Here is the checklist of specific events which may influence the market conditions. The actual figure of consumer confidence data comes with vital importance.
USD: Fed Chair Powell Speaks at 5:00 PM*
Measures: Due to participate in a panel discussion about digital currencies at an event hosted by the Bank of France, in Paris
Next Release Sep 28, 2022
Fed Chair Feb 2018 – Feb 2026. Fed Governor May 2012 – Jan 2028. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues
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
USD: Core Durable Goods Orders m/m at 6:00 PM
Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items
Released monthly, about 26 days after the month ends
Next Release Date Oct 27, 2022
This data is usually revised via the Factory Orders report released about a week later. Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends
It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders
Forecast- [0.3%]
Previous- [0.2%]
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 6:00 PM.
USD: Durable Goods Orders m/m at 6:00 PM
Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods
Released monthly, about 26 days after the month ends
Next Release Date Oct 27, 2022
This data is usually revised via the Factory Orders report released about a week later. Durable goods are defined as hard products having a life expectancy of more than 3 years, such as automobiles, computers, appliances, and airplanes
It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
Forecast- [0.1%]
Previous- [-0.1%]
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 6:00 PM.
USD: CB Consumer Confidence at 7:30 PM
Measures: Level of a composite index based on surveyed households
Released monthly, on the last Tuesday of the current month
Next Release Date Oct 25, 2022
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Survey of about 3,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation
Forecast- [104.0]
Previous- [103.2]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure to release at 7:30 PM.
USD: New Home Sales at 7:30 PM
Measures: Annualized number of new single-family homes that were sold during the previous month
Released monthly, on the 17th business day after the month ends
Next Release Date Oct 26, 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 new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
Forecast- [500K]
Previous- [511K]
Actual- ?
Impact- The forecast figure seems to be slightly neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:30 PM.
Richmond Manufacturing Index at 7:30 PM
Measures- Level of a composite index based on surveyed manufacturers in Richmond
Released monthly, on the fourth Tuesday of the current month
Next Release date Oct 25, 2022
Above 0 indicates improving conditions, below indicates worsening conditions. Tends to have a muted impact because there are earlier regional indicators related to manufacturing conditions
Survey of about 55 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment
Forecast- [-10]
Previous- [-8]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and dollar while positive for bullions. The actual figure to release at 7:30 PM.
FOMC Member Bullard Speaks at 7:25 PM
Measures: Due to speak about economic and monetary policy challenges at the International Monetary Policy Forum, in London. Audience questions expected
Next Release Sep 28, 2022
FOMC voting member 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
Source: Forex Factory
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