Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of February 10 - 14:
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:
U.S. data showed that the jobless rate fell to 4.0% in January from 4.1% in December, and that average hourly earnings increased more than expected.
At the same time, the University of Michigan’s consumer sentiment index report said anticipated one-year inflation rate jumped to 4.3%, the highest level since November 2023.
Worrying about lingering inflation, investors are therefore concerned that the Federal Reserve will not cut interest rates in March. They will therefore watch closely Federal Reserve Chair Jerome Powell’s bi-annual 2-day testimony on the economic situation to U.S. Congress (Tuesday-Wednesday) to seek clues on the central bank’s next rate move.
In the past 4 testimonies to Congress by Powell, within one hour from the event, EUR/USD rose in 75% of times (3 out of 4 events), marking a trading range of 16.88 pips on average.
Meanwhile, the U.S. will also report major inflation data on Wednesday (February 12).
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
