Today we do not have much major data except state manufacturing index.
USD: Empire State Manufacturing Index at 6:00 PM
Measures: Level of a diffusion index based on surveyed manufacturers in New York state;
Released monthly, around the middle of the current month of Manufacturing Index;
Next Release Date Nov 15, 2022
Above 0.0 indicates improving conditions, below means 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- [-4.3]
Previous- [-1.5]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure is to release at 6:00 PM.
Source: Forex Factory
For more regular updates on economic indicators stay tuned with us…!!