TC Economic Insight - The Week Ahead (October 7 - 11)

By

Kim Ming Lam

October 5, 2024

3

Min Read

TC Economic Insight - The Week Ahead (October 7 - 11)

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

We are looking into the trading week of October 7 - 11:

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:

Federal Reserve Chair Jerome Powell said in a speech that he sees two more interest-rate cuts, each 25 basis points, this year.

Last Friday’s U.S. official jobs report showed a still-resilient labor market. Non-farm payrolls increased by 254,000 in September, significantly exceeding an addition of 140,000 expected, with the jobless rate declining to 4.1%.

Next Thursday (October 10) will see the release of the closely-watched monthly U.S. official inflation report. According to Trading Central's "Economic Insight", the inflation rate may ease further to 2.3% year on year in September.

In the past 12 U.S. Inflation reports, within one hour from the event, EUR/USD fell in 67% of times (8 out of 12 events), marking a trading range of 58.98 pips on average.

Key Economic Data Forecasts:

(GMT+02:00 Central European Time) 

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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