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Event recap

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

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Thursday, Jul 16
13:01 Event recap USD

Philadelphia Fed Employment comes in at 10 against -7.5 consensus

The Philadelphia Fed Employment index registered 10, significantly above the -7.5 consensus. The US Dollar saw varied movement against major pairs in the immediate aftermath.
13:00 Event recap USD

Philadelphia Fed Manufacturing Index comes in at 41.4 against 10.3 consensus

The Philadelphia Fed Manufacturing Index for July 2026 printed at 41.4, significantly exceeding expectations. Initial market reactions show varied movements across major pairs.
13:00 Event recap USD

Unemployment Claims comes in at 215K against 222K consensus

US Unemployment Claims registered 215K, below the 222K consensus. Initial market reaction saw USD strengthen against several majors.
12:45 Event recap CAD

CMHC Housing Starts comes in at 238.971K against 259.178K consensus

Canada's CMHC Housing Starts for July 2026 missed consensus expectations. The actual figure was 238.971K, below the 259.178K forecast.
12:30 Event recap BRL

Retail Sales y/y (BRL) comes in at 0.4% against 1.8% consensus

Brazil's Retail Sales year over year came in at 0.4%, significantly below the 1.8% consensus. USDBRL reacted with a notable move.
12:30 Event recap BRL

Retail Sales m/m (BRL) comes in at 0.1% against -0.5% consensus

Brazil's Retail Sales m/m registered 0.1%, exceeding the consensus forecast. USDBRL moved significantly after the data release.
09:30 Event recap EUR

Trade Balance n.s.a. (EUR) comes in at -7.8B against 6.3B consensus

Eurozone's unadjusted Trade Balance reported at -7.8B, significantly missing the 6.3B consensus. EUR pairs showed generally small reactions in the initial 15 minutes.
09:30 Event recap EUR

EUR Trade Balance comes in at -5B against 8.4B consensus

The latest Eurozone Trade Balance was reported at -5B, significantly missing the 8.4B consensus. The Euro's market reaction was generally muted.
Wednesday, Jul 15
15:00 Event recap USD

EIA Cushing Crude Oil Stocks Change comes in at 0.43M against 0.557M consensus

The latest EIA Cushing Crude Oil Stocks Change reported 0.43M, falling short of the 0.557M consensus. Market reaction was mixed, with GBPUSD showing a notable move.
15:00 Event recap USD

EIA Crude Oil Stocks Change comes in at -1.692M against 1.001M consensus

EIA Crude Oil Stocks Change for July 15, 2026, showed a draw of -1.692M, significantly below the 1.001M consensus. Market reactions varied across pairs, with GBPUSD...
14:30 Event recap CAD

Overnight Rate (CAD) comes in at 2% against 2.25% consensus

The Bank of Canada's Overnight Rate was announced at 2%, below the 2.25% consensus. Initial market reactions show varied moves across CAD pairs.
13:00 Event recap CAD

Wholesale Trade m/m (CAD) comes in at 0% against -1.3% consensus

Canada's Wholesale Trade month over month registered 0%, significantly above the -1.3% consensus. The Canadian dollar showed varied reactions across major pairs.
13:00 Event recap USD

Core PPI m/m comes in at 0.2% against 0.2% consensus

Core PPI m/m matched consensus at 0.2%. USD pairs and XAUUSD showed movement in the 15 minutes following the release.
13:00 Event recap USD

PPI m/m (USD) comes in at -0.3% against 1.6% consensus

US Producer Price Index month over month data significantly missed expectations, printing at -0.3% against a 1.6% consensus. The US Dollar weakened across major pairs following...
09:30 Event recap EUR

Industrial Production m/m (EUR) comes in at -0.2% against -0.1% consensus

Eurozone Industrial Production m/m registered -0.2%, missing the -0.1% consensus. Initial market reaction in EUR pairs has been limited.
06:00 Event recap USD

US Core CPI m/m comes in at -0.0%

The latest US Core CPI month-over-month figure was released at -0.0%. The market reaction saw the US Dollar generally weaken against major pairs.
06:00 Event recap USD

US CPI m/m comes in at -0.4%

The latest US CPI m/m data showed a decrease of 0.4%. The release prompted a notable weakening of the US Dollar against major currencies and significant...
05:00 Event recap JPY

Tertiary Industry Activity Index m/m comes in at 1.1% against 0.1% consensus

Japan's Tertiary Industry Activity Index m/m printed at 1.1%, significantly exceeding the 0.1% consensus. Initial market reaction across JPY pairs was limited.
02:31 Event recap CNY

China Unemployment Rate comes in at 5% against 5% consensus

China's Unemployment Rate for July matched expectations at 5%. USDCNH saw a +14 pip move within 15 minutes of the release.
02:31 Event recap CNY

Industrial Production YTD y/y (CNY) comes in at 5.4%

China's Industrial Production YTD y/y was reported at 5.4 percent. The USDCNH pair saw a modest move in the minutes following the release.