Today we have a big list of leading indicators. Thus, we may witness high volatility in today’s trading session.
FOMC Member George Speaks at 12:45am
Measures: Due to participate in a virtual panel discussion at the Annual Conference of the Central Bank of Chile, in Santiago
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
FOMC Member Bullard Speaks at 1:15am
Measures: Due to speak about the implications of heterogeneity in macroeconomics for monetary policy at the Annual Conference of the Central Bank of Chile, in Santiago
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
EUR: French Flash Services PMI at 1:45pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 19, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [50.6]
Previous- [51.7]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 1:45pm
EUR: French Flash Manufacturing PMI at 1:45pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 19, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [46.9]
Previous- [47.2]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 1:45pm
EUR: German Flash Manufacturing PMI at 2:00pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 19, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [44.9]
Previous- [45.1]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 2:00pm
EUR: German Flash Services PMI at 2:00pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 19, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [46.1]
Previous- [46.5]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 2:00pm
USD: Core Durable Goods Orders m/m at 7:00pm
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 Dec 23, 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- [0.0%]
Previous- [-0.5%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 7:00pm
USD: Durable Goods Orders m/m at 7:00pm
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 Dec 23, 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- [0.4%]
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 is to release at 7:00pm
USD: Unemployment Claims at 7:00 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 Dec 1, 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- [225K]
Previous- [222K]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure to release at 7:00 PM.
USD: Flash Services PMI at 8:15pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 16, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [48.0]
Previous- [47.8]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 8:15pm
USD: Flash Manufacturing PMI 8:15pm
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date Dec 16, 2022
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [50.0]
Previous- [50.4]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 8:15pm
USD: New Home Sales at 8:30 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 Dec 23 2022
While this is monthly data, it’s reported in an annualized format (monthly figure x12)
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- [570K]
Previous- [603K]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure to release at 8:30 PM.
USD: Revised UoM Consumer Sentimentt at 8:30 PM
Measures: Level of a composite index based on surveyed consumers
Released monthly, usually on the last Friday of the current month
Next Release Date Dec 23, 2022
The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [55.0]
Previous- [54.7]
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 8:30 PM.
Crude Oil Inventories at 9:00 PM
Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week
Released weekly, 4 days after the week ends
Next Release Nov 30, 2022
While this is a US indicator, it most affects the loonie due to Canada’s sizable energy sector
It’s the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility
Forecast- [-2.5M]
Previous- [-5.4M]
Actual- ?
Impact- The forecast figure seems to be negative for Crude Oil The actual figure to release at 9:00 PM
Natural Gas Storage at 10:30pm
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 Dec 1, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Forecast- [86B ]
Previous- [64B ]
Actual- ?
Impact- The forecast figure seems to be negative for Natural Gas The actual figure is to release at 10:30pm
Source: Forex Factory
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