Weekly Forex News Events for EURUSD – 4th to 8th Sept 2017
EURUSD had an eventful last week. The pair ended the week with bearish bias. However, the overall trend is still with the bull. There are not too many high impact news events next week. Let us have a look at those high impact news events that might create volatility next week…
Wednesday- 6th September 2017- GMT 14.00
- ISM manufacturing PMI
A news event, which should be dealt carefully by the intraday traders. It does create some excellent trading opportunities as well for the intraday traders.
Thursday-7th September 2017- GMT 12.30
- Unemployment Claims
This news event would create most volatility next week. Thus, traders will be eying on this news event to find out trading opportunities. If we consider the data of “Unemployment claims” for the last 3 weeks, then we would have to agree that the data has been doing well. On 17 August, the claim was 232 K and the forecast was 240 K; on 24 August, the claim was 234 K and the forecast was 237 K; on 31 August, the claim was 236 K and the forecast was 237 K.
It can be assumed that the data for the next week would be a good one for the USD. If it really is, then the pair might make some good bearish moves with the help of strong US “Unemployment data”.
Thursday-7th September 2017- GMT 15.00
- Crude oil inventories
This news event does not always create volatility, but traders should deal with this very carefully since it could make the pair very volatile.
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