Weekly Forex News Events for EURUSD – 6th Feb to 10th Mar 2017
EURUSD finished the last week with bearish tone. Next week there are number of news events that might create volatility on the pair. Let us now have a look at those news events and their possible impact on EURUSD.
Monday-27th February-13.30 GMT
- Core durable goods orders m/m
This news event usually produces huge spikes on the Intra-day time frames.
Tuesday-28th February-13.30 GMT
- Prelim GDP q/q
This one can produce volatility and often sweeps away stop losses if they are set on Intra-day time frames.
Tuesday-28th February-15.00 GMT
- CB Consumer confidence
This news event does not produce huge spikes, but can make the pair be volatile enough.
Wednesday-1st March-15.00 GMT
- ISM Manufacturing PMI
This news event often produces huge volatility on EURUSD.
Wednesday-1st March-15.30 GMT
- Crude oil inventories
This news event is directly related to oil. Thus, it is related to XAUUSD. This often leads EURUSD to get volatile.
Thursday-2nd March-13.30 GMT
- Unemployment claims
This is going to be the most volatile news event in the next week. Thus, traders should be careful with their opened positions that are taken on the Intra-day time frames. This week’s forecast is 245K. Last week’s claim was 244K. Both numbers are adjacent. Thus, if the original claim is less than the forecast, then we might see a huge volatility, which might set a trend for couple of days.
Friday-3rd March-15.00 GMT
- ISM Manufacturing PMI
This news event is going to be the last high impact news event in the next week. However, timing of the news event does not have that much of impact. Nevertheless, if you are an intraday traders, then you might as well want to come out with your entries before this news event.
The post Weekly Forex News Events for EURUSD – 6th Feb to 10th Mar 2017 appeared first on Advanced Forex Strategies.
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