TC Economic Insight - The Week Ahead (July 10-14)

Using Multi-Stock Trading LLC'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 10-14 and filter by data importance as well as countries:

The major focus for the week will be the U.S. Inflation Rate for June, lets take a look at what Economic Insight provides:

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According to Multi-Stock Trading LLC's "Economic Insight", the U.S. Inflation Rate is expected to slow to 3.6% on year in June from 4.0% in May. By clicking on the little icons on the right, investors can find out:

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"Volatility" shows that in the past 12 U.S. Inflation Rate releases, EUR/USD rose in 67% of times (8 out of 12 reports) within one hour from the data release, marking an average trading range of 95.59 pips.

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"Impact" shows that last time (i.e. when Inflation Rate for May released on June 13) how EUR/USD reacted to the data release on an intraday chart.

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Key economic data for the week:

Monday (July 10)

- China's Inflation Rate is expected to rebound to 0.5% on year in June, while Producer Prices Index decline is anticipated to narrow to 4.4%.

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Tuesday (July 11)

- Australia's Westpac Consumer Confidence Index is expected to rise to 80.4 in July, while NAB Business Confidence Index is estimated to be down to -6 in June.

- U.K. Unemployment Rate to rise to 3.9% in March-May period.

- German ZEW Economic Sentiment Indicator is expected to decline to -13.0 in July.

Wednesday (July 12)

- Japan's Producer Prices Index growth is anticipated to slow to 4.5% on year in June, while Machinery Orders are expected to drop 1.2% on month in May.

- The Reserve Bank of New Zealand is expected to keep its benchmark rate unchanged at 5.50%.

- U.S. Inflation Rate is expected to cool down to 3.4% on year in June.

- The Bank of Canada is expected to increase its main interest rate by 25 basis points to 5.00%.

Thursday (July 13)

- China's Imports are expected to drop 2.0% on year in June and exports are estimated to be down 3.1%.

- U.K. Gross Domestic Product is likely to be flat on month in May.

- U.S. Producer Price Index is expected to cool down to 0.2% on year in June.

Friday (July 14)

- U.S. Michigan Consumer Confidence is expected to climb to 64.5 in July.

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Traders who are looking for high volatility events may keep an eye on the Reserve Bank of New Zealand's (average 57 pips range for NZD/USD) and the Bank of Canada's interest rate decision (average 58 pips range for USD/CAD), both due on Wednesday.

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Source: Multi-Stock Trading LLC Economic Insight