EURUSD had a bullish week. The last Friday’s news on the USD made the pair move towards the North. At the end, the pair ended the week with a bullish tone. Next week there are not too many high impact news events. Thus, the pair would run more technically than fundamentally. However, these are the news events below that we need to keep our eyes on if we are to trade on EURUSD.
Wednesday-19th July 2017- 12.30 GMT
- Building permits
This is the first high impact news event, which might make the pair volatile in the next week. It often produces long spikes on the intraday charts.
Wednesday-19th July 2017- 14.30 GMT
- Crude oil inventories
This high impact news event has the potential to make the pair very volatile as well. It does not always end up producing extreme volatility, but EURUSD traders should be careful with this news event. Without any doubt, intraday charts will surely be volatile for this news event.
Thursday-20th July 2017-12.30 GMT
- ECB press conference
This is one high impact news event for EURUSD traders. The pair normally gets volatile during “ECB press conference” even on the bigger time frames. Thus, it produces excellent trading opportunities as well if the traders know how to deal with it accordingly.
- Unemployment claims
This is another big news event, which has been scheduled at the same time with ECB press conference. Thus, the traders should be very patient at this time and manage their trade with caution.
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