EURUSD had a strong bearish week. The next week might be very volatile since there are some high impact news events to take place. Let us have a look at those news events.
Tuesday-31st October- 14.00 GMT
- CB consumer confidence
It often sweeps away intraday stop losses by producing long spikes on the intraday charts.
Wednesday-1st November-12.15 GMT
- ADP Non-Farm employment change
Usually, it produces some excellent trading opportunities. Those opportunities can be found; once the market is settled.
Wednesday-1st November-14.00 GMT
- ISM manufacturing PMI
This is another news event, which produces volatility on the intraday charts.
Wednesday-1st November-14.30 GMT
- Crude oil inventories
It does not always create huge volatility, but it could make the pair be extremely volatile. EURUSD traders should be careful with their intraday floating positions before this news event.
Wednesday-1st November-18.00 GMT
- FOMC statement
- Federal funds rate
Surely, the EURUSD is going to be extremely volatile for these two news events. Needless to say that major time frame traders will use the volatility to take their entries.
Thursday-2nd November- 12.30 GMT
- Unemployment claims
Intraday traders should come out with their opened positions before this news event.
Friday-3rd November-12.30 GMT
- Average hourly earnings m/m
- Non-Farm employment change
- Unemployment change
No doubt, this would be an extremely volatile day for the EURUSD traders. Major time frame traders will be eagerly waiting to see which it goes since they might use these news event to take the best entry of the month.
Friday-3rd November-14.00 GMT
- ISM manufacturing PMI
Might not be that volatile, but intraday charts could end up having some long spikes for this news event.
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