CNY: GDP q/y at 7:30 AM
Measures: Change in the inflation-adjusted value of all goods and services produced by the economy.
Released quarterly, about 18 days after the quarter ends.
Next Release Date OCT 17, 2022
Data represents the quarterly value compared to the same quarter a year earlier. Chinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment.
It’s the broadest measure of economic activity and the primary gauge of the economy’s health.
Forecast- [1.2%]
Previous- [4.8%]
Actual- 0.4%
Impact- Data is negative for base metals.
USD: Core Retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level, excluding automobiles.
Released monthly, about 16 days after the month ends.
Next Release Date Aug 17, 2022
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
Forecast- [0.7%]
Previous- [0.5%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while neutral for bullions. The actual figure is to release at 6:00 PM.
USD: Retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level.
Released monthly, about 16 days after the month ends.
Next Release Date Aug 17, 2022
This is the earliest and broadest look at vital consumer spending data.
It’s the primary gauge of consumer spending, accounting for most of overall economic activity.
Forecast- [0.9%]
Previous- [-0.3%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure is to release at 6:00
FOMC Member Bullard Speaks at 6:30 PM
Measures: Due to speak about the US economy and monetary policy at a luncheon hosted by the Little Rock Regional Chamber, in Arkansas. Audience questions are expected.
FOMC voting members 2010, 2013, 2016, 2019, and 2022
Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
USD: Prelim UOM Consumer Sentiment at 7:30 PM
Measures: Level of a composite index based on surveyed consumers.
Released monthly, around the middle of the current month.
Next Release Date Aug 12, 2022
There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact.
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
Forecast- [49.0]
Previous- [50.0]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure is to release at 7:30 PM.
Source- Forex Factory
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