economic events -> price action?

woolfman

Newbie
3 0
Hi all, forgive me if my question is stupid (I'm farily new to the game).

Today (9th of July, 14:30 UTC) I saw a sharp price move in several forex pairs (e.g. CADJPY). Since this was noticeable on several pairs and also the DAX, I suspected an economic event to be the reason. Like every Thursday, there were US jobless claims, but these were announced at 14:30 UTC if I recall that correctly. At the time of the move, I could not see any major event I could attribute the move to. Could someone maybe give me an idea, what might have been the cause?

Thanks a lot!
 

woolfman

Newbie
3 0
Oh yeah that makes sense then. Probably a delayed reaction to the (slightly better than expected) jobless claims.

Thanks a lot!
 
 
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