TC Economic Insight - The Week Ahead (July 8 - 12)


Kim Ming Lam


July 7, 2024



Min Read

TC Economic Insight - The Week Ahead (July 8 - 12)

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

We are looking into the trading week of July 8 - 12:

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:

Recent U.S. data showed that the core personal consumption expenditures (PCE) price inflation rate, the Federal Reserve’s favorite inflation gauge, slowed to 2.6% year on year in May.

Also, various data have pointed to a softening labor market.

As a result, expectations for interest rate cuts as early as September have been boosted.

Another set of major U.S. inflation data will be released on Thursday (July 11). According to Trading Central's "Economic Insight", the inflation rate may slow further to 3.1% year on year in June.

In the past 12 U.S. Inflation reports, within one hour from the event, EUR/USD fell in 58% of times (7 out of 12 reports), and marked a trading range of 60.88 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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