Here is the checklist of specific events which may scrutinize the market conditions.
EUR: ECB President Lagarde Speaks at 3:00 PM
Measures: Due to speak at an event hosted by the Bank of Estonia
FF Notes ECB President Nov 2019 – Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues
As head of the ECB, which controls short term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy
Average Hourly Earnings m/m at 6:00 PM*
Measures: Change in the price businesses pay for labor, excluding the farming industry
Released monthly, usually on the first Friday after the month ends
Next Release Date Dec 2, 2022
This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;
It’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer
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 6:00 PM.
Non-Farm Employment Change at 6:00 PM*
Measures: Change in the number of employed people during the previous month, excluding the farming industry
Released monthly, usually on the first Friday after the month ends
Next Release Date Dec 2, 2022
This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [197K]
Previous- [263K]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
Unemployment Rate at 6:00 PM*
Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month
Released monthly, usually on the first Friday after the month ends
Next Release Date Dec 2, 2022
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- [3.6%]
Previous- [3.5%]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and the dollar while negative for bullions. The actual figure to release at 6:00 PM.
FOMC Member Collins Speaks at 6:00 PM*
Measures: Due to speak about the economy and monetary policy at an online event hosted by the Brookings Institution. Audience questions expected
Next Release Nov 8, 2022
FOMC voting member 2022
Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy
Source: Forex Factory
For more specific events stay tuned with us!!