As it occurred during the last week, due to the fundamental changes in the markets, Dukascopy Analytics suggest to note the scheduled macroeconomic events, but avoid using historical data for guidance. Namely, the whole world changes the money supply by announcing monetary stimulus and government expense increases. In other words, the central banks are creating more money and giving it
The Euro traded sideways against the US Dollar, following the US ISM Manufacturing PMI survey results release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% after the release. The Euro continued trading at the 1.0930 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US ADP Non-Farm Employment Change data release on Wednesday at 12:15 GMT. The EUR/USD exchange currency rate gained 3 pips or 0.03% after the release. The Euro continued trading at the 1.0930 level against the Greenback after the release.
On Thursday, the weekly US unemployment claims revealed that almost 3.3 million people are out of work. It indicates that massive lay offs are occurring. Namely, the coronavirus has hit the economy hard. Due to that reason the macroeconomic data release historical data can not be used to forecast this weeks moves. However, take a look at the list of
The Euro depreciated against the US Dollar, following the US Unemployment Claims data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 19 pips or 0.18% after the release. The Euro continued trading at the 1.0950 level against the Greenback after the release.
The British Pound depreciated against the US Dollar, following the UK Monetary Policy Statement release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate lost 19 pips or 0.16% after the release. The Pound continued trading at the 1.1960 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the German Flash Manufacturing and Services PMIs survey results release on Tuesday at 08:30 GMT. The EUR/USD exchange currency rate lost 7 pips or 0.06% after the release. The Euro continued trading at the 1.0830 level against the Greenback after the release.
The US Dollar traded sideways against the Canadian Dollar, following the Canadian Retail Sales release on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 9 pips or 0.06% after the release. The Greenback continued trading at the 1.4280 level against the Canadian Dollar after the release.
The British Pound traded sideways against the US Dollar, following the BoE Monetary policy Summary release on Thursday at 12:30 GMT. The GBP/USD exchange currency rate gained 6 pips or 0.05% after the release. The Pound continued trading at the 1.1720 level against the Greenback after the release.
Last week of the March is expected to be relatively calm. Notable data releases are set to start on Tuesday. On Tuesday, March 24, the German Flash Manufacturing and Services PMIs survey results are set to be released at 8:30 GMT. On Wednesday, March 25, the UK CPI data will be published at 9:30 GMT. At the same day, the US Durable Goods
The US Dollar depreciated against the Canadian Dollar, following the Canadian CPI release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 22 pips or 0.15% after the release. The Canadian Dollar continued trading at the 1.4380 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US Retail Sales release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05% after the release. The Euro continued trading at the 1.0985 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the FOMC Statement release on Sunday at 21:00 GMT. The EUR/USD exchange currency rate gained 62 pips or 0.56% after the release. The Euro continued trading at the 1.1150 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the EU Monetary Policy Statement release on Thursday at 12:45 GMT. The EUR/USD exchange currency rate gained 79 pips or 0.71% after the release. The Euro continued trading at the 1.1240 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US CPI data release on Wednesday at 12:30 GMT. The GBP/USD exchange currency rate lost 5 pips or 0.04% after the release. The Euro continued trading at the 1.1345 level against the Greenback after the release.
The British Pound depreciated against the US Dollar, following the UK GDP and Manufacturing Production data release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate lost 15 pips or 0.11% after the release. The Pound continued trading at the 1.2960 level against the Greenback after the release.
The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Wednesday at 07:00 GMT. The GBP/USD exchange currency rate lost 56 pips or 0.44% after the release. The Pound continued trading at the 1.2900 level against the Greenback after the release.
The US Dollar traded sideways against the Canadian Dollar, following the Canadian Employment data set release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 10 pips or 0.07% after the release. The Greenback continued trading at the 1.3415 level against the Canadian Dollar after the release.
The Euro depreciated against the US Dollar, following the US Employment data set release on Friday at 13:30 GMT. The EUR/USD exchange currency rate lost 17 pips or 0.15% after the release. The Euro continued trading at the 1.1320 level against the Greenback after the release.
Next week will be relatively calm. Notable data releases are set to start on Wednesday. On Wednesday, March 11, the British GDP and Manufacturing Production data will be released at 9:30 GMT. At the same day, the US CPI and Core CPI will be published at 12:30 GMT. Later this day, the US Crude Oil Inventories are set to be released at 14:30
The US Dollar appreciated against the Canadian Dollar, following the BOC Rate Statement release on Wednesday at 15:00 GMT. The USD/CAD exchange currency rate gained 65 pips or 0.49% after the release. The Greenback continued trading at the 1.3410 level against the Canadian Dollar after the release.
The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange currency rate lost 21 pips or 0.19% after the release. The Euro continued trading at the 1.1110 level against the Greenback after the release.
The Euro traded sideways against the US Dollar, following the US ADP Non-Farm Employment Change data release on Wednesday at 13:15 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.1130 level against the Greenback after the release.
The Euro appreciated against the US Dollar, following the FOMC Statement release on Tuesday at 15:00 GMT. The EUR/USD exchange currency rate gained 61 pips or 0.55% after the release. The Euro continued trading at the 1.1200 level against the Greenback after the release.