Here is the checklist of recent economic updates which may impact the Indian commodity market. Consequently, CPI Inflation comes with vital importance.
EUR: German ZEW Economic Sentiment at 3:30pm
Measures: Level of a diffusion index based on surveyed German institutional investors and analysts
Released monthly, on the second or third Tuesday of the current month
Next Release Date Jan 17, 2023
Above 0.0 indicates optimism, below indicates pessimism
It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity
Forecast- [-26.8]
Previous- [-36.7]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure is to release at 3:30pm.
USD: CPI m/m at 7:00 PM
Measures: Change in the price of goods and services purchased by consumers
Released monthly, about 16 days after the month ends
Next Release Date Jan 12, 2023
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
The average price of various goods and services are sampled and then compared to the previous sampling
Forecast- [0.3%]
Previous- [0.4%]
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 7:00 PM.
USD: CPI y/y at 7:00 PM
Measures: Change in the price of goods and services purchased by consumers
Released monthly, about 16 days after the month ends
Next Release Date Jan 12, 2023
This is among the few non-seasonally adjusted numbers reported on the calendar
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [7.3%]
Previous- [7.7%]
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 7:00 PM.
USD: Core CPI m/m at 7:00 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy
Released monthly, about 16 days after the month ends
Next Release Date Jan 12, 2023
Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC usually pays more attention to the Core data – so do traders
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [0.3%]
Previous- [0.3%]
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 7:00 PM.
Source: Forex Factory
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2 thoughts on “Recent Economic Updates impacts the commodity market”
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