Sforex

EURUSD NEXT WEEK: THE VOLATILITY COMES BACK ( PART 2)

FX:EURUSD   Euro / U.S. Dollar
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In my opinion, that bias is very hard to change easily; I worry that E/U still ignores US data although there are abundant of important data. I check what happen next week:
US economy
+ Tuesday: Consumer Confidence
+Wednesday
- ADP Employment Change
- GDP report
- Personal Consumption Expenditures report
- FED interest rate decision
+ Thursday
- FED’s Yellen Speech
- Personal Income+Spending
- Markit Manufacturing PMI
- Construction Spending
+ Friday
- NFP report
- Unemployment rate
EZ economic data:
+ Tuesday
- Economic Sentiment Indicator
- Business Climate
- consumer Confident
- Industry Confident
- Germany CPI
+ Wednesday
- Germany Retail Sales
- Germany Unemployment Change
- Germany Unemployment rate
- EZ CPI
+ Friday
- Markit Manufacturing PMI
- EZ Unemployment rate
Now I begin to discuss farther, go in the detail of each data.
Actually, how to pricing next week is a great challenge; there are too much important data from both US and EZ; it is really a crazy week.
Regarding to EZ economic data, I have a firm belief that EZ economic data will be very positive. However, in a week which US data dominate, traders would be very cautious if they want to lift up Euro; I think they will wait US data.

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