EURUSD started the last week with huge gap for German election. It seems that the gap had played a vital role in the market as well. It is time for the EURUSD traders to get their plan ready about next week’s high impact news events. Let us have a look at high impact news events are to take place in the week ahead that might create huge volatility on the pair.
Monday- 2nd October- 14.00 GMT
- ISM Manufacturing PMI
It often ends up producing spikes on the intraday charts. Thus, EURUSD traders should be careful with their intraday floating positions before this news event takes place.
Wednesday-4th October-12.15 GMT
- ADP Non Farm employment change
EURUSD intraday traders could use the volatility in their favour, which is caused by this news event.
Wednesday-4th October-14.00 GMT
- ISM Non-manufacturing PMI
It often ends up producing spikes on the intraday charts. Intraday traders should come out with their floating positions before this news event.
Wednesday-4th October-14.30 GMT
- Crude oil inventories
This could make the pair very volatile. Thus, better be careful as far as intraday trading is concerned.
Thursday-5th October- 12.30 GMT
- Unemployment claims
This is a news event, which comes with many opportunities. EURUSD traders should keep their eyes on the impact of this news event and take entries once the news event is finished.
Friday- 6th October- 12.30 GMT
- Average hourly earnings m/m
- Nonfarm employment change
- Unemployment Rate
If you are a EURUSD trader, take a note on your notebook that this day is going to be extremely volatile. Big time frame traders will surely keep their eyes on these news events to take their entries of the month.
The post Weekly Forex News Events for EURUSD – 2nd to 6th Oct 2017 appeared first on Advanced Forex Strategies.
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