Weekly Forex News Events for EURUSD – 29th May to 2nd June 2017
EURUSD had a slightly bearish week. However, if we consider the week one before that, then EURUSD is still in the bullish mode. Next week there are some high impact news events that will create volatility on the pair. Let us have a look at the schedule of those news events.
Monday-29th May-13.00 GMT
- ECB president Draghi speaks
Although, this Monday is going to be a bank holiday in the US, but Draghi’s speech might create volatility on EURUSD. EURUSD traders might as well use this news event as an opportunity once the market is settled after his speech.
Tuesday-30th May-14.00 GMT
- CB consumer confidence
A news event, which creates spikes and sweep off Intraday stop losses.
Thursday-1st June-12.30 GMT
- Unemployment Claims
Usually this is one of the massive news events for EUROUSD of a trading week. Traders should be more careful to deal with this news event since the next Thursday is the first day of the month.
Friday-2nd June-12.30 GMT
- Average hourly earnings m/m
- Non Farm employment change
- Unemployment rate
EURUSD traders must be careful about these news events next week. Three of them are high impact news events, but Non Farm employment change is the event, which normally creates extreme volatility. The data of this news event often set the tone of EURUSD for the rest of the month. No way Intraday traders should take any entry just before this news hour. However, big time frame traders might use it as a huge opportunity if they know which page they are on.
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