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.
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