With an abnormal number of news events coming from the Europe, United States and New Zealand today, forex traders have been in frenzy to place their bets before the trading day gets underway. Trading during these news events, which typically carry a lot of market volatility, is a fast way to double your forex trading balance; the wise trader knows this. Special attention should be paid to the ADP Non-Farm Employment Change report at 13:15 GMT, the Crude Oil Inventories at 15:30 GMT. Will you take advantage of the impending volatility, or sit on the sidelines and miss out? Here are a few of today's leading events: 13:15 U.S. None-Farm Employment Change This is monthly report that measures the change in the number of employed people during the previous month, excluding the US farming industry and government. This indicator typically creates a volatile trading environment, affecting not only the USD crosses but also the value of crude oil and gold. Disappointing results could send the EUR/USD pair above the 1.4000 resistance level. 14:30 GMT: US Crude Oil Inventories Crude oil's rising price has been a headline feature of the market in recent weeks. This release may reign over the market as the price of oil has gained relevance to today's trading. A growing level of inventories may signal a lack of demand and push prices lower, while a negative release may highlight a lack in supplies, increased industrial usage, and an overall demand for more oil, which may help oil prices climb back towards $92 a barrel in the short-term.

Source