If you want to be successful at Forex/CFD trading, it will most likely depend on which assets you trade each week and in what direction, not on the exact strategies you use to decide when to enter and leave trades. At the start of the upcoming week, it's good to look at the big picture of what happened in the past week in the FX market and how economic trends, fundamental factors, and market mood will affect those changes afterwards.

Key Events And Impact On Currencies 

Here is the complete list of all key fundamental events during the past week and their impact on a specified currency.

New Zealand Dollar (NZD)

The Reserve Bank of New Zealand (RBNZ) wanted inflation to be around 2%. This makes the Statistics of New Zealand's quarterly Consumer Price Index (CPI) report very important. The rise in consumer prices would tend to affect the RBNZ's decision on interest rates, which in turn significantly affected the value of the New Zealand dollar.

Amidst these reports, the NZD initially gets some strong momentum but later contains its position in a small range throughout the whole week.

Australian Dollar (AUD)

Australia will likely report an extra 20,000 jobs in September after a big jump in August. Even though the RBA raised interest rates, the job market has been strong, adding more than 400,000 jobs in the last year. The AUD/USD pair went down that week; it was trading majorly near its monthly lows and is struggling to stay up.

United States Dollar (USD)

During the past week, nothing has been seen so drastic in either direction in the USD. The "Initial Jobless Benefits" claims and Biden's speeches were there, which did not impact the US position against the exotic currency pairs. However, long-term tension in the Middle East and the continuing rise of "Jobless Benefits Claims" can damage the US in the Forex Market.

Canadian Dollar (CAD)

The Canadian Consumer Price Index is expected to rise by 4% year over year in September. Core CPI from the Bank of Canada has been increasing, but it is only 3.3% YoY. Rates stopped rising when they reached 5%, the highest level in 22 years.

Despite these reports' launch, the USD/CAD remains in the range of 1.36124-1.37353, making it a stable currency pair of that week.

Chinese Yuan Renminbi (CNY)

 Last week, China has issued three major reports that we can count in the fundamentals of the forex:

1)     GDP Report: The National Bureau of Statistics of China looks at the overall value of all the goods and services that China makes and reports it as the overall Gross Domestic Product (GDP).

2)     Industrial Output Report: The National Bureau of Statistics of China collects industrial output data. It displays the goods made by Chinese companies and other manufacturing sites.

3)     Retail Sales Report: The National Bureau of Statistics of China released a report called "Retail Sales," which shows how much money was made from selling market goods. It shows the total amount of consumer goods businesses sell to people in different social groups and platforms. 

     All of these reports have a significant impact on the Chinese currency. A spike in any of these economic sectors leads to a spike in the currency's stability and power. But this is not always the case as some external factors, current exports, and governmental investments may nullify these factors. The USD/CHY chart shows a very stable moment in the past week. In fact, there is hardly any moment in the pair. The market remained indecisive and moved in the range of 7.2993 and 7.3228.

Great British Pounds (GBP)

The Consumer Price Index (CPI) for the United Kingdom (UK) rose at the same annual rate in September as in August: 6.7%. The data beat Market expectations, which showed a 6.5% increase. In response to the UK CPI data, GBP/USD showed only a minor reaction, maintaining its upward trend toward 1.2200. On that date, the Pound Sterling was worth the most compared to the US Dollar.