[FOREX TIP] Weekly Forex News Events for EURUSD – 9th to 13th Oct 2017

EURUSD finished the last week with a strong bearish tone. NFP release pushed the price towards the upside, but the overall scenario suggests that the pair is still biased with the bear. The next week will be an interesting week as far as news events are concerned. Not too many news events are to take place in the next week. However, two massive news events to take place that are bound to shake the pair.

Let us have a look at the high impact news events’ schedule that are to create volatility on the pair.

Wednesday-11^th October- GMT 18.00

• FOMC meeting minutes

Big traders will be waiting for this one. Intraday traders must not let their trade floating just before this news event. Traders that know how to trade using big time frame, they will surely love this news event to take their entries of the month!

Thursday-12^th October-GMT 12.30

• PPI m/m
• Unemployment claims

These two news release events are going to shake the pair. Needless to say that some excellent opportunities might come once the market gets settled down.

Thursday-12^th October-GMT 14.30

• ECB president Draghi speaks

This shakes all the EURO pairs. EURUSD gets shaken by this news event even more than other pairs. EURUSD traders should wait for the news event to get over to take their entries.

Thursday-12^th October-GMT 15.00

• Crude oil inventories

It does not always shake the market, but it could make the pair very volatile on its day.

Friday-13^th October- GMT 12.30

• CPI m/m
• Core CPI m/m
• Core Retail Sales m/m
• Retail Sales m/m

They could make the pair very volatile since they are going to take place at the very end of the week.

 

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[FOREX TIP] AUDUSD Weekly Forex Forecast – 9th to 13th Oct 2017

AUDUSD Weekly Forex Forecast – 9th to 13th Oct 2017

The AUDUSD broke to new lows but it has found support at 0.7730. Now, as long as we trade above last week low on a daily closing basis, we should expect to fill in last week’s price range. However, a break below 0.7730 can open the door for a retest of daily support level 0.7640. The stochastic indicator is in oversold territory, so a bounce can happen early in the week. On the upside the first level of interest is at 0.7800 resistance level. A break and a daily close above 0.7800 can open the door for a retest of 0.7875 resistance level.

The Australian economic calendar doesn’t have major risk events scheduled. The only notable risk event is the RBA Assistant Governor Debelle speech scheduled on Tuesday. The other major risk event is the IMF meeting that will gather together central banks governors and Finance ministers.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 9th to 13th Oct 2017

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[FOREX TIP] USDCAD Weekly Forex Forecast – 9th to 13th Oct 2017

USDCAD Weekly Forex Forecast – 9th to 13th Oct 2017

The USDCAD rally continued to extend to the upside, but the long-term bearish trend still remains intact. The weekly close above 1.2500 big psychological numbers might be a sign of buyer presence, but this gets invalidated if we take in consideration the bearish trend so we should expect a break back inside last week range. However a break and a daily close above last week high 1.2600 might open the upside for a retest of 1.26660.

The stochastic indicator is showing a crossover and moving down from overbought territory, so this can set the stage for a retest of 1.2410. A break and a daily close below 1.2410 can open the door for a retest of support level 1.2250. The Canadian economic calendar doesn’t have much to offer us in terms of risk events so look more for a technical driven USDCAD.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 9th to 13th Oct 2017

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