Here is the checklist of specific events for today. Be cautious because we have a number of specific events which might create volatility in the market.
EURO: French Flash Services data at 12:45 AM
Measures– level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, and below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
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- [52.9]
Previous- [53.2]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and dollar. While positive for bullions. The actual figure to release at 12:45 PM.
EURO: French Flash Manufacturing PMI at 12:45 AM
Measures- Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
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- [49.0]
Previous- [49.5]
Actual- ?
Impact- The forecast figure seems to be stable for bullion and dollar as there is no major change in the forecast figure. The actual figure to release at 12:45 PM.
EUR: German Flash Manufacturing PMI at 1:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
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- [48.0]
Previous- [49.3]
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 1:00 PM.
EUR: German Flash Services PMI at 1:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact
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- [49.0]
Previous- [49.7]
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 1:00 PM.
GBP: Flash Manufacturing PMI at 2:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact
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- [51.0]
Previous- [52.1]
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 2:00 PM.
GBP: Flash Services PMI at 2:00 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 20, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact
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- [52.0]
Previous- [52.6]
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 2:00 PM.
USD: Flash Services PMI at 7:15 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 23, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2013, is the earliest and thus tends to have the most impact
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- [50.0]
Previous- [47.3]
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 7:15 PM.
USD: Flash Manufacturing PMI at 7:15 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry
Released monthly, around 3 weeks into the current month
Next Release Date Sep 23, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact
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- [52.0]
Previous- [52.2]
Actual- ?
Impact- The forecast figure seems to be slightly neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:15 PM.
USD: New Home Sales m/m at 7:30 PM
Measures: Annualized number of new single-family homes that were sold during the previous month
Released monthly, about 28 days after the month ends
Released monthly, on the 17th business day after the month ends
Next Release Date Sep 27, 2022
While this is monthly data, it’s reported in an annualized format (monthly figure x12)
It’s a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction
Forecast- [574K]
Previous- [590K]
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.
Richmond Manufacturing Index at 7:30 PM
Measures-Level of a composite index based on surveyed manufacturers in Richmond
Released monthly, on the fourth Tuesday of the current month
Next Release date Sep 27, 2022
Above 0 indicates improving conditions, below indicates worsening conditions. Tends to have a muted impact because there are earlier regional indicators related to manufacturing conditions
Survey of about 55 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment
Forecast- [-6]
Previous- [0]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and dollar while positive for bullions. The actual figure to release at 7:30pm.
Source: Forex Factory
For more specific events, stay tuned with us!!