Here is the checklist of economic updates which may impact the trading session of the day.
USD: Unemployment Claims at 7:00 pm
Measure: 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 Date: Jan 5, 2023
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- [ 225K ]
Previous- [ 216K ]
Actual- [ ? ]
Impact: The forecast figure seems to be negative for base metals and the dollar while positive for bullions.
The actual figure to released at 7:00 pm.
USD: Crude Oil Inventories at 9:30 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 : Jan 5, 2023
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- [-1.2M ]
Previous- [-5.9M ]
Actual- ?
Impact –The forecast figure seems to be positive for crude oil
The actual figure to released at 9:30 pm.
USD: Natural Gas Storage at 9:00 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 Data: Jan 5, 2023
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Nat Gas Stocks, Nat Gas Inventories, Working Gas
Forecast- [ -198B ]
Previous- [ -87B ]
Actual- [ ? ]
Impact: The forecast figure seems to be negative for Natural Gas
The actual figure to released at 9:00 pm.
Source: Forex Factory
For more economic updates stay tuned with us!