EURUSD had a bullish week. In the next week, there are not too many high impact news events to take place. Thus, traders who love to trade based on the technical analysis would love the week. However, there are two trading days, when traders have to be watchful with their trading plans. Let us have a look at the schedule of these high impact news events.
Wednesday-18th October-08.10 GMT
- ECB President Draghi speaks
EURUSD pair always reacts strongly whenever Draghi speaks. Timing of his speech is different than the usual timing of his speech. However, intraday traders must be careful with their opened position before this event.
Wednesday-18th October-12.30 GMT
- Building permits
This is a high impact news event, which creates huge volatility on the intraday charts. EUROUSD traders should have a strong plan with their intraday floating trades before this news event.
Wednesday-18th October-14.30 GMT
- Crude oil inventories
This news event does not always create that much of volatility, but can be extremely volatile on its day. Some great trading opportunities can be found once the market is settled down after the news event.
Thursday-19th October-12.30 GMT
- Unemployment claims
This would be the news event next week, where EURUSD traders will keep their eyes on very eagerly. No doubt, it sweeps away intraday stop losses during the event hour. Yes, it also creates great trading opportunities once the market is settled after the event. Thus, EURUSD traders should be sensible to deal with this news event.
The post Weekly Forex News Events for EURUSD – 16th to 20th Oct 2017 appeared first on Advanced Forex Strategies.
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