Here is the checklist of economic data which may influence the economic sentiments of the market.
EUR: German ZEW Economic Sentiment at 3:30pm
Measures: Level of a diffusion index based on surveyed German institutional investors and analysts
Released monthly, on the second or third Tuesday of the current month
Next Release Date Dec 15, 2022
Above 0.0 indicates optimism, below indicates pessimism
It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity
Forecast- [-54.1]
Previous- [-59.2]
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 3:30pm.
USD: Empire State Manufacturing Index at 7:00 PM
Measures: Level of a diffusion index based on surveyed manufacturers in New York state
Released monthly, around the middle of the current month
Next Release Date Dec 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- [-5.0]
Previous- [-9.1]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and the dollar while negative for bullions. The actual figure is to release at 7:00 PM.
USD: PPI m/m at 7:00 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 Dec 9, 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- [0.5%]
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 7:00 PM.
USD: Core PPI m/m at 7:00 PM
Measures: Change in the price of finished goods and services sold by producers, excluding food and energy
Released monthly, about 13 days after the month ends
Next Release Date Dec 9, 2022
Source changed series calculation formula as of Feb 2014
Source changed series calculation formula as of Feb 2014. Food and energy prices make up about 40% of overall PPI which tends to mute the importance of the Core data
Forecast- [0.4%]
Previous- [0.3%]
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 7:00 PM.
All: G20 Meetings at All Day
Next Release Date Nov 16, 2022
G20 meetings are attended by finance ministers and central bankers from 20 industrialized nations including the G7 nations – Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded
While it’s not an institution, the G20 is an influential global policy-making body operating at the highest level, and their initiatives and policies can impact the currency markets. This are the economic data that influence the sentiments of market.
Source: Forex Factory
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