the event has been from 6.4 to 15.1 base points.
On the same day, amidst the European PMIs at 07:30 GMT, the Swiss National Bank will release their Monetary Policy Assessment and the SNB Policy Rate. The USD/CHF has moved from 7.5 to 16.6 pips on the release since June 2020.
At the same time, at 07:30 GMT, the German PMIs will be published. The German results have been the catalyst for moves from 6.8 to 17.8 points.
The PMI releases for Europe will end at 08:00 GMT, when the common Euro Zone Flash Manufacturing and Services PMIs will be published. The common PMIs cause muted reaction, as most occurs after the German data. Namely, the common EU data has caused 4.2 to 13.0 base point moves.
At 08:30 GMT on Wednesday, the UK Markit Purchasing Managers Indices for the Manufacturing and Services sector will be published. The data has caused GBP/USD volatility from 11.4 to 20.8 base points.
On Wednesday, at 11:00 GMT, the Bank of England will release to the public their Monetary Policy Summary, Official Bank Rate and Asset Purchase Facility numbers. Since February 2021, this event has caused GBP/USD moves from 28.0 to 71.8 pips.
The Canadian Dollar could increase volatility around 12:30 GMT on Thursday, as the Canadian Retail Sales and Core Retail Sales will be published. The event has caused USD/CAD moves from 7.5 to 14.6 pips.
Also on Wednesday, at 12:30 GMT, the weekly US Unemployment Claims could cause minor increases of volatility. However, the range for the EUR/USD moves during the release has been from 5.4 to 11.1 base points. On average, the EUR/USD moves less than 10 points on its own, during no event environment.
The week's notable events will end with the US Markit PMI release. Namely, the US Flash Manufacturing and Services PMIs at 13:45 GMT are highly likely to cause USD moves. For example, the EUR/USD has moved from 6.8 to 18.3 pips.
The moves on the tables are measured in pips by measuring five minutes before and after a data release. The exception to the rule are the Brent and Light crude oil prices, which are shown in USD cents.
Wednesday, 14:30 GMT
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Wednesday, 18:00 GMT
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Thursday, 07:15 GMT
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Thursday, 07:30 GMT
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Thursday, 08:00 GMT
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Thursday, 08:30 GMT
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Thursday, 11:00 GMT
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Thursday, 12:30 GMT
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Thursday, 13:45 GMT
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