What are the important data wrt economics to be watched while trading on comodities that determines prices on exchanges?

These are the imp. data in general, a commodity trader has to watch out for.-

  1. Non farm payroll- Released first Friday of every month.

  2. Crude/ NG inventories.

  3. Announcements from central banks [The Fed, ECB etc.], especially on interest rates.

  4. Euro Dollar fluctuation, dollar index,

  5. The OPEC conference.

These are the ones i watch out for. There maybe more, though.

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Dileep, you need to be more specific, what commodity are you talking about?