Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of August 25-29:
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:
On Friday (August 22) the Dow Jones Industrial Average jumped nearly 2% to mark a record-high closing level after Federal Reserve Chair Jerome Powell signaled a rate-cut could come in September the soonest.
Viewing the change in Powell’s tune on rate direction on, we expect the Fed not to leave rates unchanged again on September 17. A 25-basis-point cut is highly likely.
Meanwhile, investors would still be interested in major U.S. inflation data.
The U.S. Core Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve’s preferred inflation gauge, will be reported on Friday (August 29).
According to Trading Central's "Economic Insight", U.S. Core PCE Price Index is expected to remain stable at 2.8% year-on-year in July.
In July, within one hour from the release of Core Personal Consumption Expenditure (PCE) Price data, EUR/USD moved in a range of 35.7 pips, ending 27.2 pips lower.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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