Using Trading Central's "Economic Insight", investors can identify opportunities by targeting economic data and events that have high volatility impact.
The U.S. dollar regained some strength as the market pulled back expectations on the Federal Reserve's rate-cut. Let's see what we have found regarding potential high volatility impact data for the upcoming week (May 27 - 31).
In our Economic Insight, users can customize settings by selecting date, importance and countries on the left menu:
We are looking at Canada's GDP due on Friday May 31 and users can click on those little icons to find out more information related to the data:
In the impact session, you can find out last time, USD/CAD moved in a range of 62 pips during the hour after the data release:
The volatility session showed that the average pips range for the past 12 releases is about 37 pips:
We hope the information will help you to better position your trade. Below are the other key data for the upcoming week:
Source: Trading Central Economic Insight
