Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the week of May 8 - 12:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We are focusing on major economies worldwide, e.g. the U.S., Canada, China, Australia, the Eurozone:
The U.S. Federal Reserve has just raised its key interest rate by 25 basis points, while hinting it could pause further rate-hikes going forward.
Investors are therefore focusing on whether inflation cooling further could help to stop the rate-hike cycle.
According to Trading Central's "Economic Insight", U.S. Inflation Rate, to be reported on Wednesday (May 10), is expected to cool further to 4.9% on year in April.
Trading Central's “Economic Insight” also shows that, in the past 12 U.S. Inflation Rate reports, EUR/USD rose in 58% of times (7 out of 12 Inflation reports) within one hour from the report’s release, marking a trading range of 98.42 pips on average.
Other key economic data include:
Monday (May 8)
Australia's National Australia Bank (NAB) Business Confidence Index may rise to 1 in April.
Tuesday (May 9)
Australia's Westpac Consumer Confidence Index is expected to drop to 82.1 in May.
China's Exports could increase 11.0% on year in April.
U.S. NFIB Business Optimism Index could be little changed at 90.0 in April.
Wednesday (May 10)
U.S. Inflation Rate is expected to slow further to 4.9% on year in April.
U.S. Core Inflation Rate could be stable at 5.6% on year in April.
Canada’s Building Permits are expected to rise 1.4% on month in March.
Thursday (May 11)
China's Inflation Rate is expected to accelerate to 0.9% on year in April.
China’s Producer Prices may drop 2.1% on year in April.
U.K.’s Bank of England will decide on Interest Rates (Last 4.25%).
U.S. Producer Price growth may cool to 2.4% on year in April.
U.S. Initial Jobless Claims will be reported.
Friday (May 12)
U.K. GDP growth is expected to speed up to 0.1% on month in March.
U.S. University of Michigan Consumer Sentiment Index is expected to tick down to 63.0 in May.
Happy Trading!
Source: Trading Central Economic Insight
