Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of August 5 - 9:
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:
In the past week, we saw different interest-rate decisions by major central banks: the Bank of Japan hiked rates, the U.S. Federal Reserve kept rates unchanged (but hinted at a raise in September), and the Bank of England cut rates.
Australia’s central bank will be the next to decide on rates.
The Reserve Bank of Australia (RBA) will decide on interest rates on Tuesday (August 6). According to Trading Central's "Economic Insight", the central bank is likely to keep its key interest rate unchanged at 4.35%.
In the past 8 RBA Interest Rate Decisions, within one hour from the event, AUD/USD fell in 75% of times (6 out of 8 events), marking a trading range of 24.00 pips on average.
Happy Trading!
Source: Trading Central Economic Insight
