Here we have various economic data which may impact the trading conditions of the market.Â
Advance GDP q/q at 6:00 PM
Measures: Annualized change in the inflation-adjusted value of all goods and services produced by the economy
Released quarterly, about 30 days after the quarter ends
Next Release date: July 28, 2022
While this is q/q data, it’s reported in an annualized format (quarterly change x4). There are 3 versions of GDP released a month apart – Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
It’s the broadest measure of economic activity and the primary gauge of the economy’s health
Forecast- [1.1%]
Previous- [6.9%]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and dollar while positive for bullions. The actual figure to release at 6:00 PM.
Advance GDP Price Index q/q at 6:00 PM
Measures: Annualized change in the price of all goods and services included in GDP
Released quarterly, about 30 days after the quarter ends
Next Release date: July 28, 2022
While this is q/q data, it’s reported in an annualized format (quarterly change x4)
The broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation
Forecast- [7.2%]
Previous- [7.1%]
Actual- ?
Impact- Impact- Forecast figure seems to be neutral for bullion and dollar. The actual figure to release at 6:00 PM.
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: May 5, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Forecast- [39B]
Previous- [53B]
Actual- ?
Impact- The forecast figure seems to be supportive for natural gas storage. The actual figure to release at 8:00 PM.
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: May 5, 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
We view unemployment claim as a lagging indicator. Therefore, 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- [178K]
Previous- [184K]
Actual- ?
Here we have various economic indicators which may impact the trading conditions of the market. Forecast figure seems to be negative for bullion while positive for dollar. The actual figure to release at 6:00 PM.