Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of February 3 - 7:
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:
Though U.S. President Donald Trump demanded that interest rates drop immediately, the Federal Reserve kept interest rates unchanged at the target range of 4.25% - 4.50% after cutting rates three consecutive times.
Federal Reserve Chair Jerome Powell reiterated that the central bank is in no hurry to lower rates again, particularly as the economy remains strong.
Incoming economic data about the labor market’s strength will play an important role in the Fed’s next decision on maintaining or cutting interest rates.
According to Trading Central's "Economic Insight", the next U.S. Official Jobs Report, to be released on Friday (February 7), will show that the economy added 205,000 Non-Farm Payrolls in January with the Jobless Rate remaining stable at 4.1%.
In the past 12 U.S. Official Jobs Reports, within one hour from the event, EUR/USD fell in 67% of times (8 out of 12 events), marking a trading range of 69.37 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
