Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of October 28 - November 1:
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:
Last Wednesday, the Bank of Canada (BoC) cut its key interest rate by 50 basis points to 3.75%, and is expected to lower rates further going forward.
This week, it is the Bank of Japan’s (BoJ) turn to decide on interest rates. Considering slowing inflation in Japan and the prevailing trend of lowering interest rates among major central banks, we do not expect the BoJ will do anything on interest rates this time.
Remember the BoJ raised rates at the end of July, which led to a flash crash in stock markets around the world?
According to Trading Central's "Economic Insight", the Bank of Japan will keep its key interest rate unchanged at 0.25%.
In the past 8 BoJ Interest-Rate Decisions, within one hour from the event, USD/JPY rose in 50% of times (4 out of 8 events), marking a trading range of 57.20 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
