Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of May 12-16:
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:
As expected, the U.S. Federal Reserve maintained its key interest rate unchanged at 4.50% on Wednesday (May 7). It has been on hold since its last cut in December.
Fed Chair Jerome Powell ruled out a preemptive rate cut, while saying the tariff policy could have a material impact on the economic outlook.
Another set of major inflation data that may help investors gauge the timing of the Fed’s next rate cut will be released on Tuesday (May 13).
According to Trading Central's "Economic Insight", the U.S. Inflation Rate is expected to tick up to 2.6% year on year in April.
In the past 12 U.S. Fed Interest-Rate Decisions, within one hour from the event, EUR/USD rose in 50% of times (6 out of 12 events), marking a trading range of 40.62 pips on average.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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