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 weekends.
Next Release Jul 14, 2022
This is the nation’s earliest economic data. The market impact fluctuates weekly – 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- [230K]
Previous- [231K]
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 6:00 PM. Hence, we will consider this as an important event.
FOMC Member Bullard Speaks at 10:30 PM
Measures: To speak about the US economy and monetary policy at a luncheon hosted by the Little Rock Regional Chamber, in Arkansas. Audience questions are expected.
FOMC voting members 2010, 2013, 2016, 2019, and 2022
Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. Therefore we will consider this an important statement.
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 weekends.
Next Release date Jul 14, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand.
Forecast- [75B]
Previous- [82B]
Actual- ?
Impact- The forecast figure seems to be pessimistic for Natural Gas, whatever it is the actual figure is to release at 8:00 PM.
Source: Forex Factory
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