Weekly Forex News Events for EURUSD – 23rd to 27th Jan 2017
The last week was a bullish week for EURUSD. Traders had to face news events that could have made the pair volatile. However, the pair did not get as volatile as it could have gotten. EURUSD traders have to encounter some high impact news events in the week ahead as well. Let us have a look what they are.
Monday- 23rd January- 23.30 GMT
- ECB president Draghi speaks
An important news event, which has to be dealt accordingly by EUROUSD traders. ECB president Draghi’s speech can make this pair be extremely volatile. Schedule of the speech is unusual though. However, it is better to be safe than sorry.
Wednesday-25th January- 15.30 GMT
- Crude oil Inventories
This is a high impact data release event. It has a tendency to produce huge spike as far as intra-day charts are concerned.
Thursday- 26th January- 13.30 GMT
- Unemployment claims
This is the news event, which should be taken extra care by EURUSD traders in the week ahead. “Unemployment claims” data has been doing well for the USD. The forecast is 247 K for the next week. Last three weeks average claim is 238 K. It gives us a hint that the original claim might be less than the forecast. If it really is, then the USD is going to get some fuel to show its strength. Obviously, it could go another way as well. This means EURUSD pair will get volatile at the time of this news event next week.
Friday-27th January- 13.30 GMT
- Advance GDP q/q
- Core durable Goods orders m/m
These two data release events could make the pair be volatile as well. In fact, to finish a week off with these two high impact news events, traders of the EURUSD pair should be very careful with their intra-day position.
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