Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of May 5-9:
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:
No doubt the most important economic event in the coming week should be the U.S. Federal Reserve’s Interest-Rate Decision on Wednesday (May 7). According to Trading Central's "Economic Insight", the Fed will keep its key interest rate unchanged at 4.50%.
On the background of recent U.S. data showing negative economic growth and a contracting manufacturing sector, coupled with continued demand from President Donald Trump for cutting interest rates, market participants are focusing on how Federal Reserve Chair Jerome Powell projects the rate path for the rest of the year.
In the past 8 U.S. Fed Interest-Rate Decisions, within one hour from the event, EUR/USD rose in 50% of times (4 out of 8 events), marking a trading range of 48.94 pips on average.
Meanwhile, the monthly official U.S. jobs report (non-farm payrolls, jobless rate) will be released on Friday (May 2).
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
