Weekly Market Analysis (Oct 05 – Oct 08): Know-How News Impacted Your Currency

October 05

RBA Rate Statement (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. 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;

BOJ Gov Kuroda Speaks (JPY)

Pair Projection What is this news about?
USDJPY, EURJPY, CADJPY, AUDJPY, GBPJPY, CHFJPY, NZDJPY Depending on the contents of the BOJ Gov kuroda Speaks, JPYXXX pairs can move to either way! As head of the central bank, which controls short term interest rates, he has important influence over the nation's currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts.

ISM Services PMI (USD)

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

October 06

Fed Chair Powell Testifies (USA)

Pair Projection What is this news about?
ALL NZDXXX & XXXNZD PAIRS. Depending on the contents of the news, NZDXXX pairs can move to either way! 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;

RBNZ Rate Statement (NZD)

Pair Projection What is this news about?
ALL NZDXXX & XXXNZD PAIRS. This is a very highly volatile news and anticipated to have a moderate impact on NZDXXX charts. It's among the primary tools the RBNZ 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;

ADP Non-Farm Employment Change (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY USDXXX pairs are anticipated to get volatile. High volumes may suddenly come in the market. Watchout for the actual outcome of the news! Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

October 07

BOC Gov Macklem Speaks (CAD)

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

Unemployment Claims (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF,GBP/USD, NZD/USD, AUD/USD, USD/JPY Not much of an impact is expected on USDXXX pairs. Still keep a close eye on the charts around 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;

Ivey PMI (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'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;

October 08

Unemployment Rate (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. 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;

Average Hourly Earnings m/m (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY USD pairs are anticipated to get volatile around the mentioned time. Keep a close eye on the chart. It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;

Unemployment Rate (USD)

Pair Projection What is this news about?
USD/CAD, EUR/USD, USD/CHF, GBP/USD, NZD/USD, AUD/USD, USD/JPY This is a very high impact news, stay cautious around the mentioned time USDXXX are highly likely to be volatile. 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;

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