Here is the list of major economic events which may impact the sentiments of the market.
EURO CPI Flash Estimate y/y at 2:30 PM
Measures: Change in the price of goods and services purchased by consumers
Released monthly, on the last business day of the current month
Next Release date Nov 30, 2022
Eurostat bases this estimate on energy prices and 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The report is extremely early and tends to have a significant impact;
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [9.9%]
Previous- [10.0%]
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 3:30 PM.
EURO: CORE CPI Flash Estimate y/y at 3:30 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco
Released monthly, on the last business day of the current month
Next Release date Nov 30, 2022
Eurostat bases this estimate on 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [4.8%]
Previous- [4.8%]
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 3:30 PM.
Source: Forex Factory
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