Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of October 27-31:
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 coming week will be a busy one for investors, as major central banks in the U.S., Europe, Japan, and Canada will decide on interest rates.
According to the forecast of Trading Central's "Economic Insight", on Wednesday (October 29), the U.S. Federal Reserve will lower its key interest rate by another 25 basis points to a range of 3.75%-4.00%.
Though a government shutdown has been lasting for three weeks, delaying key official data on employment and inflation, many Fed policy-maker, including Fed Chair Jerome Powell, have suggested they will keep focusing on the labor market, which has repeatedly shown signs of weakening.
In fact, as reflected by interest-rate futures contracts, traders have fully priced in two more rate cuts (October & December) this year.
In September, within one hour after the Federal Reserve announced a rate cut of 25 basis points, EUR/USD moved in a range of 95.8 pips, ending 18.4 pips lower.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
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