Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of July 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:
The market’s focus in the coming week should be the July 9 (Wednesday) expiry of a temporary suspension of U.S. tariffs on imports.
Markets should do well if the Wednesday deadline passes without seeing trade tensions escalate.
Meanwhile, on Tuesday (July 8), the Reserve Bank of Australia (RBA) will decide on interest rates.
In May, Australia’s central bank lowered its key rate by 25 basis points to 3.85%, saying that it stands ready to reduce rates again if the economic outlook deteriorates sharply.
According to Trading Central's "Economic Insight", the RBA would cut its key rate by a further 25 basis points to 3.60% on Tuesday.
Last month, within one hour from the RBA’s interest-rate decision, AUD/USD moved in a range of 15.7 pips during the 1 hour following the event, ending 6.4 pips higher.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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