Here is the list of various economic forecasts. We are expecting volatility in the market after FOMC meet.
EUR: EU Economic Forecasts at 2:30 PM
Quarterly
Next Release Nov 10, 2022
This report includes economic forecasts for EU member states over the next 2 years, and covers about 180 variables. Source changed release frequency from twice per year to three times per year as of Feb 2012 and from three times per year to quarterly as of Jul 2018
However, the forecasts serve as the European Commission’s basis for evaluating economic performance and trends of EU member states in regard to potential austerity measures and other forced spending cuts
USD: JOLTS Job Openings at 7:30 PM
Measures: Number of job openings during the reported month, excluding the farming industry
Released monthly, about 35 days after the month ends
Next Release Date Aug 2, 2022
It’s released late, but can impact the market because job openings are a leading indicator of overall employment
Forecast- [11.05M]
Previous- [11.40M]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure to release at 7:30 PM
USD: ISM Services PMI at 7:30 PM
Measures: Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry
Released monthly, on the third business day after the month ends
Next Release Date Aug 3, 2022
Above 50.0 indicates industry expansion, below indicates contraction. Source changed series from unadjusted to seasonally adjusted as of January 2001. Source changed series calculation formula as of Feb 2008
Furthermore, 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- [53.9]
Previous- [55.9]
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 7:30 PM
FOMC Meeting Minutes at 11:30 PM
Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced;
Next Release Aug 18, 2022
Moreover, it’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;
Source: Forex Factory
For day to day economic updates, stay tuned with us!
