Weekly Forex News Events for EURUSD - 6th Feb to 10th Mar 2017

Weekly Forex News Events for EURUSD – 6th Feb to 10th Mar 2017

Weekly Forex News Events for EURUSD – 6th Feb to 10th Mar 2017

EURUSD had a bullish week. A number of news events to take place in the next week that might create volatility on the pair. Let us have a look at those news events.

Wednesday- 8th March-15.30 GMT

  • Crude oil Inventories

This news event usually produces spikes. Intra-day traders should be careful with their entries before this news event.

Thursday-9th March-12.45 GMT

  • Minimum bid rate (EURO)

This is going to be one huge news event for EUROUSD. Intra-day traders must be careful about this one. Big time frame traders are going to wait for the opportunity to take entry after this news event. I assume we are going to see huge volatility around this news event.

Thursday-9th March-13.30 GMT

  • ECB press conference (EURO)
  • Unemployment claims (USD)

Both of these events are high impact news events. They are going to take place at the same time as well. ECB press conference drives the pair towards the direction that it takes from the “Minimum bid rate” news event. However, we must not be certain on this. Unemployment Claims usually creates volatility on the pairs that are related to the USD. However, next week it might not have that much of impact on EURUSD since the pair has to face higher impact news events such as “ Minimum bid rate” and “ECB press conference”.

Friday-10th March-13.30 GMT

  • Average hourly earnings (m/m)
  • Nonfarm employment change

Both of these news events are going to take place at the same time. Between two of them, Nonfarm employment change is more important. Big time frame traders look for their opportunities to take entries after this news event. Thus, the pair might get huge volatility on the last day of the coming week.


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