With Trading Central's "Economic Insight", investors can identify opportunities by targeting economic data and events that have high volatility impact.
We will take a closer look at how Economic Insight could help us prepare for trading on the release of the U.K. inflation data.
In Economic Insight, users can customize settings by selecting date, importance and countries on the left menu:
We are looking at U.K. inflation data due on Wednesday (October 22) and we can click on those little icons to find out more information related to the data release:
The Volatility session showed that the average pips range (1 hour) for the past 12 releases is about 35 pips for GBP/USD:
In the Impact session, we can see that last time GBP/USD moved in a range of 24 pips during the hour after the data release:
Below are the other key data for the upcoming week:
***Some of the scheduled release of U.S. data maybe delayed due to the ongoing suspension of Federal government services.
Source: Trading Central Economic Insight
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