Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of August 26 - 30:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which major economies to focus on:
Finally, U.S. Federal Reserve Chair Jerome Powell said in his closely-watched speech at the Jackson Hole Economic Symposium on Friday: “The time has come for policy to adjust.”
A very clear signal for cutting interest rates.
He added: “The timing and pace of rate cuts will depend on incoming data.”
The next set of important economic data will be the Core Personal Consumption Expenditure (PCE) price inflation data - the Fed’s favorite inflation gauge - to be released on Friday (August 30).
According to Trading Central's "Economic Insight", the latest Core PCE Price Inflation Rate will remain at 2.6% year on year.
In the past 12 Core PCE Price Inflation Reports, within one hour from the event, EUR/USD rose in 50% of times (6 out of 12 events), marking a trading range of 24.56 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
