Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets to slightly increase USD volatility. On Wednesday, the UK and Canadian Consumer Price Indices could cause an increase of volatility. However, it is highly unlikely, as it has occurred quite rarely during the recent past. On Thursday, expect the usual US Unemployment Claims at 13:30 GMT.
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 19 pips or 0.15% after the release. The Greenback continued trading at the 1.3050 level against the Loonie after the release.
The Euro traded sideways against the US Dollar, following the US Employment data set release on Friday at 13:30 GMT. The EUR/USD exchange currency rate lost 7 pips or 0.06% after the release. The Euro continued trading at the 1.1890 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the FOMC Statement release on Thursday at 19:00 GMT. The EUR/USD exchange currency rate gained 27 pips or 0.23% after the release. The Euro continued trading at the 1.1830 level against the Greenback after the release.
During the week, the biggest event to watch will be the Reserve Bank of New Zealand rate announcement on Wednesday at 01:00 GMT. For the New Zealand Dollar traders it is the top event. On Thursday, at 07:00 GMT pay attention to the UK Preliminary GDP, which could cause a minor increase of volatility on the GBP pairs. On the same day,
The British Pound depreciated against the US Dollar, following the BOE Monetary Policy Report release on Thursday at 07:00 GMT. The GBP/USD exchange currency rate gained 80 pips or 0.62% after the release. The Pound continued trading at the 1.3060 level against the Greenback after the release.
The Australian Dollar depreciated against the US Dollar, following the RBA Rate Statement release on Tuesday at 03:30 GMT. The AUD/USD exchange currency rate lost 25 pips or 0.36% after the release. The Aussie continued trading at the 1.7120 level against the Greenback after the release.
The US Dollar depreciated against the Canadian Dollar, following the Canadian GDP data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 22 pips or 0.17% after the release. The Greenback continued trading at the 1.3330 level against the Loonie after the release.
US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. First of all, take into account that two days after the election, on Thursday, the Bank of England and the US Federal Reserve are making rate statements. Most likely, they will adjust to the potential impact on the global
The Euro depreciated against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 12:45 GMT. The EUR/USD exchange currency rate lost 21 pips or 0.18% after the release. The Euro continued trading at the 1.1710 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the US Advance GDP data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate gained 10 pips or 0.09% after the release. The Euro continued trading at the 1.1705 level against the Greenback after the release.
The US Dollar appreciated against the Canadian Dollar, following the BOC Monetary Policy Report release on Wednesday at 14:00 GMT. The USD/CAD exchange currency rate gained 47 pips or 0.36% after the release. The Greenback continued trading at the 1.3320 level against the Loonie after the release.
The British Pound depreciated against the US Dollar, following the UK Flash PMIs survey results release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 21 pips or 0.16% after the release. The Pound continued trading at the 1.3065 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the German and French Flash PMIs survey results release on Friday at 07:15-07:30 GMT. The EUR/USD exchange currency rate gained 46 pips or 0.39% after the release. The Euro continued trading at the 1.1840 level against the Greenback after the release.
During the week, there are three notable events that have caused currency value adjustments in the past. However, as hinted by historical data, those might not be the US data releases and not the US Advance GDP. On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. This event has caused moves on
The US Dollar depreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 17 pips or 0.13% after the release. The Greenback continued trading at the 1.3110 level against the Loonie after the release.
The British Pound appreciated against the US Dollar, following the UK CPI data release on Wednesday at 06:00 GMT. The GBP/USD exchange currency rate gained 69 pips or 0.53% after the release. The Pound continued trading at the 1.3040 level against the Greenback after the release.
Notable events are set to start on Wednesday. On that day the UK and Canadian statisticians are set to publish Consumer Price Indices. In addition, the Canadian Retail Sales data could cause a notable move on Canadian Dollar pairs. On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The week will end with ten noteworthy data sets. On
The US Dollar depreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 40 pips or 0.30% after the release. The Greenback continued trading at the 1.3150 level against the Loonie after the release.
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
The Euro traded sideways against the US Dollar, following the FOMC Meeting Minutes data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 1 pips or 0.01% after the release. The Euro continued trading at the 1.1770 level against the Greenback after the release.
The Australian Dollar appreciated against the US Dollar, following the RBA Rate Statement release on Tuesday at 03:30 GMT. The AUD/USD exchange currency rate gained 16 pips or 0.22% after the release. The Aussie continued trading at the 0.7190 level against the Greenback after the release.
The Euro depreciated against the US Dollar, following the US Employment Data Set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 25 pips or 0.21% after the release. The Euro continued trading at the 1.1700 level against the Greenback after the release.
During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the Institute of Supply Management will publish the Non-Manufacturing Purchasing Managers Index results. On Tuesday, during the early GMT trading hours, the Australian Cash Rate will be published. Namely, the number will be out together with the RBA Rate Statement at 03:30 GMT. Afterwards,