High impact news releases
A breakdown of monthly and cyclical high impact news releases from US data:-
Why the news is important
How the data is collected
The impact it has on the US economic outlook
How the news can affect XAUUSD
Employment Data
What is the news?
Non-Farm Payroll(NFP) - NFP measures the change in the number of people employed during the previous month except the farming industry
When does it occur?
First Friday of the month
Why is it important?
A strong number in employment can be an indication of how well the economy is doing because it relates to consumer spending. More people employed means more money is available for consumers to spend therefore boosting the economy
Impact
Higher NFP numbers = Bullish USD
Lower NFP numbers - Bullish Gold
What is the news?
Unemployment Rates - the number of unemployed people (in percentages) in the total work forces that are looking for employment
When does it occur?
First Friday of the month
Why is it important?
Unemployment is an indication of the economic health of a country as it is correlated with consumer spending
Higher unemployment rates means less wages and disposable income and lower productivity and output which leads to weaker currency
Impact
Higher Unemployment Rate = Bullish Gold
Lower Unemployment Rate = Bullish USD
*USD Unemployment Claims are released weekly on a Thursday @ 13.30pm
What is the news?
Job Openings and Labor Turnover Survey (JOLTS) - the number of job openings for the month except for the farming industry
When does it occur?
Monthly - around 35 days after the month ends
Why is it important?
Job openings are an indication of employment which can help to determine the outlook of the economy and the monetary policy
Impact
Higher numbers = Bullish USD
Lower numbers = Bullish Gold
Manufacturing Data
What is the news?
Empire State Manufacturing Index (ESMI) - gauges business decisions for New York manufacturers in a survey conducted by the Federal Reserve. 200 manufacturers are surveyed in New York state.
When does it occur?
Released monthly around the middle of the current month
Why is it important?
ESMI is an indicator of New York State's manufacturing sector and current level of business conditions. Strong manufacturing data is good for the economy as it can stimulate growth in business, employment and spending
Impact
Bullish for USD = Actual + greater than Forecast
Bullish for GOLD = Worse than Forecast
A level above 0.0 indicates improving conditions, below 0.0 indicates worsening conditions
What is the news?
Flash Manufacturing Purchasing Managers Index (PMI) - surveys around 800 purchasing managers in the manufacturing industry and gets a view of the current level of business conditions
When does it occur?
Monthly around 21 days into the month
Why is it important?
PMI is used to help analyse the economic health of a country. It can determine whether the market is expanding (good), contracting (bad) or at the same levels
Impact
Numbers above 50.0 indicate expansion and numbers below 50.0 indicate contraction
Higher numbers = Bullish USD
Lower numbers = Bullish Gold
What is the news?
Flash Services Purchasing Managers Index (PMI) - surveys around 400 purchasing managers in the services industry and gets a view of the current level of business conditions
When does it occur?
Monthly around 21 days into the month
Why is it important?
PMI is used to help analyse the economic health of a country. It can determine whether the market is expanding (good), contracting (bad) or at the same levels
Impact
Numbers above 50.0 indicate expansion and numbers below 50.0 indicate contraction
Higher numbers = Bullish USD
Lower numbers = Bullish Gold
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