Present Continuous Verb Tense Used As A Future Tense

Present Continuous Verb Tense is used to state future events or actions when it is clearly stated or understood that the action or event is in the future.

Pre-arranged Plans -to describe planes that have be arranged before the time of speaking.

We are traveling to Europe in a few weeks.
The girls taking the S.A.T. next week.

Informal Actions or Events - is used an informal actions or events

We are planning to watch T. V. tonight.
The girls are singing on Friday night at the local club.

Personal Information - is used to for personal information

I am finishing my doctorate degree next year.
We are moving to a new house next week.

Important -

it is not used for official purposes
the subject of the sentence must be a person, not a thing
the present continuous tense can't be used to predict a future event or action, based on a present event or action.
static verbs are not used