TC Economic Insight - The Week Ahead (Dec 30

TC Economic Insight - The Week Ahead (Dec 30 - Jan 3)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of December 30 - January 3:

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We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

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We can select which major economies to focus on:

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The first important economic data set should be the U.S. Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index to be released on Friday (January 3).

The ISM Manufacturing PMI has been indicating a contraction (a reading below 50) in the U.S. manufacturing sector since April 2024.

According to Trading Central's "Economic Insight", the ISM Manufacturing PMI is expected at 48.5 in December.

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In the past 12 ISM Manufacturing PMI Reports, within one hour from the event, EUR/USD fell in 67% of times (8 out of 12 events), marking a trading range of 38.90 pips on average.

Meanwhile, most major markets, including the U.S. market, will be closed on Wednesday (January 1) for the New Year's Day holiday.

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Key Economic Data Forecasts:

(GMT+02:00 Central European Time)

Happy Trading!

Source: Trading Central Economic Insight

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The investment ideas presented here are for information only. They do not constitute advice or a recommendation by Trading Central in respect of the investment in financial instruments. Investors should conduct further research before investing.