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 2016..turn over in global Fx markets average 5.4 trillion dollars . The U.S. Dollar (USD) remains the most trade currency in the Forex global market place with 86.6% of daily trades bought or sold under this 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 May 2, 20320
| May 4, 2020 | -- | May 8, 2020 |  | ||
|---|---|---|---|---|---|
| Time | Cur | Event | Actual | Forecast | Previous |
| Sunday, May 3, 2020 | |||||
21:45  |  CNY | Caixin Manufacturing PMI (Apr) | 50.3 | 50.1 | |
| Monday, May 4, 2020 | |||||
| 03:55 |  EUR | German Manufacturing PMI (Apr) | 34.5 | 34.4 | 45.4 |
| Tuesday, May 5, 2020 | |||||
| 00:30 |  AUD | RBA Interest Rate Decision | 0.25% | 0.25%` | 0.25% |
| 00:30 | AUD | RBA Rate Statement | |||
| 04:30 |  GBP | Composite PMI (Apr) | 13.8 | 12.9 | 12.9 |
| 04:30 | GBP | Service PMI (Apr) | 13.4 | 12.3 | 12.3 |
| 10:00 |  USA | ISM Non-Manufacturing PMI | 41.8 | 52.5 | |
| 18:45 |  NZD | Employment Change (QoQ) (Q1) | 0.7% | 0,00% | |
| 21:30 | AUD | Retail Sales (MoM) (Mar) | 8.5% | 8.2% | 0.5% |
| Wednesday, May 6, 2020 | |||||
| 08:15 | USA | ADP Nonfarm Employment Change (Apr) | -20,236K | -13,050K | -27K |
| 10:30 | USA | Crude Oil Inventories | 4,590M | 10.619M | 8..991M |
| Thursday, May 7, 2020 | |||||
| 03:55 | GBP | BoE Interest Rate Decision (Mar) | 0.10% | 0.10% | 0.10% |
| 08:30 | USA | Initial Jobless Claims | 3,169K | 3,839K | |
| 10:00 |  CAD | Ivey PMI (Apr) | 22.8 | 41.0 | 26.0 |
| Friday, May 8, 2020 | |||||
| 08:30 | USA | Non Farm Payrolls (Apr) | -20,000K | -701K | |
| 08:30 | USA | Unemployment Change (Apr) | -14.0% | 4.4% | |
| 08:30 | CAD | Employment Change (Apr) | -350..0K | -1,010.7K | |
| High | Volatility Expected | |
