Below are the various economic indicators. Out of so many, FED Chair Powell Testifies at 7:30 PM comes with significant importance.
EUR: German Flash Manufacturing PMI at 1:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date: Jul 21, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report which releases about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [54.0]
Previous- [54.8]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure to release at 1:00 PM.
EUR: German Flash Services PMI at 1:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date: Jul 21, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report which releases about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [54.6]
Previous- [55.0]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure to release at 1:00 PM.
GBP: Flash Manufacturing PMI at 2:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date: Jul 21, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [53.8]
Previous- [54.6]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure to release at 2:00 PM.
USD: Flash Services PMI at 7:15 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry;
Released monthly, around 3 weeks into the current month
Next Release Date: Jul 22, 2022
Economic Indicators :Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2013, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [53.9]
Previous- [53.4]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:15 PM.
USD: Flash Services PMI at 7:15 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date: Jul 22, 2022
Economic Indicators: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2013, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [53.9]
Previous- [53.4]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:15 PM.
USD: Fed Chair Powell Testifies at 7:30 PM
Measures: Due to testify on the Semi-Annual Monetary Policy Report before the Senate Banking Committee, in Washington DC
Fed Chair Feb 2018 – Feb 2026. Fed Governor May 2012 – Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed’s website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility
As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy
Natural Gas Storage at 8:00 PM
Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week
Released weekly, 5 days after the week ends
Next Release date: June 30, 2022
Furthermore, inventories are used to maintain price stability during supply shortages and periods of increasing demand
Forecast- [63B]
Previous- [92B]
Actual- ?
Impact- The forecast figure seems to be supportive of Natural Gas The actual figure is to release at 8:00 PM.
Source: Forex Factory
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