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
The week is bound to be the busiest in the memory of Dukascopy Analytics analysts. In general, there are 21 data sets, which could cause sudden moves in currencies. The 21 data sets can be divided into various groups. Namely, inflation, consumption, weekly data releases and PMI survey results. However, before looking at data, take into account that the US Federal
The Euro appreciated against the US Dollar, following the US Employment data set release on Friday at 13:30 GMT. The EUR/USD exchange currency rate gained 31 pips or 0.26% after the release. The Euro continued trading at the 1.2015 level against the Greenback after the release.
The week is bound to be a quiet one, as minor events are scheduled. However, it was recently spotted that an event, which had lost its impact, has returned. Namely, the US Energy Information Administration weekly US Crude Oil Inventories. This year, this event has been causing reactions of up to 65 cents per barrel. The data table also has
The British Pound appreciated against the US Dollar, following the BOE Monetary Policy Report release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate gained 79 pips or 0.59% after the release. The Pound continued trading at the 1.3640 level against the Greenback after the release.
The Euro depreciated against the US Dollar, following the EU Prelim Flash GDP data release on Tuesday at 10:00 GMT. The EUR/USD exchange currency rate lost 30 pips or 0.25% after the release. The Euro continued trading at the 1.2030 level against the Greenback after the release.
The first week of February is notable with two central bank rate announcements and policy statements and the monthly employment data sets from Canada and the US on Friday. The RBA Rate Statement and Cash Rate will be published on Tuesday at 03:00 GMT. Expect a move on all Australian Dollar pairs. On Thursday, the Bank of England will release their Monetary
The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 25 pips or 0.21% after the release. The Euro continued trading at the 1.2110 level against the Greenback.
The Euro appreciated against the US Dollar, following the German Flash PMIs survey results release on Friday at 08:30 GMT. The EUR/USD exchange currency rate gained 21 pips or 0.17% after the release. The Euro continued trading at the 1.2180 level against the Greenback after the release.
The last week of each month traditionally is relatively calm in regards of the economic calendar. The last month of January is no exception. Most of notable events are expected from the United States. Namely, on Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy plans by publishing the FOMC Statement at 19:00 GMT. On Thursday, January 28,
The Euro traded sideways against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 12:45 GMT. The EUR/USD exchange currency rate gained 10 pips or 0.08% after the release. The Euro continued trading at the 1.2160 level against the Greenback after the release.
The US Dollar depreciated against the Canadian Dollar, following the BOC Monetary Policy Report release on Wednesday at 15:00 GMT. The USD/CAD exchange currency rate lost 72 pips or 0.57% after the release. The Greenback continued trading at the 1.2670 level against the Loonie after the release.
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
The US Dollar depreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 13:30 GMT. The USD/CAD exchange currency rate lost 21 pips or 0.17% after the release. The Greenback continued trading at the 1.2670 level against the Loonie after the release.
The Euro appreciated against the US Dollar, following the US Employment data set release on Friday at 13:30 GMT. The EUR/USD exchange currency rate gained 28 pips or 0.23% after the release. The Euro continued trading at the 1.2280 level against the Greenback after the release.
During the week there will be minor data sets published, which could cause initial reactions of up to 20 pips. Traders with close by tight stop losses should take into account the times of the macroeconomic data releases. On Wednesday, the United States Bureau of Labor Statistics is set to publish the Consumer Price Index and Core Price Index at