Weekly Market Analysis ( Jan 03 – Jan 07 ): Know-How News Impacted Your Currency

January 03

Spanish Manufacturing PMI (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news is not gonna have that much impact on the chart. But keep a eye on the chart if you have any EURXXX trade running. 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;

Final Manufacturing PMI (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF There might be some impact on the market when this News is released. Keep an eye on the chart. 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;

Final Manufacturing PMI (USD)

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 of the news USD can move either way. 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;

January 05

ADP Non-Farm Employment Change (USD)

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 of the news USD can move either way. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Building Permits m/m (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This news is not gonna have that much impact on the chart. But keep a eye on the chart if you have any CADXXX trade running. It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building;

FOMC Meeting Minutes (USD)

Pair Projection What is this news about?
ALL NZDXXX & XXXNZD PAIRS. USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;

January 06

French 10-y Bond Auction (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news won't have that much impact on the market. But you can keep an eye on the chart, to be safe. Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;

Unemployment Claims (USD)

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 of the news USD can move either way. 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;

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 USDXXX pairs can be greatly affected by it. Watch the charts closely as the price may become volatile during or before the time period. 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;

January 07

Unemployment Rate (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This news will have a great impact on CADXXX & XXXCAD pairs. The market can move either way depending on the outcome of the news 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;

Non-Farm Employment Change (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY This News is gonna have massive impact on USDXXX & XXXUSD pairs. Better keep your eyes on the chart. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Unemployment Rate (USD)

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 of the news USD can move either way. 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;

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