Here is the list of Economic updates which may impact the psychological sentiments of the market. Today we have major data i.e. Unemployment claims at 6:00 PM.
EUR: ECB Monetary Policy Meeting Accounts at 5:00 PM
8 times per year, 4 weeks after the Minimum Bid Rate is announced
Source first released in Feb 2015
It’s a detailed record of the ECB Governing Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates
USD: Unemployment Claims at 6:00 PM
Measures: The number of individuals who filed for unemployment insurance for the first time during the past week
Released weekly, usually on the first Thursday after the week ends
Next Release Oct 13, 2022
This is the nation’s earliest economic data. The market impact fluctuates from week to week – there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes
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- [205K]
Previous- [193K]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
Natural Gas Storage at 8:00 PM
Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week
Released weekly, 5 days after the week ends
Next Release Date Oct 13, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Forecast- [125B]
Previous- [103B]
Actual- ?
Impact- The forecast figure seems to be slightly negative for Natural Gas The actual figure is to release at 8:00 PM.
Source: Forex Factory
For more day to day economic updates stay tuned with us..!!