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 Sep 8, 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- [250K]
Previous- [243K]
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.
USD: ISM Manufacturing PMI at 7:30 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
Released monthly, on the first business day after the month ends;
Next Release Date Oct3, 2022
above 50.0 indicates industry expansion, below indicates contraction.
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- [52.1]
Previous- [52.8]
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.
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 Sep 8, 2022
Inventories are used to maintain price stability during supply shortages and periods of increasing demand.
Forecast- [58B]
Previous- [60B]
Actual- ?
Impact- The forecast figure seems to be slightly positive for Natural Gas The actual figure is to release at 8:00 PM.
Source: Forex Factory
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