To The Moon

Economic Calendar

Economic Calendar starting 17 Oct 2022.

Here are some important considerations in lieu of the coming economic calendar:

• China's GDP is important as it reflect the status of the global recovery. Thus, the outlook of China's GDP can be taken as a view of the global recovery. If China's outlook turns bearish, this can be a preview of the global market especially with China being the global factory.
• Building permits (Sep) - may turn negative due to the falling housing sentiments.
• Crude oil inventories - can be seen as a forward indicator of market demand. The producer's consumption of oil inventories is based on their "anticipated" demand. Should the consumption be lesser than expected, it is a bearish indicator for the coming consumotion.
• Initial Jobless claims - this is a "forward" indicator for recession and thus, it is something that we should pay attention to. This data point will add to Fed's interest rate hike considerations.
• Philadelphia Fed Manufacturing Index (Oct). From investing dot com below:

The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.

@TigerStars