8 news releases that move the forex market above 50pips
Here are 8 news releases that have historically moved the forex market by more than 50 pips:
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US Non-Farm Payrolls (NFP): Released monthly by the US Bureau of Labor Statistics, this news release reports on the number of new jobs added to the US economy. A strong NFP report can boost the US dollar, while a weak report can lead to a decline. Example: A 200,000+ NFP report in January 2020 led to a 70-pip move against the euro (EUR/USD).
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Federal Reserve Interest Rate Decisions: The Federal Reserve sets interest rates to influence the US economy. A rate hike can strengthen the US dollar, while a rate cut can weaken it. Example: A 25-basis-point rate hike in December 2018 led to a 120-pip move against the euro (EUR/USD).
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European Central Bank (ECB) Interest Rate Decisions: The ECB sets interest rates for the eurozone. A rate hike can strengthen the euro, while a rate cut can weaken it. Example: A 10-basis-point rate cut in September 2019 led to a 90-pip move against the US dollar (EUR/USD).
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UK Gross Domestic Product (GDP): Released quarterly by the Office for National Statistics, this news release reports on the UK's economic growth. A strong GDP report can boost the British pound, while a weak report can lead to a decline. Example: A 0.5% GDP growth rate in January 2020 led to a 60-pip move against the euro (GBP/EUR).
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US Consumer Price Index (CPI): Released monthly by the US Bureau of Labor Statistics, this news release reports on inflation in the US. A strong CPI report can boost the US dollar, while a weak report can lead to a decline. Example: A 0.4% CPI increase in January 2020 led to a 50-pip move against the euro (EUR/USD).
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German IFO Business Climate Index: Released monthly by the ifo Institute, this news release reports on business sentiment in Germany. A strong IFO report can boost the euro, while a weak report can lead to a decline. Example: A 9.1 IFO reading in January 2020 led to a 40-pip move against the US dollar (EUR/USD).
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US Retail Sales: Released monthly by the US Census Bureau, this news release reports on retail sales in the US. A strong retail sales report can boost the US dollar, while a weak report can lead to a decline. Example: A 0.3% retail sales increase in January 2020 led to a 30-pip move against the euro (EUR/USD).
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China GDP: Released quarterly by the National Bureau of Statistics of China, this news release reports on China's economic growth. A strong GDP report can boost the Chinese yuan, while a weak report can lead to a decline. Example: A 6.1% GDP growth rate in January 2020 led to a 20-pip move against the US dollar (USD/CNY).
Please note that these are just examples, and the actual market reaction to these news releases can vary depending on various factors, such as market sentiment, economic conditions, and central bank actions.