{"id":116481,"date":"2017-11-14T07:41:50","date_gmt":"2017-11-14T12:41:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=116481"},"modified":"2018-06-01T15:49:14","modified_gmt":"2018-06-01T15:49:14","slug":"eurusd-high-volatility-expected-due-to-a-busy-day-of-economic-events","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/eurusd-high-volatility-expected-due-to-a-busy-day-of-economic-events\/","title":{"rendered":"EURUSD: high volatility expected due to a busy day of economic events"},"content":{"rendered":"<div id=\"inves-2620678492\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 14, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Gabriel Ojimadu, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong>Previous:<\/strong><\/p>\n<p>On Monday the 13<sup>th<\/sup>\u00a0of November, trading on the euro\/dollar pair closed 11 pips up. The euro dropped during the first half of the day before going on to mount a recovery. The rebound from the low of 1.1637 was partially down to growth on the euro crosses. The biggest mover among these in terms of growth was the euro\/pound cross.<\/p>\n<p>The euro bulls took advantage of the pound\u2019s weakness, which came under pressure over developments in the UK. It was revealed that some members of the ruling Conservative Party were preparing a vote of no confidence in Prime Minister Theresa May. The euro, as a result, rose against the dollar to 1.1675 before stabilising around the 1.1665 mark.<\/p>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>10:00 Germany: harmonised index of consumer prices (Oct), GDP (Q3).<\/li>\n<li>11:15 Switzerland: producer and import prices (Oct).<\/li>\n<li>12:00 Eurozone: ECB&#8217;s Lautenschl\u00e4ger Speech.<\/li>\n<li>12:30 UK: CPI (Oct), retail price index (Oct), PPI input (Oct), PPI output (Oct).<\/li>\n<li>13:00 Eurozone: GDP (Q3), industrial production (Sep), ZEW survey \u2013 economic sentiment (Nov).<\/li>\n<li>13:00 Germany: ZEW survey \u2013 economic sentiment (Nov).<\/li>\n<li>13:00 Japan: BoJ governor Kuroda speech.<\/li>\n<li>16:15 USA: FOMC member\u00a0 Bullard\u2019s speech.<\/li>\n<li>16:30 USA: PPI (Oct).<\/li>\n<li>16:30 Eurozone: ECB&#8217;s C\u0153ur\u00e9 Speech.<\/li>\n<li>20:30 UK: MPC member Cunliffe speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/alpari.com\/data\/media\/trunk\/images\/Analytics\/2017\/11\/eur_141117.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD rate on the hourly. Source: TradingView<\/p>\n<p>The LB balance line along with the rising crosses held sellers up at 1.1640. By the end of the day, buyers had recovered their losses and ended the day slightly up. With an empty economic calendar, growth was limited. The price stalled as it reached the upper boundary of the A-A channel and entered a correctional phase.<\/p><div id=\"inves-2082961596\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Given the number of economic events scheduled for today, I\u2019m not going to make a forecast as volatility is expected to be high. The most awaited of these events among traders are the preliminary GDP figures from the Eurozone and Germany and well as speeches from the heads of central banks at a conference organised by the ECB in Frankfurt. Among the key speakers are Mario Draghi, Janet Yellen, Haruhiko Kuroda, and Mark Carney.<\/p>\n<p>Yesterday, I gave you a technical view of the euro. According to the pricing model, it\u2019s set to undergo a sharp increase, meaning that it should rise against the dollar to exit the A-A channel. Hourly indicators on the euro index contradict this picture. Today\u2019s news should resolve this conflict.<\/p>\n<p>I\u2019ve decided not to make a forecast given that news items can render any kind of technical signal irrelevant. Moreover, there is a lot of news expected today. To those who have stayed in the market, I wish the best of luck in weathering today\u2019s major developments. To anyone who isn\u2019t currently in the market, I advise remaining on the sidelines for today.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: high volatility expected due to a busy day of economic events<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: On Monday the 13th\u00a0of November, trading on the euro\/dollar pair closed 11 pips up. The euro dropped during the first half of the day before going on to mount a recovery. The rebound from the low of 1.1637 was partially down to growth on the euro crosses. The biggest mover [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-116481","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=116481"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116481\/revisions"}],"predecessor-version":[{"id":116482,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116481\/revisions\/116482"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}