[FOREX TIP] Weekly Forex News Events for EURUSD – 13th to 17th Feb 2017

Weekly Forex News Events for EURUSD – 13th to 17th Feb 2017 – Will Yellen Spook the market this week?

Overall, EURUSD had a bearish week. It was quite a difficult week to trade for directional traders as the pair was moving up and down without a real direction for most part of the week. The good news for the directional traders is that the week is over and next week starts anew. Let us now have a look at next week’s news events that could potential create volatility on EURUSD…

Tuesday- 14^th February-07.00 GMT

• German Prelim GDP q/q

Tuesday- 14^th February-13.30 GMT

• PPI m/m

Tuesday- 14^th February-15.00 GMT

• Fed chair Yellen speaks

As we can see, coming Tuesday is full of news events. And the one that could shake EURUSD is when Yellen opens her mouth. You should be careful with your intra-day EURUSD entry on the day. All of them are high impact news events, but Fed chair Yellen speech might have more impact as far as volatility is concerned.

Wednesday-15^th February-13.30 GMT

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

Various data comes through these news events and may create huge volatility especially when the actual is far off the forecasted numbers.

Wednesday-15^th February-15.00 GMT

• Fed chair Yellen testifies

Another news event, which is related to Yellen. Whenever Yellen speaks, take caution. Intraday traders should take caution with their trades before this event.

Wednesday-15^th February-15.30 GMT

• Crude oil Inventories

Thursday-16^th February-13.30 GMT

• Building permits
• Phily Fed manufacturing index
• Unemployment claims

These three news events are going to take place at the same time. Unemployment claims data normally creates huge volatility. Over here traders have to be careful and must not only depend on “Unemployment claims” data. Building permits and Philly Fed manufacturing index might create doubt among big traders, which would make the pair create huge spike. Spikes do nothing but wipe off stop losses.

 

 

 

 

 

 

 

 

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