Weekly Market Analysis (June 28 – July 02): Know How News Impacted Your Currency

June 28

BoE Haldane Speech (UK)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, Depending on what they say GBP can get volatile. In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

Fed Williams Speech (US)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Look for the outcome of the news, people try to get clues from these speeches. Look for the outcome of the news as USD might get volatile. In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

ECB Guindos Speech (EUR ZONE)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF EUR is on an uncertain trend, it can go either way and any news can be a push. Don't go for long term unless you are sure. In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate. .

June 29

Unemployment Rate (MAY) (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY This news leaves some impact on the JPY currency. Make sure to check the actual outcome of this news. In Japan, the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force.

German Prelim CPI m/m (Germany)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Comprised of data from 6 German states which report their CPI throughout the day. Lookout for the real outcome it may cause major Impact on EURXXX pairs. Listed as an 'All Day' event because the 'Actual' is comprised of data from 6 German states which report their CPI throughout the day. There are 2 versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release is the Eurozone's earliest major consumer inflation;

CB Consumer Confidence (JUN) (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY USDXXX pairs can get volatile depending on the outcome of the news.

June 30

CPI Flash Estimate y/y (Euro Zone)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Eurostat bases this estimate on energy prices and 13 euro area member states that report early CPI data. EURXXX 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;

ADP 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 This data provides an early look at employment growth, Prices of USD might get weaker. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

GDP m/m (Canada)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD CAD may also get weaker against other currencies. Lookout for actual outcome of the news. It's the broadest measure of economic activity and the primary gauge of the economy's health;

July 01

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;

ISM Manufacturing PMI (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Price movement of USDXXX will depend on the actual outcome. Please lookout as this may severely affect the price. 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 02

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 This is vital economic data released shortly after the month ends. USD and affiliated currencies and others should get very volatile. Trade with caution. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Unemployment Rate (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This might go further strengthening the volatility of USD. 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;

ECB President Lagarde Speaks (EUR)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Lookout for what Lagarde says and keep an eye on EUR to keep track of EUR movement. 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;

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