Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of July 29 - Aug 2:
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:
The U.S. Federal Reserve will decide on interest rates on Wednesday (July 31). According to Trading Central's "Economic Insight", the central bank is likely to keep its key interest rate unchanged at 5.50%.
Meanwhile, the CME FedWatch Tool shows that the probability of the Fed starting to cut interest rates in September has increased to over 90%.
In the past 8 U.S. Fed Interest Rate Decisions, within one hour from the event, EUR/USD rose in 63% of times (5 out of 8 events), marking a trading range of 49.34 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
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