Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of May 26-30:
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 recent rally in U.S. stocks has been dampened by surging Treasury yields. Market sentiment turned sour after an auction of U.S. 20-year Treasury bonds showed weaker-than-expected bond demand.
Meanwhile, U.S. Treasury Secretary Scott Bessent kept saying he wants to see lower Treasury yields.
To have lower Treasury yields, we need to see slowing inflation.
Earlier in May, U.S. data showed that the inflation rate slowed to 2.3% year on year in April.
Another set of major inflation data will be released on Friday (May 30). According to Trading Central's "Economic Insight", the U.S. Core Personal Consumption Expenditure (PCE) Price Index is expected to be stable at 2.6% year on year in April.
In the last report of U.S. Core Personal Consumption Expenditure (PCE) Price Index reported in April, within one hour from the event, EUR/USD moved in a range of 19.5 pips during the 1 hour following the event, ending 3.5 pips lower.
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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