Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of April 14-18:
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:
On Wednesday (April 9), U.S. President Donald Trump announced that he would drop tariff rates on imports from most U.S. trading partners to 10% for 90 days to allow trade negotiations with those countries.
However, Trump's stunning tariff reversal did not apply to China, which had retaliated earlier by hiking tariffs on U.S. goods to 84%. He instead raised tariffs for China to 125%, effective immediately.
Investors should be concerned about how such an escalating U.S.-China trade conflict would impact China and related stock markets. Indicators on China’s economic health are closely watched.
On Wednesday (April 16), China will report economic growth. According to Trading Central's "Economic Insight", China’s gross domestic product (GDP) growth rate is expected to slow to 4.7% year on year in the first quarter.
In the past 4 China GDP Reports, within one hour from the event, USD/CNH rose in 50% of times (2 out of 4 events), marking a trading range of 72.50 pips on average.
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
