In today's article, we will go into all the important events,
which are scheduled in the economic calendar, for the next week.
> Calendar week | 03 - - - 16. January 2023 – 20. January 2023
Let's briefly discuss what the listed events mean for your personal trading.
> When you want to trade a currency pair, you should always be careful that you do not accidentally get into an "event".
> These events can end in random volatility, which technical analysis does not respect, and therefore a possible loss.
> A strategy of "Market-Makers" is to liquidate both sides (short | long) to the event and then continue the participated direction.
MONDAY
> CAD | 10:30 p.m. | BOC = Business Outlook Survey
TUESDAY
> GBP | 02:00 a.m. | Employment change + unemployment rate
> EUR | 05:00 a.m. | GER Harmonized Index of Consumer Prices
> CAD | 08:30 a.m. | CPI = Consumer Price Index
> USD | 08:30 a.m. | Change in manufacturing index
WEDNESDAY
> GBP | 02:00 a.m. | CPI = Consumer Price Index
> USD | 08:30 a.m. | Retail Sales
> AUD | 07:30 p.m. | Employment change + unemployment rate
THURSDAY
> Nothing to relevant
FRIDAY
> CAD | 08:30 a.m. | Retail sales
Wednesday will be among certainly the most volatile, with the release of the American "retail sales", at 08:30.
MARKET INFLUENCE
Each of these dates, leads in the respective currency pair, to high / moderate volatility.
> Events that make the overall market volatile are mostly related to the USD.
= This is due to the fact that the USD has a position as an indirect world currency through global acceptance and thus has significant influence on the other currency pairs / economy.
To use an example to explain the influence of the USD on other currency pairs, let's look at the DXY (USD index).
The DXY is composed of the pairs:
EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEC (4.2%) + CHF (3.6%)
When a positive metric is published for the USD = its value rises.
= The pressure on the currencies in the DXY basket increases.
= Thus they are "negatively" valued by traders.
= Sell-off
In summary, the higher the country's opinion on the global economy, the greater impact it takes on the overall market.
> Feel free to share in the comments, about the impact of this week's appointments.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating.
Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
which are scheduled in the economic calendar, for the next week.
> Calendar week | 03 - - - 16. January 2023 – 20. January 2023
Let's briefly discuss what the listed events mean for your personal trading.
> When you want to trade a currency pair, you should always be careful that you do not accidentally get into an "event".
> These events can end in random volatility, which technical analysis does not respect, and therefore a possible loss.
> A strategy of "Market-Makers" is to liquidate both sides (short | long) to the event and then continue the participated direction.
MONDAY
> CAD | 10:30 p.m. | BOC = Business Outlook Survey
TUESDAY
> GBP | 02:00 a.m. | Employment change + unemployment rate
> EUR | 05:00 a.m. | GER Harmonized Index of Consumer Prices
> CAD | 08:30 a.m. | CPI = Consumer Price Index
> USD | 08:30 a.m. | Change in manufacturing index
WEDNESDAY
> GBP | 02:00 a.m. | CPI = Consumer Price Index
> USD | 08:30 a.m. | Retail Sales
> AUD | 07:30 p.m. | Employment change + unemployment rate
THURSDAY
> Nothing to relevant
FRIDAY
> CAD | 08:30 a.m. | Retail sales
Wednesday will be among certainly the most volatile, with the release of the American "retail sales", at 08:30.
MARKET INFLUENCE
Each of these dates, leads in the respective currency pair, to high / moderate volatility.
> Events that make the overall market volatile are mostly related to the USD.
= This is due to the fact that the USD has a position as an indirect world currency through global acceptance and thus has significant influence on the other currency pairs / economy.
To use an example to explain the influence of the USD on other currency pairs, let's look at the DXY (USD index).
The DXY is composed of the pairs:
EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEC (4.2%) + CHF (3.6%)
When a positive metric is published for the USD = its value rises.
= The pressure on the currencies in the DXY basket increases.
= Thus they are "negatively" valued by traders.
= Sell-off
In summary, the higher the country's opinion on the global economy, the greater impact it takes on the overall market.
> Feel free to share in the comments, about the impact of this week's appointments.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating.
Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.