Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
On the left side of the page, we can choose trading week of July 17-21 and filter by data importance as well as countries:
The major focus for the week will be the U.S. Retail Sales for June, lets take a look at what Economic Insight provides:
According to Trading Central's "Economic Insight", the U.S. Retail Sales are expected to grow 0.3% on month in June. By clicking on the little icons on the right, investors can find out:
"Volatility" shows that in the past 12 U.S. Retail Sales releases, EUR/USD moved in an average range of 48 pips within one hour from the data release.
"Impact" shows that last time (i.e. when Retail Sales for May released on June 15) how EUR/USD reacted to the data release on an intraday chart.
Key economic data for the week:
Monday (July 17)
- China's Gross Domestic Product is expected to grow 7.1% on year in the second quarter, while Industrial Production is estimated to be up 2.4% in June and Retail Sales are anticipated to increase by 3.5%.
Tuesday (July 18)
- The Reserve Bank of Australia will release its latest monetary policy meeting minutes.
- U.S. Retail Sales are expected to grow 0.3% on month in June
- Canada's Inflation Rate is estimated to ease to 3.1% on year in June, while Producer Prices Index decline is anticipated to narrow to 3.2%.
Wednesday (July 19)
- New Zealand's Inflation Rate is expected to slow to 6.1% on year in the second quarter.
- U.K. Inflation Rate is expected to ease to 8.3% on year in June.
Thursday (July 20)
- Australia's Employment is expected to increase by 25,100 in June, while Unemployment Rate is anticipated to be steady at 3.6%.
- Japan's Exports are estimated to grow 0.9% on year in June.
- Germany's Producer Prices Index is expected to drop 0.2% on year in June.
Friday (July 21)
- Japan's Inflation Rate is expected to slow to 3.1% on year in June.
- U.K. Retail Sales are anticipated to drop 0.2% on month in June.
- Canada's Retail Sales are expected to grow 0.5% on month in May.
Traders who are looking for high volatility events may watch U.K. data for June, including Inflation Rate due on Wednesday (average 45 pips range for GBP/USD) and Retail Sales due on Friday (average 28 pips range for GBP/USD).
Source: Trading Central Economic Insight
