Next week we will have multiple important economic announcements from both Europe and US such as CPI from Europe and Interest Rate Decisions from FOMC and ECB.
As we are traveling this weekend, hence, we release this update earlier, and sorry that we are not able to do a full EURUSD analysis this round. However, we will provide our recommendation here.
For next week, the following are the key economic announcements for next week.
- 1 May – Labor Day for most the Europe countries
- 2 May – Europe CPI
- 4 May – FOMC Interest Rate Decision and ECB Interest Rate Decision
- 5 May – US nonfarm payroll
Recommendation
With this outlook, and to be on the safe side, we strongly recommend all Ophiuchus and Limitless EA users to schedule to stop trading for the Interest Rate announcement starting from 2 May till 6 May. You can use the stop trading period feature in the EA to do that. You can also decide to start the stop trading for a longer period to wait for the dust settles. (eg, stop trading from 1 May (since Monday liquidity will likely be low) and only start trading on the week after next) if you would like.
Disclaimer – Please note that Limitless Trading is not liable for our recommendation and is not responsible for any loss or profit caused by this recommendation. This is general advice without considering your personal circumstances. You should assess your personal circumstances and perform your own research to make decisions for your trading.
