Weekly Forex News Events for EURUSD - 2nd to 6th Jan 2017

Weekly Forex News Events for EURUSD – 2nd to 6th Jan 2017

Weekly Forex News Events for EURUSD – 2nd to 6th Jan 2017

EURUSD was extremely bearish last year, especially in the last quarter of the year 2016. US election, Fed rate were some of the events that made the pair move with extreme volatility. December closing was important for the pair. According to our calculation, the way that the pair was closed, it seems the pair might go further up to make corrections and then it would come down towards the parity. Let us now have a look at some of the important news events that would make the pair move next week.

  • Tuesday-           ISM Manufacturing PMI                       -3 PM GMT
  • Wednesday-     FOMC meeting minute                          -7 PM GMT
  • Thursday-         ADP Non-Farm employment change -1.15 PM GMT
  • Thursday-         Unemployment claims                          -1.30 PM GMT
  • Thursday-         Crude oil inventories                             – 1.30PM GMT
  • Friday-               Non-Farm employment change         –  1.30 PM GMT
  • Friday –             Unemployment Rate                              –  1.30 PM GMT

As we can see, there are number of news events that normally make the pair EURUSD move with huge volatility. Among them, Wednesday’s FOMC meeting minute is going to play an important role. It is the first meeting minute of FOMC in the year of 2017. Thus, traders please pay attention to this news event.

Thursday’s ADP Non-Farm employment change and Unemployment change are going to play important role on this pair as well. However, the impact might not be as big as it normally is. Friday’s Non-Farm employment change along with unemployment rate is surely going to play a huge role on this pair. The forecast for this week’s Unemployment Change is 175 K. Recent highest unemployment change was 255 K, Aug5, 2016. Recent lowest was 151 K, Sep 2, 2016. This makes the forecast number be very interesting number to watch out for.

Schedules of all these news events, forecast numbers, and the first week of the year of 2017 are some of the things that traders must remember before taking any entry on EURUSD next week.

 


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