Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of January 13-17:
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:
Minutes of the U.S. Federal Reserve’s last (December) policy-meeting showed that policy makers were concerned about upside risks to the inflation outlook.
The minutes mentioned: “As reasons for this judgment, participants cited recent stronger-than-expected readings on inflation and the likely effects of potential changes in trade and immigration policy.”
As a result, the market is now expecting the central bank to move more slowly on interest rate cuts because of the uncertainty.
Before the Fed decides on interest rates again on January 29, major U.S. inflation data will be released on Wednesday (January 15).
According to Trading Central's "Economic Insight", the U.S. inflation rate may have accelerated to 2.9% year on year in December from 2.7% in November.
In the past 12 U.S. Non-farm Payroll Reports, within one hour from the event, EUR/USD fell in 75% of times (9 out of 12 events), marking a trading range of 64.48 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
