Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of December 15-19:
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 coming week will give investors a busy schedule as central banks of Japan, the U.K. and the European Union will decide on interest rates, and the U.S. will release inflation and jobs data.
The Bank of Japan (BOJ) will announce its interest-rate decision on Friday (December 19). According to the forecast of Trading Central's "Economic Insight", the central bank is widely expected to raise its key interest rate by 25 basis points to 0.75%, the highest level in about 30 years.
In fact, the Japanese yen has weakened to 158 against the U.S. dollar, and we do not expect the currency to react to the BOJ’s rate decision, which is largely priced in, in a volatile way.
Meanwhile, the benchmark 10-year Japanese government bond yield has just hit 18-year highs.
BOJ Governor Kazuo Ueda said the central bank will ramp up government bond buying if long-term interest rates rise sharply.
In October, within one hour after the BOJ left its key interest rate unchanged at 0.50%, USD/JPY moved in a range of 93.9 pips, ending 62.4 pips higher.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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