Here we have various economic indicators which may impact the trading conditions of the market.
Core Durable Goods Orders m/m at 6:00 AM
Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.
Released monthly, about 26 days after the month ends
Next Release date: May 25, 2022
This data is usually revised via the Factory Orders report released about a week later. Moreover, orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends;
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- {0.5%}
Previous- {-0.6%}
Actual- ?
Impact- The forecast figure seems to be positive for base metals and negative for bullion and the dollar. The actual figure to release at 6:00 PM.
Durable Goods Orders m/m at 6:00 AM
Measures- Change in the total value of new purchase orders placed with manufacturers for durable goods;
Released monthly, about 26 days after the month ends
Next Release date: May 25, 2022
This data is usually revised via the Factory Orders report released about a week later. Durable goods are defined as hard products having a life expectancy of more than 3 years, such as automobiles, computers, appliances, and airplanes;
Furthermore, it is a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders
Forecast- [1.0%]
Previous- [-2.1%]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and negative for bullion. The actual figure to release at 6:00 PM.
CB Consumer Confidence at 7:30 AM
Measures- Level of a composite index based on surveyed households.
Released monthly, on the last Tuesday of the current month
Next Release date: May 31, 2022
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [108.5%]
Previous- [107.2%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and negative for bullion. The actual figure to release at 7:30 PM.
New Home Sales at 7:30 AM
Measures-Annualized number of new single-family homes that were sold during the previous month;
Released monthly, on the 17th business day after the month ends
Next Release date: May 24, 2022
It’s a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For instance, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
Forecast- [774K]
Previous- [772K]
Actual- ?
Impact- The forecast figure seems to be neutral. The actual figure to release at 7:30 PM.
Richmond Manufacturing Index at 7:30 AM
Measures-Level of a composite index based on surveyed manufacturers in Richmond;
Released monthly, on the fourth Tuesday of the current month
Next Release date: May 24, 2022
Above 0 indicates improving conditions, below indicates worsening conditions. Therefore, tends to have a muted impact because there are earlier regional indicators which relates to manufacturing conditions
Survey of about 55 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment;
Forecast- [9]
Previous- [13]
Actual- ?
Impact- The forecast figure seems to be negative for base metals while positive for bullions. The actual figure to release at 7:30 PM.
Source: Forex Factory