TC Economic Insight - The Week Ahead (July 1 - 5)

By

Kim Ming Lam

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June 30, 2024

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3

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TC Economic Insight - The Week Ahead (July 1 - 5)

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

We are looking into the trading week of July 1 - 5:

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:

Amid a persistent interest-rate differential between the U.S. (5.50%) and Japan (0.10%), the Japanese yen has just chalked a 38-year low against the U.S. dollar, with the USD/JPY advancing to levels above the level of 161.00.

Forex traders are watching closely if the Bank of Japan (BOJ) could raise interest rates further based on a stronger economy. The quarterly BOJ Tankan Indexes are good economic indicators. 

According to Trading Central's "Economic Insight", the BOJ Tankan Large Manufacturers Index, to be reported on Wednesday (July 3), may ease to 10 in the second quarter.

In the past 4 releases of Bank of Japan Tankan Large Manufacturers Index, within one hour from the event, USD/JPY rose in 75% of times (3 out of 4 releases), and marked a trading range of 20.68 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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