Using Trading Central's "Economic Insight", investors can identify opportunities by targeting economic data and events that have high volatility impact.
With U.S. nonfarm payrolls, the European and Canadian central banks' interest rate decisions lining up next week, let's find out how Economic Insight can be used to prepare for trading.
In our Economic Insight, users can customize settings by selecting date, importance and countries on the left menu:
We are looking at U.S. nonfarm payrolls due on Friday June 7 and users can click on those little icons to find out more information related to the data:
In the Impact session, you can see last time, EUR/USD moved in a range of 58 pips during the hour after the data release:
The Volatility session showed that the average pips range for the past 12 releases is about 54 pips:
Users may also check the "Impact" and "Volatility" of the European Central Bank and Bank of Canada's rate decision events in the same way. We hope the information provided will help you to better position your trade. Below are the other key data for the upcoming week:
Source: Trading Central Economic Insight
