Below are the various economic indicators which may impact the overall health of the economy. As a result, leading an influence on all commodities.
USD: Average Hourly Earnings m/m at 6:00 PM
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 Date: July 8, 2022
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 the labor the higher costs are usually passed on to the consumer
Forecast- [0.4%]
Previous- [0.3%]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. However, the actual figure to release at 6:00 PM.
USD: Non-Farm Employment Change at 6:00 PM
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 Date: July 8, 2022
This is a vital economic data released shortly after the month ends. Furthermore, 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- [325K]
Previous- [428K]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. Therefore, the actual figure to release at 6:00 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: July 6, 2022
Economic Indicator –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
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- [3.5%]
Previous- [3.6%]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. Moreover, the actual figure to release at 7:30 PM.
USD: FOMC Member Brainard Speaks at 8:00 PM
Measures: Due to speak about the Community Reinvestment Act at the Urban Institute, in Washington DC. Audience questions expected
FOMC voting member Jun 2014 – Jan 2026
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
For day to day economic indicators stay tuned with us!