Weekly Market Analysis (Oct 21 – Oct 29): Know-How News Impacted Your Currency

October 21

Unemployment Claims (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This has a very minor probability of changing its current trend. But, there can be some volatility during the mentioned time. 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;

FOMC Member Waller Speaks (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This has a very minor probability of changing its current trend. But, there can be some volatility during the mentioned time. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

RBA Gov Lowe Speaks (AUD)

Pair Projection What is this news about?
AUD/CAD, AUD/USD, EUR/AUD, GBP/AUD, AUD/NZD, AUD/JPY, AUD/CHF Depending on the outcome of the news AUD can move 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;

October 22

German Flash Manufacturing PMI (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF Depending on the outcome of the news EUR can move either way. 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;

German Flash Services PMI (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF This is a very high impact news, stay cautious around the mentioned time EURXXX are highly likely to be volatile. 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;

Treasury Currency Report (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 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;

October 27

Trimmed Mean CPI q/q (AUD)

Pair Projection What is this news about?
AUD/CAD, AUD/USD, EUR/AUD, GBP/AUD, AUD/NZD, AUD/JPY, AUD/CHF This can greatly impact AUDXXX pairs. Keep a closer eye on the charts as prices may get volatile during or prior to the mentioned time. 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;

BOC Monetary Policy Report (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD Depending on the outcome of the news CAD can move either way. 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;

BOC Press Conference (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD A lot of possibilities are out there... CADXXX and XXXCAD pairs are anticipated to get volatile. It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;

October 28

Monetary Policy Statement (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF There are a lot of News Regarding EUR today. Keep a closer look. The market is most likely to get volatile It's the primary tool the ECB 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;

ECB Press Conference (EUR)

Pair Projection What is this news about?
EURUSD, EURJPY, EURGBP, EURCAD, EURAUD, EURNZD, EURCHF There are a lot of News Regarding EUR today. Keep a closer look. The market is most likely to get volatile It's the primary method the ECB 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, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;

October 28

GDP m/m (CAD)

Pair Projection What is this news about?
USDCAD, EURCAD, CADJPY, NZDCAD, CADCHF, AUDCAD, GBPCAD A lot of possibilities are out there... CADXXX and XXXCAD pairs are anticipated to get volatile. It's the broadest measure of economic activity and the primary gauge of the economy's health;

Core PCE Price Index m/m (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. Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. This is rumored to be the Federal Reserve's favorite inflation measure, but CPI is released about 10 days earlier and tends to garner most of the attention;

Treasury Currency Report (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 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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