Below is the checklist of major events which may impact the MCX market.
USD: Final Services PMI at 7:15 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, on the third business day after the month
Next Release Date Oct 5, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. The ‘Previous’ listed is the ‘Actual’ from the Flash release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact. Source first released in Dec 2013
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [44.3]
Previous- [44.1]
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 7:15 PM.
USD: ISM Services PMI at 7:30 PM
Measures: Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry
Released monthly, on the third business day after the month ends
Next Release Date Oct 5, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. Source changed series from unadjusted to seasonally adjusted as of January 2001. Source changed series calculation formula as of Feb 2008
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy
Forecast- [55.0]
Previous- [56.7]
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 7:30 PM.
Source: Forex Factory
For more day to day economic major events stay tuned with us!
