Weekly Market Analysis (Aug 30 – Sep 03): Know-How News Impacted Your Currency

August 30

Pending Home Sales m/m (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Could impact USD pairs, but that's really an unsure declaration. Keep an eye on the charts. It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;

Retail Sales y/y (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY May or may not impact on JPY pairs. Look for actual outcome. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Current Account (Canada)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD May or may not impact on CAD pairs. Look for actual outcome. It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;

August 31

GDP m/m (Canada)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD CADXXX pairs might get volatile around the mentioned time. It's the broadest measure of economic activity and the primary gauge of the economy's health;

Chicago PMI (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY USDXXX is anticipated to get volatile from the mentioned time. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

CB Consumer Confidence (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This news makes our anticipation of USDXXX getting volatile a little stronger. Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;

September 01

GDP q/q (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF This is a very high impact news for AUDXXX pairs. Be careful around this time, and lookout for the actual outcome of the news! It's the broadest measure of economic activity and the primary gauge of the economy's health;

ISM Manufacturing PMI (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY USDXXX pairs are anticipated to get volatile. High volumes may suddenly come in the market. Watch out for the actual outcome of the news! It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

OPEC-JMMC Meetings

Pair Projection What is this news about?
GLOBAL This news, sometimes causes an impact on the charts and sometimes it doesn't. Keep a careful eye on the charts and make sure to watch out for any unanticipated outcome from this news! OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded. Source first met in Jan 2017;

September 02

Spanish Unemployment Change (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news may or may not impact EURXXX pairs. Better be careful as market might remain choppy the whole day! Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;

Unemployment Claims (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY A pre released data before NFP's release. Can cause some sudden volatility in USDXXX pairs... lookout for actual data! Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;

FOMC Member Bostic Speaks (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Depending on the actual article of the the speech, the news can cause some momentary volatility on USDXXX pairs. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

September 03

FOMC Member Daly Speaks (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Depending on the outcome for the result USDXXX can move either way. NFP is a highly anticipated event. Be careful trading USD and other affiliated currencies. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Non-Farm Employment Change (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY USD might remain volatile the whole day! This symposium is considered very important. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

ISM Services PMI (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY All high impactful news's around the clock for USD. Stay alert for fakeouts and practice best risk management strategies. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

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