Weekly Forex News Events for EURUSD – 13th to 17th Mar 2017
EURUSD traders are going to have a week that is full of events. This is one week, which has to be dealt by traders very cautiously. Let us have a look at those events.
Monday- 13th March-13.30 GMT
- ECB president Draghi speaks
This event might create opportunities for the EURUSD traders because of its timing. However, traders might as well be careful with their opened position since it could create volatility and sweep off their stop losses. It would be better to take entry after the news event.
Tuesday-14th March-12.30 GMT
- PPI m/m
This is a high impact news event as well, which normally produces spikes. It could be dangerous for Intra-day traders.
Wednesday-15th March-12.30 GMT
- CPI m/m
- Core CPI m/m
- Core retail sales m/m
- Retail sales m/m
Number of data to be released at the same time. More likely the pair will be on a roller coaster before or at the time of these news events.
Wednesday-15th March-14.30 GMT
- Crude oil Inventories
Another news event, which is well known to produce spikes on the Intra-day charts.
Wednesday-15th March-18.00 GMT
- FOMC Economic projections
- FOMC statement
- Federal Funds rate
EURUSD traders please set an alarm for these news events hour. The pair will surely be extremely volatile before, at the time and after these news events. In fact, these news events might set a trend on the Daily even on the Weekly chart. Traders have to be very cautious to deal with this news hour.
Thursday-16th March- 18.30 GMT
- Building permits
- Philly Fed manufacturing index
- Unemployment claims
These are normally high impact news events. However, FOMC’s events would create the tone. Thus, these news events might not be as volatile as they normally are. However, Intra-day traders should be careful with their opened positions before these events.
Friday – 17th March-14.00 GMT
- Prelim UOM consumer sentiment
It would be the last high impact news event for the week. It might not be that volatile. However, we had better be safe with our Intra-day positions before this news event as well.
The post Weekly Forex News Events for EURUSD – 13th to 17th Mar 2017 appeared first on Advanced Forex Strategies.
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