EURUSD finished with huge bullish momentum last week. The pair broke some significant level of resistance and the buyers will be keen to buy the pair more on weakness next week. Some high impact news events are to take place next week. Let us have a look at those.
Tuesday-29th August- GMT 14.00
- CB consumer confidence
Intraday EuroUsd traders should deal with this carefully since it often produces huge spikes on the intraday charts.
Wednesday-30th August- GMT 12.15
- ADP Non-Farm employment change
This news event has the potential to produce extreme volatility and opportunities for the intraday traders.
Wednesday-30th August- GMT 12.30
- Prelim GDP q/q
This is another news event, which has to be taken care of by the intraday traders.
Wednesday-30th August- GMT 14.30
- Crude oil inventories
It does not always create volatility, but it could be a very volatile news event since it is directly related to the USD and Oil.
Thursday-31st August- GMT 12.30
- Unemployment claims
First Unemployment data of the month always plays an important role in the market. Thus, traders should be careful before this news event, but look for the opportunities after the news event’s impact.
Friday-1st September-GMT 12.30
- Average hourly earnings m/m
- Non-farm employment change
- Unemployment change
EURUSD traders please be very careful before these news events. The pair is bound to get to its extreme volatility level. Traders who trade on big time frames, this would be the day to look for their trading opportunities.
The post Weekly Forex News Events for EURUSD – 28th Aug to 1st Sept 2017 appeared first on Advanced Forex Strategies.
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