Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of March 17 - 21:
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:
No doubt the financial market’s focus next week should be the U.S. Federal Reserve’s interest-rate decision on Wednesday (March 19).
According to Trading Central's "Economic Insight", the Federal Reserve is expected to keep its key interest rate unchanged at 4.50%.
With market sentiment being dampened by the lingering U.S. tariff drama, U.S. stocks have suffered repeated sell-offs in recent weeks.
Both the Nasdaq 100 index and the S&P 500 index have entered a technical correction (having fallen over 10% from their recent high levels).
Investors are desperately in need of some peace of mind. And any indication by Fed Chair Jerome Powell that the central bank will lower rates soon would be helpful.
In the past 8 U.S. interest-rate decisions, within one hour from the event, EUR/USD rose in 50% of times (4 out of 8 events), marking a trading range of 49.79 pips on average.
Meanwhile, the Bank of Japan and the Bank of England will also decide on interest rates on Wednesday and Thursday respectively.
(GMT+01:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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