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The Weekly High Impact Forex Economic Events Recap can prepare Investors in advance of specific major impactful economic news releases schedule for the week ahead.

News does Moves Markets Forex and it is highly important that Traders  stay abreast of all the up an coming High impact Forex economic news releases. This can be a very useful tool if properly employed in ones trade plan.  “Remember the wise Trader plans, prepares, exercises prudent risk management, stays one step ahead of the game and knows when to enter and exit the market at the most opportune time.”

According to a Triennial Central Bank Survey Foreign exchange conducted in 2019..turn over in global Fx markets average 6.6 trillion dollars .  The U.S. Dollar (USD) remains the most trade currency in the Forex global market place with 88% of daily trades bought or sold under this survey.  According to a 2016 TCB  Survey the second most traded currency is the Euro (EUR) carrying 36% of trading bought or sold.  The third most traded currency is the Japanese yen (JPY) holding down 21.6% of daily trades bought or sold. The fourth most traded currency within the Forex market is the Pound sterling (GBP) which has 12.8% of daily trades bought or sold.  The fifth most traded currency is the Australian dollar (AUD) which represents 6.9% of daily trades bought or sold.  

Forex Weekly High Economic Events Recap June 7, 2020

06072020-- 06122020(UK Open) (U.S. Open) (Sydney Open)(Tokyo Open)(UK Close) (U.S. Close)(Sydney Close)(Tokyo Close) News Moves Markets Forex
TimeCurEventActualForecastPrevious
Sunday, June 7, 2020
19:50 JPYGDP (QoQ) (Q1)-0.5%-0.9%
Tuesday, June 9, 2020
10:00 USA JOLT Job Openings (APR) 5.750M 6.191M
Wednesday June 10, 2020
08:30 USA Core CPI (MoM) (May)-0.1%-0.4%
14:00 USACrude Oil Inventories 3.038M-2,077M
14:00 USAFOMC Economic ProjectionsSpeech
14:00 USAFOMC Statement
14:00 USAFed Interest Rate Decision0.25%0.25%
14:30 USAFOMC Press ConferenceSpeech
Thursday, June 11, 2020
08:30 United_KingdomGreat-BritainGBPInitial Jobless Claims 1,525K1,877K
08:30 European UnionEURPPI (MoM) (May) 0.1% -0.3%
Friday, June 12, 2020
02:00 United_KingdomGreat-BritainGBPGDP (MoM) 18.7%5.8%
02:00 United_KingdomGreat-BritainGBPGDP (YoY) -22.3% -5.7%
02:00 United_KingdomGreat-BritainGBPManufacturing Production (MoM) (Apr) -15.0%-4.6%
02:00 United_KingdomGreat-BritainGBPMonthly GDP 3M/3M Change-10.0%-2.0%
High Volatility Expected