Here is the checklist of some significant updates which may decide the trend of the market.
FOMC Meeting Minutes at 12:30am
Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced
Next Release Jan 5, 2023
It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates
EUR: German ifo Business Climate at 2:30pm
Measures: Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers
Released monthly, around 3 weeks into the current month
Next Release Date Dec 21, 2022
This survey is highly respected due to its large sample size and historic correlation with German and wider Eurozone economic conditions. It tends to create a hefty market impact upon release. Source changed series from a base year of 2000 to a base year of 2005, as of May 2011, and changed series to include services, as of Apr 2018
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- [85.0]
Previous- [84.3]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar while negative for bullions. The actual figure to release at 2:30pm.
Source: Forex Factory
For more significant updates stay tuned with us!!