As it is accustomed, the biggest reaction will be from the Canadian events. This week the Canadian Trade Balance and Employment data are getting released. Meanwhile, the Bank of England rate statement should cause a notable move of nearly twenty pips. In addition, take a look at the US ISM Non-Manufacturing PMI. The last release of the PMI caused a move
The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost 15 pips or 0.13% right after the release. The Euro continued trading at the 1.1110 level against the Greenback.
The US Dollar appreciated against the Canadian Dollar, following the BOC Rate Statement release on Wednesday at 14:00 GMT. The USD/CAD exchange currency rate gained 42 pips or 0.32% right after the release. The Greenback continued trading at the 1.3160 level against the Greenback.
The European Common Currency traded sideways against the US Dollar, following the US Advance GDP data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate lost 10 pips or 0.09% right after the release. The Euro continued trading at the 1.1105 level against the Greenback.
This week most notable event will occur in Canada. The Bank of Canada is set to make a rate announcement. This event creates the most volatility that can be created by a macroeconomic announcement. Meanwhile, the US Federal Reserve is expected to do a rate cut this week, which is expected to have a larger and more long term oriented impact
The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.03% right after the release. The Euro continued trading at the 1.1130 level against the Greenback.
The European Common Currency traded sideways against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 11:45 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.02% right after the release. The Euro continued trading at the 1.1126 level against the Greenback.
The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI survey results release on Thursday at 07:15 GMT. The EUR/USD exchange currency rate gained 16 pips or 0.15% right after the release. The Euro continued trading at the 1.1155 level against the Greenback.
The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Tuesday at 12:30 GMT. The USD/CAD exchange currency rate gained 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3115 level against the Canadian Dollar.
The Australian Dollar appreciated against the US Dollar, following the Australian Employment data set release on Thursday at 00:30 GMT. The AUD/USD exchange currency rate gained 27 pips or 0.40% right after the release. The Aussie continued trading at the 0.6785 level against the Greenback.
The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 8 pips or 0.06% right after the release. The British Pound continued trading at the 1.2810 level against the Canadian Dollar.
The European Common Currency appreciated against the US Dollar, following the US Retail Sales data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1040 level against the Canadian Dollar.
The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 26 pips or 0.19% right after the release. The Greenback continued trading at the 1.3220 level against the Canadian Dollar.
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 75 pips or 0.57% right after the release. The Greenback continued trading at the 1.3210 level against the Canadian Dollar.
The European Common Currency traded sideways against the US Dollar, following the US CPI data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.04% right after the release. The Euro continued trading at the 1.1025 level against the Greenback.
This week half of the notable events are scheduled to occur in the United Kingdom. Note that UK data is always published at 08:30 GMT. Meanwhile, the biggest market reaction most likely will be on the publication of the Canadian CPI on Wednesday at 12:30 GMT. The reactions on the tables are measured in pips by comparing the difference in the exchange
The British Pound traded sideways against the US Dollar, following the UK GDP and Manufacturing Production data releases on Thursday at 08:30 GMT. The GBP/USD exchange currency rate lost 8 pips or 0.06% right after the release. The British Pound continued trading at the 1.2240 level against the Greenback.
The European Common Currency traded sideways against the US Dollar, following the US PPI data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 8 pips or 0.07% right after the release. The Euro continued trading at the 1.0992 level against the Greenback.
The US Dollar depreciated against the Canadian Dollar, following the Canadian Trade Balance data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3306 level against the Canadian Dollar.
The European Common Currency 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 24 pips or 0.22% right after the release. The Euro continued trading at the 1.0965 level against the Greenback.
The European Common Currency appreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey data release on Thursday at 14:00 GMT. The EUR/USD exchange currency rate gained 26 pips or 0.24% right after the release. The Euro continued trading at the 1.0990 level against the Greenback.
The British Pound depreciated against the US Dollar, following the UK Markit Services PMI survey results release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate lost 13 pips or 0.11% right after the release. The British Pound continued trading at the 1.2305 level against the Greenback.
This week the most attention is set to be paid to the FOMC Meeting Minutes. However, the historical data reveals that it has provided medium reactions on currency pairs. Instead take a look at the Friday's Canadian employment data sets, which on average cause moves of 70 pips. Meanwhile, don't forget about the UK GDP and US CPI data on
The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI survey data release on Tuesday at 14:00 GMT. The EUR/USD exchange currency rate gained 24 pips or 0.22% right after the release. The Euro continued trading at the 1.0915 level against the Greenback.