USD Economic Data Preview – April 29
Today, the US economic calendar has several important data releases that can create strong movement in the market. Traders should be ready for high volatility, especially during the US session.
⏰ 4:30am
$BTC API Weekly Statistical Bulletin**
This report gives an early idea about crude oil demand and supply. It can impact oil prices.
⏰ 8:30pm – Main Data Releases
$ETH Housing Sector:
* **Building Permits** → Forecast: **1.39M** | Previous: **1.38M (February revised)**
* **Housing Starts** → Forecast: **1.38M** | Previous: **1.49M (February data)**
These numbers show how strong the real estate market is. Building permits are expected to increase slightly, but housing starts may fall.
**Manufacturing Sector:**
* **Core Durable Goods Orders m/m** → Forecast: **0.4%** | Previous: **0.9%**
* **Durable Goods Orders m/m** → Forecast: **0.4%** | Previous: **-1.3%**
Core data shows a possible slowdown, but overall durable goods may recover from last month’s drop.
**Trade Data:**
$BNB * **Goods Trade Balance** → Forecast: **-87.5B** | Previous: **-83.5B**
A bigger trade deficit can be negative for the US dollar.
**Inventory Data:**
* **Prelim Wholesale Inventories m/m** → Forecast: **0.4%** | Previous: **0.2%**
This shows how much stock businesses are holding and gives hints about future demand.
**📊 February Reference Data:**
* **Building Permits (Feb)** → **1.38M**
* **Housing Starts (Feb)** → **1.49M**
**⏰ 10:30pm**
* **Crude Oil Inventories** → Forecast: **0.3M** | Previous: **1.9M**
Lower inventories can push oil prices higher.
**Overall View:**
Today can be a high-volatility day for USD. Housing, manufacturing, trade, and oil data together can strongly move the market, especially after 8:30pm.
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