Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of September 16 - 20:
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 biggest focus of the financial market is the U.S. Federal Reserve’s interest-rate decision next week (Wednesday, September 18).
According to Trading Central's "Economic Insight", the Fed will cut its key interest rate by 25 basis points to a range of 5.00%-5.25%.
In fact, with the U.S. inflation rate slowing towards the Fed’s 2% target and some signs of an economic slowdown, the central bank is widely expected to lower rates by 25 basis points at each of its three remaining policy meetings (September, November and December).
In the past 8 Fed interest-rate decisions, within one hour from the event, EUR/USD rose in 63% of times (5 out of 8 events), marking a trading range of 47.06 pips on average.
Meanwhile, the Bank of England and the Bank of Japan will also decide on interest rates on Thursday and Friday respectively.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
