Weekly Market Analysis (May 29 – June 4): Know How News Impacted Your Currency

May 31

Retail Sales y/y (Japan)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY Change in the total value of sales at the retail level should indicate the market volatility, JPYXXX pairs might be volatile around this time. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Inflation Rate YoY Prel (MAY) (Germany)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Depending on the outcome of the news EURXXX pairs can get 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.

GBP AND USD BANK HOLIDAY

Pair Projection What is this news about?
GBPXXX PAIRS AND USDXXX PAIRS Swiss, French, German and Candaian Bank Holyday (Global)

June 1

RBA Rate Statement (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Depending on the actual outcome of the news AUDXXX and XXXAUD might get very volatile. 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;

OPEC-JMMC Meetings (Mulitple Countries)

Pair Projection What is this news about?
All OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. USD and other major currencies along with differenct energy assets might get 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 USA

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Volatility has been indicated throughout the day with different high impact news in USD.. Trade carefully as chances of manipulation is also higher. 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;

June 2

GDP q/q (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Downward volatility is primarily being indicated from the forecast of AUDXXX pairs. Traders are to be careful. It's the broadest measure of economic activity and the primary gauge of the economy's health;

RBA Deputy Gov Debelle Speaks (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF AUDXXX might remain volatile throughout the day! He'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 his public engagements are often used to drop subtle clues regarding future policy shifts;

Mortgage Approvals (APR) (UK)

Pair Projection What is this news about?
GBPXXX PAIRS AND USDXXX PAIRS Depending on the actual outcome of the news GBPXXX pairs might move in a certain way, but volatility is being expected from this our with Majors. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes.

June 3

Retail Sales m/m (Australia)

Pair Projection What is this news about?
AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDNZD, AUDJPY, AUDCHF Sudden upsurge or down surge can occur depending of the volume. AUDXXX should be traded carefully. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

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, usually 2 days ahead of the government-released employment data that it's designed to mimic USDXXX will be very volatile from this time onwards. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

ISM Services PMI (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY As this is a very high impact news, prices should be volatile and depending on the outcome it can go either way. But we are speculating that it will go upwards.

June 4

Fed Chair Powell Speaks (USA)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; USDXXX pairs will be volatile today. 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 (Canada)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; A strong bullish day-trend is expected. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

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 We are expecting huge volatility and upsurge if the actual outcome is anywhere near the forecast, Trade USDXXX and other affiliated currencies carefully. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

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