EURUSD produced a bullish weekly candle last week. The pair had an early strong bullish momentum at the beginning of the week. However, it did not go that far towards the north. The next week there will be only few high impact news events for EURUSD. Let us now have a look at those news events’ schedule.
Monday-27th March-10.00 GMT
- German IFO business climate
This data is directly related to the EUR. Thus, it will have some impact on EURUSD. Intra-day traders might as well keep an eye on this news event to find out their trading opportunity on Monday.
Tuesday-28th March-14.00 GMT
- CB consumer confidence
This news event is going to be another news event to find out trading opportunity for intraday traders. Traders might as well be careful not to take an intra-day entry just before this news event though.
Wednesday-29th March-14.30 GMT
- Crude oil inventories
This news event does not always create that much volatility, but it might create huge unexpected volatility from time to time.
Thursday-30th March-12.30 GMT
- Final GDP q/q
- Unemployment claims
Two high impact news events are about to take place at the same time. Thus, the next Thursday might be the day, which should be avoided (at least during announcement) EURUSD traders. Among two of them, Unemployment claims data could create extreme volatility. Last 3 weeks data have not been good for the USD. Let us wait what outcome comes this week. Traders must remember that whatever the outcome is they should be careful with their running entries before these two news events.
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