Economic calendar December 2
Australia GDP (Q / Q)
Fact - 3.3% Forecast - 2.6%
Pre - - 7.0%
Gross Domestic Product (GDP) is an overall measure of economic activity and is a key indicator of the health of an economy. The quarterly dynamics of GDP percent shows the growth rate of the economy as a whole.
Readings higher than expected are seen as positive / bullish direction for the AUD, while readings below expected indicate negative / bearish market for the AUD.
ADP Nonfarm Employment Change (Nov)
Fact - 365K Forecast - 410K
Prev - 365K
The ADR National Employment Report reflects changes in the number of jobs in the nonfarm sector and is based on data from about 400,000 business sources. This report is published 2 days before the release of government statistics on employment and serves as a good benchmark for forecasting changes in the number of people employed in the US nonfarm sector. This indicator can cause high volatility in the market.
The indicator above the forecast is a positive indicator for the USD, while the data below the forecast negatively affects the rate.
Speech by the head of the US Federal Reserve System Mr. Powell
Jerome Powell, Head of the US Federal Reserve (Feb 2018 - Feb 2022), will give an overview of the economic outlook before the Joint Economic Commission in Washington DC. The report will be followed by a Q&A session, during which increased market volatility may be observed.
US crude oil reserves
Fact - 0.754M Forecast - 0.127M
Prev - 0.768M
The Energy Information Agency's (EIA) crude oil inventories is quantifying the weekly increase in barrels of commercial oil held by US firms. The level of inventories affects the price of petroleum products, which in turn affects inflation and other economic forces.To return
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