Here is the checklist of economic updates. In yesterday’s trading session market remain volatile. Lets see how data impacts today.
EURO CPI Flash Estimate y/y at 2:30 PM
Measures: Change in the price of goods and services purchased by consumers
Released monthly, on the last business day of the current month
Next Release date Oct 31, 2022
Eurostat bases this estimate on energy prices and 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The report is extremely early and tends to have a significant impact;
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [9.7%]
Previous- [9.1%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure to release at 2:30 PM.
EURO: CORE CPI Flash Estimate y/y at 2:30 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco
Released monthly, on the last business day of the current month
Next Release date Oct 31, 2022
Eurostat bases this estimate on 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [4.7%]
Previous- [4.3%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure to release at 2:30 PM.
USD: Core PCE Price Index m/m at 6:00 PM*
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy
Released monthly, about 30 days after the month ends
Next Release Date Oct 28, 2022
This differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. CPI is released about 10 days earlier and tends to garner most of the attention
It’s the Federal Reserve’s primary inflation measure. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [0.5%]
Previous- [0.1%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure to release at 6:00 PM.
USD: FOMC Member Brainard Speaks at 7:30 PM
Measures: Due to deliver opening remarks at an event hosted by Federal Reserve Bank of New York
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
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 Oct 28, 2022
The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [59.5]
Previous- [59.5]
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 day to day economic updates stay tuned with us..!!