May 8 - May 14, 2023
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Upcoming Economic Events

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Time Currency Event Impact Actual Forecast Previous
May 8, 10:00 AM USD Fed Chair Powell Speech High - - -
May 9, 8:30 AM USD Consumer Price Index (CPI) YoY High - 3.4% 3.5%
May 9, 10:00 AM USD Core CPI YoY High - 3.6% 3.8%
May 10, 2:00 PM USD Federal Budget Balance Medium - -$225.0B -$236.0B
May 10, 8:30 AM USD Initial Jobless Claims Medium - 215K 210K
May 10, 10:30 AM GBP GDP Growth Rate QoQ Medium 0.2% 0.1% 0.0%
May 11, 2:00 AM CNY Inflation Rate YoY Medium 0.3% 0.4% 0.2%
May 11, 7:00 AM GBP BOE Interest Rate Decision High - 5.25% 5.25%
May 11, 8:30 AM USD Producer Price Index (PPI) MoM Medium - 0.3% 0.2%
May 12, 10:00 AM USD UoM Consumer Sentiment Low - 77.2 77.0
High Impact
Medium Impact
Low Impact
Better than Expected
Worse than Expected

Understanding the Economic Calendar

The Economic Calendar tracks important economic events and indicators that can significantly impact financial markets. Here's what you need to know:

  • High Impact Events (Red): These events often cause significant market volatility. Examples include central bank decisions, employment reports, and inflation data.
  • Medium Impact Events (Orange): These events can cause moderate market movements. Examples include GDP releases and manufacturing data.
  • Low Impact Events (Green): These events typically have minimal impact on markets. Examples include minor economic surveys and lower-tier indicators.

Traders and investors use the economic calendar to anticipate market movements, adjust their positions, and manage risk around important economic releases.