Weekly Forex News Events for EURUSD – 27th Nov to 1st Dec 2017
EURUSD finished the week with a strong Bullish tone by producing a strong Bullish weekly candle. The price kept making higher high last week. It seems that, the buyers have taken the control over the sellers with huge command on the pair. Some high impact news events that might create strong volatility on EURUSD are to take place in the next week. Let us have a look at those.
Tuesday-28th November 2017- GMT 16.00
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It might create strong volatility on the intraday charts and create some good trading opportunities for the intraday EUROUSD traders.
Wednesday-29th November- GMT 14.30
Prelim GDP q/q
This news event often ends up producing long spikes on the intraday chart. Thus, intraday traders should be careful with their floating positions before this news event.
Wednesday-29th November- GMT 16.30
Crude oil inventories
It has the potential to be a very volatile news event. It does not always shake the market to its potential though, but it is better to keep an eye on this news event.
Thursday- 30th November- GMT 14.30
This is the news event, which might create the most volatility next week. The major time frame and intraday EUROUSD traders will be eagerly waiting for this news event to find some good trading opportunities.
Friday-1st December-2017- GMT 16.00
ISM Manufacturing PMI
This is the last high impact news event for the week. Thus, it might create extra volatility. With this news event, some trading opportunities could come as well on the intraday minor time frames.
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