Weekly Forex News Events for EURUSD – 1st to 5th May 2017
EURUSD had started last week with adjustment. However, the week ended by producing a bearish Spinning Top. The next week is going to be the first week of May. Thus, we have to keep our eyes on the news calendar. Those news events normally set the tone of the pair for the whole month. Let us have a look at the next week’s schedule of the news events… not listed here is the final round of the French election on the 7th May. If you are trading EURUSD and other currencies this week… it’s best to exit all positions as another round of crazy move might just happen. Stay safe…
Monday-1st May-11.45 GMT
- Treasury Sec Mnuchin Speaks
It might not create that volatility, but traders might consider this event before making their intraday trading plan for that day.
Wednesday-3rd May-12.15 GMT
- ADP Non Farm employment change
Wednesday-3rd May-14.00 GMT
- Non Manufacturing PMI
Wednesday-3rd May-14.30 GMT
- Crude oil inventories
EURUSD traders should care about these three news events. All of them are high impact news events, so the pair might get huge volatility. Some good trading opportunities might come after these news events though.
Wednesday-3rd May-18.00 GMT
- FOMC statement
- Federal Funds rate
Two huge news events that must be taken into account by every EURUSD trader. Surely, there will be extreme volatility around these two news events.
Thursday- 4th May- 12.30 GMT
- Unemployment Claim
This news event might create volatility as well. However, this can be used to find opportunities as well.
Thursday- 4th May- 16.30 GMT
- ECB president Draghi speaks
An important event, which must not be ignored by the EURUSD traders.
Friday-5th May-12.30 GMT
- Average Hourly earnings m/m
- Nonfarm employment change
- Unemployment change
Write this time and date on your notebook if you trade on EURUSD. The pair is going to get extremely volatile around these news events.
Friday-5th May-17.30 GMT
- Fed chair Yellen speaks
The pair might already take its route because of the earlier news events. However, intraday positions might get hit around this event.
The post Weekly Forex News Events for EURUSD – 1st to 5th May 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
No comments:
Post a Comment