What it means. Why markets react.
What happened in previous releases.
This event has not taken place yet. The explanation describes what to watch, rather than a confirmed outcome.
This business survey summarises changes reported by purchasing managers. For headline PMI diffusion indices, 50 usually separates expansion from contraction relative to the previous month. Check sector coverage and component readings.
Stronger activity can support earnings and employment; weaker activity can change the growth outlook and expected policy response.
A positive surprise can support the currency when it improves relative growth or interest-rate expectations. A weak report can have the opposite effect, depending on what markets had already priced in.
The same currency move points in different directions depending on which side of the pair it sits.
If the Australian dollar strengthens relative to the US dollar, this pair tends to rise; relative weakness tends to push it lower.
If the Australian dollar strengthens relative to the Japanese yen, this pair tends to rise; relative weakness tends to push it lower.
If the Australian dollar strengthens relative to the euro, this pair tends to fall; relative weakness tends to push it higher.
The effect on XAU/USD is usually indirect. Watch the US dollar, real US bond yields and safe-haven demand. Gold can rise in a weakening local currency without rising in US dollars.
Compare actual with forecast, check the reporting period and any revisions, then examine the components. One release does not describe the whole economy.
Actual price movement after past releases of this event. Choose a market and a time window.
Limited sample: 4 complete observations. The figures describe these recorded releases.
Average maximum distance from the release price ?The average of each release’s maximum rise and, separately, maximum fall. These excursions can both occur in one window and at different times. They are not a forecast, a net change or a tradable return.
Centre = release price ?The reference is the opening price of the broker candle aligned with the release. All distances are measured from that same price.
These are two separate averages across 4 releases. A release can move both up and down within 30 minutes; this does not show which happened first.
Each window starts at the opening price of the broker candle aligned with the release. Maximum movement is the greatest distance from that price, not the high-to-low range. A reversal after an initial spike does not erase the spike; the net change at the end is shown separately. Only complete candle windows without missing intervals are included.
Simultaneous releases ?Other announcements in the same release window can affect the same prices. The observed move cannot be attributed to this one headline alone. share the same price window. The move may reflect several announcements. The table shows the latest 4 complete observations; the summaries use all 4 observations in the selected sample.
Hover, focus or tap a question mark for an explanation. Table unit: pips.
| Date · UTC ?Dates and release times use Coordinated Universal Time (UTC), so the same release can fall on a different local date. | Maximum move ?The greater of the maximum rise and maximum fall from the release price. Example: from 2,000 to a high of 2,010 and a low of 1,996, the maximum move is 10, not the high-to-low range of 14. | Maximum rise ?The highest recorded price within the window minus the release price, shown as a non-negative distance. | Maximum fall ?The release price minus the lowest recorded price within the window, shown as a non-negative distance. | Net end change ?The price at the end of the window minus the release price. Positive means it ended higher; negative means lower. It does not measure the largest move along the way. |
|---|---|---|---|---|
| 2026/09/22M1 | 1.30 | 0.30 | 1.30 | -0.70 |
Other releases in the same window
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| 2026/08/20M1 | 2.40 | 2.40 | 0.10 | +2.20 |
Other releases in the same window
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| 2026/07/23M1 | 1.30 | 0.20 | 1.30 | -0.20 |
Other releases in the same window
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| 2026/06/22M15 | 1.70 | 1.20 | 1.70 | -0.30 |
Other releases in the same window
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Limited sample: 4 complete observations. The figures describe these recorded releases.
Average maximum distance from the release price ?The average of each release’s maximum rise and, separately, maximum fall. These excursions can both occur in one window and at different times. They are not a forecast, a net change or a tradable return.
Centre = release price ?The reference is the opening price of the broker candle aligned with the release. All distances are measured from that same price.
These are two separate averages across 4 releases. A release can move both up and down within 1 hour; this does not show which happened first.
Each window starts at the opening price of the broker candle aligned with the release. Maximum movement is the greatest distance from that price, not the high-to-low range. A reversal after an initial spike does not erase the spike; the net change at the end is shown separately. Only complete candle windows without missing intervals are included.
Simultaneous releases ?Other announcements in the same release window can affect the same prices. The observed move cannot be attributed to this one headline alone. share the same price window. The move may reflect several announcements. The table shows the latest 4 complete observations; the summaries use all 4 observations in the selected sample.
Hover, focus or tap a question mark for an explanation. Table unit: pips.
| Date · UTC ?Dates and release times use Coordinated Universal Time (UTC), so the same release can fall on a different local date. | Maximum move ?The greater of the maximum rise and maximum fall from the release price. Example: from 2,000 to a high of 2,010 and a low of 1,996, the maximum move is 10, not the high-to-low range of 14. | Maximum rise ?The highest recorded price within the window minus the release price, shown as a non-negative distance. | Maximum fall ?The release price minus the lowest recorded price within the window, shown as a non-negative distance. | Net end change ?The price at the end of the window minus the release price. Positive means it ended higher; negative means lower. It does not measure the largest move along the way. |
|---|---|---|---|---|
| 2026/09/22M1 | 2.60 | 0.30 | 2.60 | -1.50 |
Other releases in the same window
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| 2026/08/20M1 | 4.50 | 4.50 | 0.10 | +3.50 |
Other releases in the same window
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| 2026/07/23M1 | 2.80 | 1.10 | 2.80 | -1.70 |
Other releases in the same window
| ||||
| 2026/06/22M15 | 4.70 | 1.20 | 4.70 | -4.20 |
Other releases in the same window
| ||||
Limited sample: 4 complete observations. The figures describe these recorded releases.
Average maximum distance from the release price ?The average of each release’s maximum rise and, separately, maximum fall. These excursions can both occur in one window and at different times. They are not a forecast, a net change or a tradable return.
Centre = release price ?The reference is the opening price of the broker candle aligned with the release. All distances are measured from that same price.
These are two separate averages across 4 releases. A release can move both up and down within 2 hours; this does not show which happened first.
Each window starts at the opening price of the broker candle aligned with the release. Maximum movement is the greatest distance from that price, not the high-to-low range. A reversal after an initial spike does not erase the spike; the net change at the end is shown separately. Only complete candle windows without missing intervals are included.
Simultaneous releases ?Other announcements in the same release window can affect the same prices. The observed move cannot be attributed to this one headline alone. share the same price window. The move may reflect several announcements. The table shows the latest 4 complete observations; the summaries use all 4 observations in the selected sample.
Hover, focus or tap a question mark for an explanation. Table unit: pips.
| Date · UTC ?Dates and release times use Coordinated Universal Time (UTC), so the same release can fall on a different local date. | Maximum move ?The greater of the maximum rise and maximum fall from the release price. Example: from 2,000 to a high of 2,010 and a low of 1,996, the maximum move is 10, not the high-to-low range of 14. | Maximum rise ?The highest recorded price within the window minus the release price, shown as a non-negative distance. | Maximum fall ?The release price minus the lowest recorded price within the window, shown as a non-negative distance. | Net end change ?The price at the end of the window minus the release price. Positive means it ended higher; negative means lower. It does not measure the largest move along the way. |
|---|---|---|---|---|
| 2026/09/22M1 | 5.00 | 2.80 | 5.00 | +1.90 |
Other releases in the same window
| ||||
| 2026/08/20M1 | 10.00 | 10.00 | 0.10 | +6.00 |
Other releases in the same window
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| 2026/07/23M1 | 8.20 | 8.20 | 2.80 | +8.00 |
Other releases in the same window
| ||||
| 2026/06/22M15 | 15.80 | 1.20 | 15.80 | -9.90 |
Other releases in the same window
| ||||
Limited sample: 4 complete observations. The figures describe these recorded releases.
Average maximum distance from the release price ?The average of each release’s maximum rise and, separately, maximum fall. These excursions can both occur in one window and at different times. They are not a forecast, a net change or a tradable return.
Centre = release price ?The reference is the opening price of the broker candle aligned with the release. All distances are measured from that same price.
These are two separate averages across 4 releases. A release can move both up and down within 4 hours; this does not show which happened first.
Each window starts at the opening price of the broker candle aligned with the release. Maximum movement is the greatest distance from that price, not the high-to-low range. A reversal after an initial spike does not erase the spike; the net change at the end is shown separately. Only complete candle windows without missing intervals are included.
Simultaneous releases ?Other announcements in the same release window can affect the same prices. The observed move cannot be attributed to this one headline alone. share the same price window. The move may reflect several announcements. The table shows the latest 4 complete observations; the summaries use all 4 observations in the selected sample.
Hover, focus or tap a question mark for an explanation. Table unit: pips.
| Date · UTC ?Dates and release times use Coordinated Universal Time (UTC), so the same release can fall on a different local date. | Maximum move ?The greater of the maximum rise and maximum fall from the release price. Example: from 2,000 to a high of 2,010 and a low of 1,996, the maximum move is 10, not the high-to-low range of 14. | Maximum rise ?The highest recorded price within the window minus the release price, shown as a non-negative distance. | Maximum fall ?The release price minus the lowest recorded price within the window, shown as a non-negative distance. | Net end change ?The price at the end of the window minus the release price. Positive means it ended higher; negative means lower. It does not measure the largest move along the way. |
|---|---|---|---|---|
| 2026/09/22M1 | 12.70 | 2.80 | 12.70 | -10.60 |
Other releases in the same window
| ||||
| 2026/08/20M1 | 28.90 | 28.90 | 0.10 | +24.10 |
Other releases in the same window
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| 2026/07/23M1 | 12.10 | 12.10 | 2.80 | +4.30 |
Other releases in the same window
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| 2026/06/22M15 | 24.50 | 1.20 | 24.50 | -23.80 |
Other releases in the same window
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These explanations describe economic mechanisms. Market expectations, liquidity and simultaneous releases can change the actual price response.