Weekly Forex News Events for EURUSD - 17th to 21st April 2017

Weekly Forex News Events for EURUSD – 17th to 21st April 2017

Weekly Forex News Events for EURUSD – 17th to 21st April 2017

EURUSD’s last week’s candle is an “Inverted hammer”. An “Inverted hammer” on a downtrend is considered as a reversal signal. We will wait to see what happens technically during the week. Meanwhile, let us have a look at the schedule of high impact news events in the next week.

Tuesday – 18th April 2017- 12.30 GMT

  • Building permits

A news event, which has to be taken care by EURUSD Intraday traders. The pair has the tendency to produce long spike around this news event. Then, continue its journey towards the trend. Thus, Intraday traders might as well not take any entry just before this news event, but wait until this news event gets over to take their entries on EURUSD.

Wednesday-19th April- 14.30 GMT

  • Crude oil Inventories

This news event produces long spike as well. However, this one sometimes establishes a trend as well. Thus, Intraday traders might as well consider this news event as an opportunity. Nevertheless, they should be careful with their already opened Intraday position just before this news event.

Thursday-20th April- 12.30 GMT

  • Philly Fed manufacturing index
  • Unemployment claims

Two big news events that are scheduled to take place at the same time. The pair is going to get volatile around these two news events. This week’s forecast for Unemployment claims is 241K. Last two weeks’ claims were 234 K.

Friday-20th April-17.15 GMT

  • Treasury Sec Mnuchin speaks

The pair might get volatile around this news event as well. Traders had better be careful with their opened positions.

Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments
Do NOT follow this link or you will be banned from the site!

The Powerful AllPips Trend Indicator | 100% Free Download