Weekly Forex News Events for EURUSD – 22nd to 26th May 2017
EURUSD finished the last week with a bullish tone. In fact, last week’s candle is a Bullish Engulfing candle, which has a lot to offer for the buyers in coming weeks. Let us now have a look at next week’s news events that might create volatility on EURUSD.
Monday- 22nd May 2017- All day
- Euro group meeting
All day meeting is going to take place. Thus, sudden movements could take place at any time of the trading day. EURUSD traders should be careful with their intra-day position for this high impact event.
Tuesday- 23rd May 2017- 08.00 GMT
- German IFO business climate
Wednesday -24th May 2017- 12.45 GMT
- ECB president Draghi speaks
The pair could get extremely volatile before, after or during Draghi’s speech. Traders are advised to deal these hours with extra caution.
Wednesday -24th May 2017- 14.30 GMT
- Crude oil inventories
Wednesday -24th May 2017- 18.00GMT
- FOMC meeting minutes
This is the newshour, which has to be dealt with extra care by the EURUSD traders next week. The pair might get extremely volatile during or just after this news hour.
Thursday-25th May 2017- 12.30 GMT
- Unemployment Claims
As usual, this high impact news event could produce huge volatility, which creates many trading opportunities as well.
Friday- 26th May 2017- 12.30 GMT
- Core Durable Goods orders m/m
- Prelim GDP q/q
Two high impact news events to finish off the week, so EURUSD traders had better be watchful with these two news events.
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