EURUSD finished the last week with a strong bullish tone. As we, all had predicted that the NFP release would give the pair a big shake; it actually did as far as the breakout is concerned. The price came out from a range by making a breakout with the help of the NFP release on Friday. Let us now have a look at the schedule of high impact news events that might create volatility on EURUSD next week.
Monday-5th June- 14.00 GMT
- ISM manufacturing PMI
A news event which could create volatility and produce long spikes to sweep off intraday traders’ stop losses.
Wednesday-7th June- 14.30 GMT
- Crude oil inventories
This news event could create huge volatility. Intraday traders should deal with this news event carefully.
Thursday- 8th June-11.45 GMT
- EURO- Minimum bid rate
This is one high impact news event for the EURO. Thus, this might create volatility on EURUSD. In fact, the volatility could get to an extreme level as well. EURUSD traders should have a proper planning to use the potential volatility from this news event to work in their favor.
Thursday- 8th June-12.30 GMT
- ECB press conference
- USD-Unemployment claims
ECB press conference is going to be held on EURO-Minimum bid rate. Thus, another news event that traders have to be careful with. Volatility could get to an extreme level during the press conference. At the same time, the USD will have to face an important news event “Unemployment claims”. This means EURUSD traders have to be very watchful on coming Thursday. One VERY Important event is on the 8th of June which is supposedly the British Snap Election. We do not know what will happen… best to avoid…
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