Weekly Market Analysis (July 05 – July 09): Know How News Impacted Your Currency

July 05

Retail Sales m/m (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF AUD might get volatile during this time. Keep eye for the actual outcome. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

OPEC-JMMC Meetings (Global)

Pair Projection What is this news about?
All The Organization of Petroleum Exporting Countries (OPEC), Joint Ministerial Monitoring Committee (JMMC), Specially USD, GBP should be very volatile, 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;

Final Services PMI (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news may or may not impact EUR pairs... Keep an eye on the charts and actual outcome of this news. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact;

July 06

RBA Rate Statement (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Depening on the outcome of the mentioned statement, prices of AUDXXX can become volatile momentarily. Look for opportunities. It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions;

RBA Gov Lowe Speaks (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Keep an eye on for what he says. It may cause some impact on AUD.

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 A slight upward movement is expected from USDXXX pairs. 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;

July 07

EU Economic Forecasts (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news may not cause a major impact on EURXXX pairs but better be careful as prices may become temporarily volatile. The forecasts serve as the European Commission's basis for evaluating economic performance and trends of EU member states in regard to potential austerity measures and other forced spending cuts;

OPEC-JMMC Meetings (Global)

Pair Projection What is this news about?
All The Organization of Petroleum Exporting Countries (OPEC), Joint Ministerial Monitoring Committee (JMMC), Specially USD, GBP should be very volatile, 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;

JOLTS Job Openings (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Lookout for this one. Prices of USDXXX may or may not get volatile. It's released late, but can impact the market because job openings are a leading indicator of overall employment;

July 08

FOMC Meeting Minutes (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This news causes a great impact on USD and other affiliated currencies. Watch out for sudden moves. 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;

RBA Gov Lowe Speaks (AUD)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Lookout for what he says. May cause volatility in AUDXXX pairs. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;

Unemployment Claims (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Volatility and sudden down surge is expected from USD pairs. Might go other way around too, depending on the actual outcome. 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;

July 09

ECB President Lagarde Speaks (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Watchout for what Lagarde says, prices of EUR may get temporarily volatile. As head of the ECB, which controls short term interest rates, she has more influence over the euro's value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy;

BOE Gov Bailey Speaks (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; GBPXXX will be volatile. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy

OPEC-JMMC Meetings (Global)

Pair Projection What is this news about?
All The Organization of Petroleum Exporting Countries (OPEC), Joint Ministerial Monitoring Committee (JMMC), Specially USD, GBP should be very volatile, 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;

Employment Change (Canda)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD CADXXX pairs have a decent chance of gaining some price. Although it's not clear yet. Wait till the time mentioned and observe the chart. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

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