Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of June 16-20:
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 U.S. Federal Reserve’s decision on interest rates on Wednesday (June 18) should be the market’s focus of the week.
The Fed has been holding interest rates unchanged since cutting them by 25 basis points in November 2024. According to Trading Central's "Economic Insight", the central bank will again keep rates unchanged on Wednesday.
Latest U.S. data showed that consumer price inflation ticked up to 2.4% year on year in May, which was lower than market expectations.
And U.S. President Donald Trump has repeatedly demanded the Fed cut its key interest rate by an entire percentage point.
But in fact, according to the CME Group's FedWatch tool, which forecasts rate movements based on Fed funds futures trading data, traders are pricing in just a 3% chance of a rate cut in June.
In the last Fed Inflation-Rate Decision in May, within one hour from the event, EUR/USD moved in a range of 36.3 pips during the 1 hour following the event, ending 9.1 pips lower.
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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