EURUSD had a bearish week. However, the pair took bullish move on the H1, H4 charts to finish off the week. It would be better for the traders if the price makes a breakout of the last week’s range in the next week. There are not many high impact news events to take place this coming week. Let us have a look at the schedule of the high impact news events that might create volatility on the EURUSD next week.
Tuesday- 16th March-18.30 GMT
- Building permits
Intra-day trades often get hit by the spikes that are produced by this news event.
Wednesday-17th March-18.30 GMT
- Crude oil Inventories
An important news event, which should be dealt with care by the Intra-day traders.
Thursday-18th March-18.30 GMT
- Unemployment Claims
This week’s forecast is 240 K. On 11.05.2017, the actual claim was 236 K; on 04.05.2017, the actual claim was 238 K. On both occasions, actual claim were less than the forecast. On the other hand, on 27.04.2017, the actual claim was 257 K, which was more than the forecast. On 20.04.2017, the actual claim was 244 K, which was almost equivalent to the forecast. Overall, in the last four weeks, “Unemployment Claims” data has been doing well for the USD. By looking at this week’s forecast number, we assume it would do well for the USD next week as well. Let us wait and see what comes out. However, one thing for sure as an intra-day trader, you would not want to trade just before this news event next week.
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