Here is the checklist of leading indicators which may influence the market in whole.
USD : Final GDP q/q at 7:00 PM
Measures: Annualized change in the inflation-adjusted value of all goods and services produced by the economy
Released quarterly, about 85 days after the quarter ends
Next Release date: Mar 30, 2023
While this is q/q data, it’s reported in an annualized format (quarterly change x4). The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 3 versions of GDP released a month apart – Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact
It’s the broadest measure of economic activity and the primary gauge of the economy’s health
Forecast- [ 2.9% ]
Previous- [ 2.9% ]
Actual- [ ? ]
Impact: The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to released at 7:00 pm.
USD: Unemployment Claims at 7:00 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 Date: Dec 29, 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- [ 221K ]
Previous- [ 211K ]
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 7:00 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: Dec 29, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand
Nat Gas Stocks, Nat Gas Inventories, Working Gas
Forecast- [ -87B ]
Previous- [ -50B ]
Actual- [ ? ]
Impact: The forecast figure seems to be Positive for Natural Gas The actual figure to released at 9:00 pm.
Source: Forex Factory
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