Weekly Market Analysis (June 21 – June 25): Know How News Impacted Your Currency

June 21

Retail Sales m/m (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF A minor volatility within AUDXXX pairs is expected during the mentioned period of time. Traders are to be careful. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

ECB President Lagarde Speaks (EUR ZONE)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF The outcome of this news can have major impact on EURXXX pairs. 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

Westpac Consumer Sentiment (New Zealand)

Pair Projection What is this news about?
All NZDXXX & XXXNZD PAIRS. This news sometimes impacts the NZDXXX pairs. Even though it's not highly impactful. But, it'd good ot be aware of its actual outcome/ Survey of about 1,500 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation;

June 22

Current Account (Q1) (Switzerland)

Pair Projection What is this news about?
All CHFXXX and XXXCHF pairs A sudden down surge may appear around the time on CHFXXX charts. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Consumer Confidence Flash (JUN)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Consumer confidence index was almost on the way to full recovery. So, the prices of EURXXX can get volatile but look out for the actual result and trade carefully. In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy. The survey is made by phone and covers 23 000 households in the Euro Area. The number of households sample varies across the zone. The questions focus on current economic and financial situation, savings intention as well as on expected developments regarding: consumer price indexes, general economic situation and major purchases of durable goods. The Consumer ESI measures consumer confidence on a scale of -100 to 100, where -100 indicate extreme lack of confidence, 0 neutrality and 100 extreme confidence.

Fed Chair Powell Testifies (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Watch out for his statements, prices of USD and affiliated currencies get volatile during his speeches. 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;

June 23

German Flash Manufacturing PMI (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Released monthly, around 3 weeks into the current month; This news impacts EURXXX pairs greatly. Look for actual outcome. 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;

Flash Manufacturing PMI (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Released monthly, around 3 weeks into the current month; This news impacts USDXXX pairs greatly. Look for actual outcome. 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;

RBA Assist Gov Ellis Speaks (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF This may or may not impact the AUDXXX pairs. Look for the outcome and decisions made during the speech. She's responsible for advising Reserve Bank Board members - who decide where to set the nation's key interest rates - on matters relating to economics, and her public engagements are often used to drop subtle clues regarding future policy shifts;

June 24

Asset Purchase Facility (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, Prices of GBPXXX can get volatile depending on the outcome of the news it can move either way. It increases demand for bonds which usually leads to lower long-term interest rates;

Monetary Policy Summary (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, Prices of GBPXXX can get volatile depending on the outcome of the news it can move either way. It's among the primary tools the MPC 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;

Final GDP q/q (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This news might not have as high of on impact, but the outcome may change this time . USDXXX can get volatile. While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;

June 25

GfK Consumer Confidence (JUL) (Germany)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF A sudden down surge is expected from EURXXX pairs. Look for the actual outcome of the news. It may or may not leave a deep impact on the market! The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above. The questionnaire focuses on income expectations, buying propensity and savings. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average.

European Council Meeting (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This news outcome should leave an impact for the EUR and affiliated currencies. Look for opportunities.

Core PCE Price Index YoY (MAY) (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY There are other two high impact news for USD altogether from this time around! Better be careful with while trading and look for appropriate opportunities. In the United States, the Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed's preferred inflation measure. The central bank has a 2 percent target.

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