TC Economic Insight - The Week Ahead (August 26 - 30)

By

Kim Ming Lam

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August 24, 2024

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3

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TC Economic Insight - The Week Ahead (August 26 - 30)

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

We are looking into the trading week of August 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:

Finally, U.S. Federal Reserve Chair Jerome Powell said in his closely-watched speech at the Jackson Hole Economic Symposium on Friday: “The time has come for policy to adjust.”

 

A very clear signal for cutting interest rates.

He added: “The timing and pace of rate cuts will depend on incoming data.”

The next set of important economic data will be the Core Personal Consumption Expenditure (PCE) price inflation data - the Fed’s favorite inflation gauge - to be released on Friday (August 30).

According to Trading Central's "Economic Insight", the latest Core PCE Price Inflation Rate will remain at 2.6% year on year.

In the past 12 Core PCE Price Inflation Reports, within one hour from the event, EUR/USD rose in 50% of times (6 out of 12 events), marking a trading range of 24.56 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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