Weekly Forex News Events for EURUSD – 3rd to 7th July 2017
EURUSD had an eventful last week. However, the next week will not have as many events as it had in the last week. Thus, we could assume that the pair will move technically in the coming week. There are still few news events that we need to keep our eyes on. Let us have a look at those.
Wednesday-12th July- 14.00 GMT
- Fed chair Yellen testifies
This is going to be the first high impact news event for the week. It usually ends up producing long spikes on the intraday charts. Thus, EURUSD traders should be careful with their intraday opened position before this news event.
Wednesday-12th July- 14.30 GMT
- Crude oil inventories
This news event could create huge volatility since it is related to one of the most important commodities in the financial market. Traders had better wait for this news event to finish and then find out the opportunities to take entries.
Thursday-13th July-14.00 GMT
- Fed chair Yellen testifies
This will be the 2nd time of this news event to take place at the same time in the next week. Thus, we should deal with it as carefully as we would do on the first occasion.
Friday-14th July-12.30 GMT
- CPI m/m
- Core CPI m/m
- Core retail sales m/m
- Retail sales m/m
The pair might get very volatile during this new hour as far as intraday charts are concerned. Many traders will take an exit from their position to finish the week off before this new hour. Thus, intraday traders should be sensible with their opened position to deal with this news hour.
The post Weekly Forex News Events for EURUSD – 10th to 14th July 2017 appeared first on Advanced Forex Strategies.
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