Weekly Market Analysis (June 14 – June 18): Know How News Impacted Your Currency

June 14

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 might get 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;

Industrial Production YoY Final (APR) (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY Depending on the outcome of the news, movement of XXXJPY pairs will vary. In Japan, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Industrial Production YoY (APR) (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Depending on the outcome of the news, movement of EURXXX pairs will vary. In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

June 15

Inflation Rate YoY Final (MAY) (Germany)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Depending on the outcome EURXXX pairs can get temporarily volatile. In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education.

Employment Change (MAR) (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, GBP might get weaker from this time around but try to find the actual outcome this will determine the trend. Trade with caution. In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

Retail Sales MoM (MAY) (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY It is still not clear what kind of stimulation will it have on USDXXX but look for market movement around this time. Retail sales report in the US provides aggregated measure of sales of retail goods and services over a period of a month. There are thirteen major types of retailers: Motor vehicle & parts dealers (around 20 percent of total sales), Food & beverage stores (13%), General merchandise stores (12.5%), Food services & drinking places (11%), Gasoline stations (10%), Nonstore retailers (9.2%), Building material & garden dealers (6%), Health & personal care stores (6%), Clothing & clothing accessories stores (5%), Miscellaneous store retailers (2.3%), Furniture stores (2%), Electronics & appliance stores (2%) and Sporting goods, hobby, book & music stores (1.7%).

June 16

CPI m/m (Canada)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This is the most important inflation-related release due to its earliness and broad scope. CADXXX might get volatile. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

FOMC Statement (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Prices of USDXXX pairs should move according to the actual outcome of the statement. It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;

GDP q/q (New Zealand)

Pair Projection What is this news about?
All NZDXXX & XXXNZD PAIRS. Released quarterly, about 75 days after the quarter ends; Prices of NZD can get stronger. Look for actual outcome of the news. It's the broadest measure of economic activity and the primary gauge of the economy's health;

June 17

RBA Gov Lowe Speaks (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; AUDXXX might get 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;

Employment Change (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Uptrend is expected from AUDXXX but not sure because there is variety of outcome possible of this news! Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

SNB Press Conference (Switzerland)

Pair Projection What is this news about?
All CHFXXX and XXXCHF pairs The conference is held when rates are announced in June and December. The outcome of this news leaves a huge impact on the CHF currency. Look for opportunity. It's among the primary tools the SNB Governing Board uses to communicate with investors about monetary policy and the economic outlook;

June 18

Monetary Policy Statement (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY Scheduled 8 times per year; This news impacts significantly on JPY pairs. Depending on the outcome the movement will depend. It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes;

Retail Sales m/m (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, GBPXXX pairs have a slight chance of being volatile or betaking the current structure. Be careful while trading. It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes;

BOJ Press Conference (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY There is no exact time for the publishing of this news. but keep an eye on the JPY charts and look for opportunities. It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy;

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