Here is the list of significant events which may create volatility in the market. Furthermore, data on manufacturing index comes with vital importance.
USD: Core retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level, excluding automobiles
Released monthly, about 16 days after the month ends
Next Release Date Oct 14, 2022
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends
Forecast- [0.0%]
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 is to release at 6:00 PM.
USD: Empire State Manufacturing Index at 6:00 PM
Measures: Level of a diffusion index based on surveyed manufacturers in New York state
Released monthly, around the middle of the current month
Next Release Date Oct 17, 2022
Above 0.0 indicates improving conditions, below means worsening conditions
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment
Forecast- [-12.7]
Previous- [-31.3]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure is to release at 6:00 PM.
USD: Retail Sales m/m at 6:00 PM
Measures: Change in the total value of sales at the retail level
Released monthly, about 16 days after the month ends
Next Release Date Oct 14, 2022
This is the earliest and broadest look at vital consumer spending data
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Forecast- [-0.1%]
Previous- [0.0%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure is to release at 6:00 PM.
USD: Philly Fed Manufacturing Index at 6:00 PM
Measures: Level of a diffusion index based on surveyed manufacturers in Philadelphia
Released monthly, on the third Thursday of the current month
Next Release Oct 20, 2022
Economic Indicator: Above 0.0 indicates improving conditions, below indicates worsening conditions
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment
Forecast- [2.4]
Previous- [6.2]
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 6:00 PM.
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 22, 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- [225K]
Previous- [222K]
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 6:00 PM.
Source: Forex Factory
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