[FOREX TIP] Weekly Forex News Events for EURUSD – 10th to 14th April 2017

Weekly Forex News Events for EURUSD – 10th to 14th April 2017

EURUSD had another bearish week. This Forex pair was expected to have a volatile week because of scheduled news events in the last week. It really was. Friday’s NFP made the pair move with huge volatility. However, the next week would not be as volatile as it was in the last week. Nevertheless, we need to be careful about some news events in the next week. Let us have a look at the schedule of those news events.

Monday-10^th April 2017

• Fed Chair Yellen speaks

This is a high impact news event. Look at the timing of the news event. Traders normally take their entries by using short time frames around this time. Thus, they should be careful about this news event and make sure that they take their entries after the impact of the speech.

Wednesday-12^th April 2017

• Crude oil Inventories

This news event is going to create some volatility. Intra-day traders should use this news event as an opportunity. Any opened Intra-day positions befor this news event should be dealt with caution.

Thursday-13^th April 2017

• PPI m/m
• Unemployment Claims

Both of them are high impact news events. However, Unemployment Claims data usually creates huge volatility as far as Intra-day charts are concerned. This week’s forecast number is 142K. On an average, the number of claim has been 145K for the last 4/5 weeks. Thus, this number might hurt the USD. If it really does, then EURUSD pair might get volatile. Traders should keep their eyes on this news event to find their opportunity after the news event.

Friday-14^th April 2017

• CPI m/m
• Core CPI m/m
• Core retail sales m/m
• Retail sales m/m

These news events could create huge volatility on EURUSD. Since they are going to take place when the market is about to close for the week, so traders should make a plan to exit from their intra-day positions before these news events.

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