Below is the list of core indicators. Non-farm employment change comes with utmost importance. However, if the forecasted figure matches with the actual one then that may create pressure on bullions.
USD: ADP Non-Farm Employment Change at 5:45 PM
Measures: Estimated change in the number of employed people during the previous month, excluding the farming industry and government
Released monthly, usually on the first Wednesday after the month ends
Next Release Date: July 7, 2022
This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it’s designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [295K]
Previous- [247k]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and the dollar while negative for bullions. The actual figure to release at 5:45 PM.
USD: Unemployment Claims at 6:00 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 Date: June 9, 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- [210K]
Previous- [210K]
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.
OPEC-JMMC Meetings -All Day
Monthly
Next Release: Jul 4, 2022
OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. 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. Source first met in Jan 2017
Natural Gas Storage at 8:00 PM
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 date: June 9, 2022
The major usage of Inventories is to maintain price stability during supply shortages and periods of increasing demand
Forecast- [86B]
Previous- [80B]
Actual- ?
Impact- The forecast figure seems to be negative of Natural Gas The actual figure is to release at 8:00 PM.
Crude Oil Inventories at 8:30 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 Date: June 8, 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- [-3.0M]
Previous- [-1.0M]
Actual- ?
Impact- The forecast figure seems to be supportive for Crude Oil The actual figure to release at 8:30 PM
EUR: Spanish Unemployment Change at 12:30 PM
Measures: Change in the number of unemployed people during the previous month
Released monthly, about 3 days after the month ends
Next Release Date: July 5, 2022
This is among the few non-seasonally adjusted numbers reported on the calendar
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
Forecast- [-33.5K]
Previous- [-86.3K]
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 12:30 PM.
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