Here is the checklist of specific events. Moreover, the forecast figure may create volatility in the market.
USD: Philly Fed Manufacturing Index at 6:00 PM
Measures: Level of a diffusion index based on surveyed manufacturers in Philadelphia
Released monthly, on the third Thursday of the current month
Next Release Sep 15, 2022
Economic Indicator: Above 0.0 indicates improving conditions, below indicates worsening conditions
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment
Forecast- [-4.9]
Previous- [-12.3]
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 6:00 PM.
USD: Unemployment Claims at 6:00 PM
Measures: The number of individuals who filed for unemployment insurance for the first time during the past week
Released weekly, usually on the first Thursday after the week ends
Next Release Aug 25, 2022
This is the nation’s earliest economic data. The market impact fluctuates from week to week – there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy
Forecast- [265K]
Previous- [262K]
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 6:00 PM.
USD: Existing Home Sales at 7:30 PM
Measures: Annualized number of residential buildings that were sold during the previous month, excluding new construction
Released monthly, about 20 days after the month ends
Next Release Date Sep 21, 2022
While this is monthly data, it’s reported in an annualized format
It’s a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction
Forecast- [4.87M]
Previous- [5.12M]
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 7:30 PM.
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 Aug 25, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Forecast- [38B]
Previous- [44B]
Actual- ?
Impact- The forecast figure seems to be slightly positive for Natural Gas The actual figure is to release at 8:00 PM.
FOMC Member George Speaks at 10:50 PM
Measures: Due to speak about the economic outlook at an event hosted by the Fairfax Industrial Association, in Missouri
FOMC voting member 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
Source: Forex Factory
For more specific events, stay tuned with us…!!