Economic Indicators for the last trading session of the week

Here is the checklist of economic indicators which may impact the market. Today is the data on Non-Farm payroll due to which we may witness high volatility in today’s trading session.

JPY BOJ Gov Kuroda Speaks at 7:00am

Measures: Due to speak about macroeconomics and financial stability at an online event hosted by the ASEAN+3 Macroeconomic Research Office

BOJ Governor Mar 2013 – Apr 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues

As head of the central bank, which controls short term interest rates, he has important influence over the nation’s currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts

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EUR: ECB President Lagarde Speaks at 8:10am

Measures: Due to participate in a panel discussion on growth and inflation at the Bank of Thailand 80th Anniversary Conference, in Bangkok

Next Release Dec 5, 2022

FF Notes ECB President Nov 2019 – Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues

As head of the ECB, which controls short term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy

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USD Average Hourly Earnings m/m at 7:00pm

Measures: Change in the price businesses pay for labor, excluding the farming industry

Released monthly, usually on the first Friday after the month ends

Next Release Jan 6, 2023

This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010

It’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer

Forecast- [0.3%]
Previous- [0.4%]
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 7:00pm.

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USD Non-Farm Employment Change at 7:00pm

Measures: Change in the number of employed people during the previous month, excluding the farming industry

Released monthly, usually on the first Friday after the month ends

Next Release Jan 6, 2023

This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity

Forecast- [200K]
Previous- [261K]
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 7:00pm.

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USD Unemployment Rate at 7:00pm

Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month

Released monthly, usually on the first Friday after the month ends

Next Release Jan 6, 2023

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- [3.7%]
Previous- [3.7%]
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 7:00pm.

Source: Forex Factory

For more economic indicators stay tuned with us !!