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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 October 27, 2020

10/27/2020-- 10/30/2020(UK Open) (U.S. Open) (Sydney Open)(Tokyo Open)(UK Close) (U.S. Close)(Sydney Close)(Tokyo Close) News Moves Markets Forex
TimeCurEventActualForecastPrevious
Tuesday Oct 27, 2020
08:30 USACore Durable Goods Orders (MoM) (Sep) 0,8% 0.4% 0.6%
10:00 USA CB Consumer Confidence (Oct) 100.9%102.0%101.8%
20:30 austraiaAUD CPI (QoQ) (Q3) 0.7%1.5%-1,9%
Wednesday, Oct 28, 2020
10:00 canadaCAD BOC Rate Decision 0.25% 0.25%0.25%
11:15 USA Crude Oil Inventories 4.320M1.110M-1.101M
10:30 canadaCAD BOC Press Conference Speech
Tentative JapanJPY> BOJ Monetary Policy StatementSpeech
Tentative JapanJPY BOJ Outlook Report Speech
Thursday, Oct 29, 2020
Tentative JapanJPY BOJ Press Conference Speech
04:55 germanyEUR German Unemployment Change (Oct) -35K -5k -8k
08:30 USA GDP (QoQ) (Q3)33.1%31.0%-31.4%r
08:30 USA Initial Jobless Claims751K775K791K
08:45 European UnionEUR Deposit Facility Rate (Oct)-0.50%-0.50%-0.50%
08:45 European UnionEUR ECB Marginal Lending Facility 0.25%0.25%0.25%
08:45 European UnionEUR ECB Monetary Policy Statement
08:45 European UnionEUR ECB Interest Rate Decision 0.00% 0.00%0.00%
09:30 European UnionEUR ECB Press ConferenceSpeech
10:00 USA Retail Sales (MoM) (Sep)-2.2%3.5%8.8%
Friday, Oct 30, 2020
05:00 germanyEUR German GDP (QoQ) (!Q3) 8..2% 7.3%9.7%
06:00 European UnionEUR CPI (YoY) (Oct)-0.3%-0.3%-0.3%
08:30 canadaCAD GDP (YoY) (Oct/) 1,2%0.9%3.0%
HighVolatility Expected

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