Weekly Forex News Events for EURUSD – 3rd to 7th April 2017
EURUSD had a bearish week. The last week’s candle engulfed the previous one. This suggests that the pair might get tricky next week. The next week is going to be the first week of April. Moreover, some high impact news events are there that traders need to be aware of. Let us have a look at those news events.
Monday-3rd April-14.00 GMT
- ISM manufacturing PMI
First high impact news event of the week, which might create long spikes on the Intra-day charts. Traders should be careful with their running Intra-day positions before this news event.
Wednesday-5th April-13.15 GMT
- ADP Non-Farm employment change
This is another news event, which creates long spikes on the Intra-day charts. However, this could be used as an opportunity by the Intra-day traders as well if it is dealt properly.
Wednesday-5th April-14.30 GMT
- Crude oil inventories
This news event creates volatility from time to time. EURUSD intra-day traders should count this news event as well to keep their investment safe.
Wednesday-5th April-18.00 GMT
- FOMC meeting minute
This news event must be taken care by all kinds of EURUSD traders next week. The pair is going to have huge volatility around this news event. Best thing to do would be finding opportunities after the effect of this news event.
Thursday-6th April- 12.30 GMT
- Unemployment Claims
This news event can make the pair be very volatile as well. Traders should use this news event as an opportunity since two consecutive major news events would set the market’s tone.
Friday-7th April-12.30 GMT
- Average Hourly Earnings m/m
- Non-Farm employment change
- Unemployment rate
These 3 news releases will come out with some important data. The pair might get extremely volatile during these news events. They might not be considered to create opportunity since after their affects market will take time to settle down. By the time, it will be the closing time of the next week.
The post Weekly Forex News Events for EURUSD – 3rd to 7th April 2017 appeared first on Advanced Forex Strategies.
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