economic events -> price action?

[woolfman]

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!

 

[Inquisitor]

The US markets open at that time which could account for the move.

 

[woolfman]

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

Thanks a lot!