With Trading Central's "Economic Insight", investors can identify opportunities by targeting economic data and events that have high volatility impact.
The U.S. equity market rebounded further this week, as stronger-than-expected U.S. retail sales and jobless claims suggested that a recession is not imminent.
In the upcoming week, the Federal Reserve will release its latest FOMC meeting minutes, however Economic Insight showed that it is Canada's inflation data that may bring more volatility to the forex market.
In our Economic Insight, users can customize settings by selecting date, importance and countries on the left menu:
We are looking at Canada's core inflation rate due on Tuesday August 20 and users can click on those little icons to find out more information related to the data:
The Volatility session showed that the average pips range for the past 12 releases is about 41 pips for USD/CAD:
In the Impact session, you can see that last time USD/CAD moved in a range of 36 pips during the hour after the data release:
Below are the other key data for the upcoming week:
Source: Trading Central Economic Insight
