Weekly Market Analysis (Nov 01 – Nov 05): Know-How News Impacted Your Currency

November 01

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 This can greatly impact USDXXX pairs. Keep a closer eye on the charts as prices may get volatile during or prior to the mentioned time. 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;

10-y Bond Auction (JPY)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY This news won't have that much high empact on the market. Just to be safe, keep a close eye on the chart during the mentioned time. Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;

Manufacturing PMI (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This news won't have that much high empact on the market. Just to be safe, keep a close eye on the chart during the mentioned time. 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;

November 03

ADP Non-Farm Employment Change (USD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This is a very High Impact News. USDXXX AND XXXUSD Pairs may go volatile during the prior to mention time. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

FOMC Statement (USD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This can greatly impact USDXXX pairs. Keep a closer eye on the charts as prices may get volatile during or prior to the mentioned time. 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;

FOMC Press Conference (USD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD Depending on the outcome of the news USDXXX AND XXXUSD can move either way. It's among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy

November 04

BOE Monetary Policy Report (GBP)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, This is a very high impact News. As it provides valuable insight into the bank's view of economic condition. GBPXXX & XXXGBP Pairs may get volatile during or prior to the mentioned time. It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions;

Official Bank Rate (GBP)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, This can greatly impact GBPXXX & XXXGBP pairs. Keep a closer look. Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;

BOE Gov Bailey Speaks (GBP)

Pair Projection What is this news about?
GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, GBPCHF, EURGBP, Depending on the contents of the BOE Gov Bailey's speech, GBPXXX pairs can move to either way! 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;

November 05

Employment Change (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD Depending on the outcome of the news CADXXX AND XXXCAD can move either way. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Non-Farm Employment Change (USD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This is a very High Impact News. USDXXX AND XXXUSD Pairs may go volatile during the prior to mention time. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Treasury Currency Report (USD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD This is a very High Impact News. USDXXX AND XXXUSD Pairs may go volatile during the prior to mention time. It provides a detailed review of global exchange rate policies, economic conditions, and central bank and government actions around the world. Most importantly, the report outlines countries that the Treasury deems currency manipulators;

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