Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of September 29 - October 3:
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 U.S. Core Personal Consumption Expenditure (PCE) Price Inflation, the Federal Reserve’s favorite inflation gauge, was reported as stable in August (2.9% year on year, 0.2% month on month).
In the coming Friday (October 3), we are closely watching another set of key data that could drive interest rates – the Official U.S. Jobs Report for September.
In the last report for August, the report showed that the addition of Non-Farm Payrolls slumped to 22,000 from 73,000 in the prior month, indicating rapid cooling in the labor market. Thereafter, the Fed cut interest rates by 25 basis points, allowing major stock indexes to keep breaking records.
Obviously, a lower-than-expected non-farm number would help boost Investors’ confidence on further rate cuts.
According to the forecast of Trading Central's "Economic Insight", the U.S. economy added 50,000 Non-Farm Payrolls in September with the jobless rate holding steady at 4.3%.
At the start of September, within one hour after the Non-Farm Payroll report was released, EUR/USD moved in a range of 45.5 pips, ending 21.6 pips higher.
Key Economic Data Forecasts:
(GMT+02:00 Hour)
Happy Trading!
Source: Trading Central Economic Insight
