Here is the checklist of economic indicators which may bang the market globally. Yesterday as expected market crashed soon after the release of data. Inflation is flying like a rocket and smashing the market like anything.
USD: Core retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level, excluding automobiles
Released monthly, about 16 days after the month ends
Next Release Date Nov 16, 2022
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends
Forecast- [-0.1%]
Previous- [-0.3%]
Actual- ?
Impact- The forecast figure seems to be slightly neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 6:00 PM.
USD: Retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level
Released monthly, about 16 days after the month ends
Next Release Date Nov 16, 2022
This is the earliest and broadest look at vital consumer spending data
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Forecast- [0.2%]
Previous- [0.3%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 6:00 PM.
USD: Revised UoM Consumer Sentiment at 7:30 PM
Measures: Level of a composite index based on surveyed consumers
Released monthly, usually on the last Friday of the current month
Next Release Date Nov 11, 2022
There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [58.7]
Previous- [58.6]
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 7:30 PM.
Source: Forex Factory
For more economic indicators stay tuned with us…!!