Here is the checklist of leading indicators which may impact the market globally.
GBP : GDP m/m at 11:30 AM
Measures: Change in the total value of all goods and services produced by the economy
Released monthly, about 40 days after the month ends
Next Release Nov 11, 2022
Source first released in Jul 2018
It’s the broadest measure of economic activity and the primary gauge of the economy’s health
Forecast- [0.0%]
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 11:30 AM.
GBP: MPC Member Pill Speaks at 5:05 PM
Measures: Due speak about the economic outlook at an event hosted by the Scottish Council for Development and Industry, in Glasgow. Audience questions expected
MPC voting member Sep 2021 – Aug 2024
BOE MPC 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: PPI m/m at 6:00 PM
Measures: Change in the price of finished goods and services sold by producers
Released monthly, about 13 days after the month ends
Next Release Date Nov 15, 2022
Source changed series calculation formula as of Feb 2014
It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer
Forecast- [0.2%]
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: Core PPI m/m at 6:00 PM
Measures: Change in the price of finished goods and services sold by producers
Released monthly, about 13 days after the month ends
Next Release Date Nov 15, 2022
Source changed series calculation formula as of Feb 2014
It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer
Forecast- [0.3%]
Previous- [0.4%]
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 6:00 PM.
FOMC Meeting Minutes at 11:30 PM
Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced
Next Release Nov 24, 2022
It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates
Source: Forex factory
For more leading indicators stay tuned with us…!!