Before FOMC meet, keep an eye on US Consumer confidence data


Consumer Confidence- Commodity Samachar

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 Aug 30, 2022

Financial confidence is a leading indicator of consumer spending, accounting for most of the overall economic activity.

A Survey of about 3,000 households asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation.

Forecast- [96.8]
Previous- [98.7]
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.


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.
The next Release date is Aug 23, 2022

Above 0 indicates improving conditions, and below indicates worsening conditions. Tends to have a muted impact because there are earlier regional indicators related to manufacturing conditions.

A Survey of about 55 manufacturers in the Richmond area asks respondents to rate the relative level of business conditions including shipments, new orders, and employment.

Forecast- [-17]
Previous- [-11]
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 7:30 PM.

Source: Forex Factory

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