TC Economic Insight - The Week Ahead (June 17 - 21)

By

Kim Ming Lam

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June 17, 2024

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3

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TC Economic Insight - The Week Ahead (June 17 - 21)

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

We are looking into the trading week of June 17 - 21:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

The Bank of Canada and the European Central Bank cut key interest rates recently, while the U.S. Federal Reserve and the Bank of Japan have just kept rates unchanged.

The Bank of England’s rate decision this week (Thursday, June 20) will be investors’ focus.  According to Trading Central's "Economic Insight", the BOE will hold its key rate unchanged at 5.25% despite the central bank’s earlier comments that rate cuts would come soon.

Meanwhile, the Reserve Bank of Australia is expected to keep its key interest rate unchanged at 4.35% on Tuesday (June 18).

In the past 8 Bank of England monetary-policy meetings, within one hour from the event, GBP/USD marked a trading range of 48.44 pips on average.

Key Economic Data Forecasts:

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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