Here is the list of economic updates which may influence the and create volatility in the market.
USD: CB Consumer Confidence at 8:30 pm
Measure: Level of a composite index based on surveyed households
Released monthly, on the last Tuesday of the current month
Next Release: Jan 31, 2023
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Survey of about 3,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation
Forecast- [ 101.0 ]
Previous- [ 100.2 ]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and the dollar while negative for bullions. The actual figure to released at 8:30 pm.
Crude Oil Inventories at 9:00 PM
Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week
Released weekly, 4 days after the week ends
Next Release Date Dec 29, 2022
While this is a US indicator, it most affects the loonie due to Canada’s sizable energy sector
It’s the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility
Forecast- [ 2.5M]
Previous- [10.2M ]
Actual- ?
Impact –The forecast figure seems to be positive for crude oil The actual figure to released at 9:00 pm.
Source: Forex Factory
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