Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of July 28 - August 1:
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:
Investors’ focus in the coming week should be the U.S. Federal Reserve’s interest-rate decision on Wednesday (July 30).
U.S. President Donald Trump has been exerting pressure on Fed Chair Jerome Powell to cut interest rates.
According to Trump, the Fed should sharply lower interest rates by as much as 3 percentage points to spur economic growth. He added: “Families are being hurt because Interest Rates are too high.”
However, considering strength in the labor market and the not-so-weak inflation rate, we do not think Powell will yield to Trump’s demand.
According to Trading Central's "Economic Insight", the Fed is expected to key its key interest rate unchanged at 4.50%.
In June, within one hour from the Fed’s interest-rate decision, EUR/USD moved in a range of 40.0 pips during the 1 hour following the event, ending 19.9 pips lower.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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