TC Economic Insight - The Week Ahead (October 21 - 25)

TC Economic Insight - The Week Ahead (October 21 - 25)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of October 21 - 25:

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 Bank of Canada (BoC) will decide on interest rates in its next policy meeting on Wednesday (October 23).

Last Tuesday, Canada's data showed that the inflation rate eased to 1.6% year on year in September (vs 2.0% in August), below the mid-point of the central bank’s 1%-3% target range.

According to Trading Central's "Economic Insight", the Bank of Canada will cut its key interest rate by 50 basis points to 3.75%.

In the past 8 BoC Interest-Rate Decisions, within one hour from the event, USD/CAD rose in 50% of times (4 out of 8 events), marking a trading range of 41.02 pips on average.

Key Economic Data Forecasts:

(GMT+02:00 Central European Time) 

Happy Trading!

Source: Trading Central Economic Insight

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