TC Economic Insight - The Week Ahead (Sep 30 - Oct 4)

By

Kim Ming Lam

September 28, 2024

3

Min Read

TC Economic Insight - The Week Ahead (Sep 30 - Oct 4)

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

We are looking into the trading week of September 30 - October 4:

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 U.S. Federal Reserve announced an outsized 50-basis-point interest-rate cut in September amid a weakening labor market.

The central bank is highly likely to cut rates further in November, and the cut’s extent should be determined by the labor-market condition.

Next Friday (October 4) will see the release of the closely-watched monthly U.S. official labor report. According to Trading Central's "Economic Insight", the growth of Non-Farm Payrolls may slow to 130,000 in September with the jobless rate rising to 4.3%.

In the past 12 U.S. Non-Farm Payrolls reports, within one hour from the event, EUR/USD rose in 50% of times (6 out of 12 events), marking a trading range of 57.29 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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