Cryptocurrency analytics and forecastsUpcoming economic events 1 August 2024

Upcoming economic events 1 August 2024

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsTrade Balance (Jun)4.950B5.773B
01:45🇨🇳2 pointsCaixin Manufacturing PMI (Jul)51.651.8
08:00🇪🇺2 pointsECB Economic Bulletin——————
08:00🇪🇺2 pointsHCOB Eurozone Manufacturing PMI (Jul)45.645.8
09:00🇪🇺2 pointsUnemployment Rate (Jun)6.4%6.4%
12:30🇺🇸2 pointsContinuing Jobless Claims———1,851K
12:30🇺🇸3 pointsInitial Jobless Claims239K235K
12:30🇺🇸2 pointsNonfarm Productivity (QoQ) (Q2)1.5%0.2%
12:30🇺🇸2 pointsUnit Labor Costs (QoQ) (Q2)1.6%4.0%
13:45🇺🇸3 pointsS&P Global US Manufacturing PMI (Jul)49.551.6
14:00🇺🇸2 pointsConstruction Spending (MoM) (Jun)0.2%-0.1%
14:00🇺🇸2 pointsISM Manufacturing Employment (Jul)———49.3
14:00🇺🇸3 pointsISM Manufacturing PMI (Jul)49.048.5
14:00🇺🇸3 pointsISM Manufacturing Prices (Jul)52.552.1
16:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)2.8%2.8%
20:30🇺🇸2 pointsFed’s Balance Sheet———7,205B

Summary of Upcoming Economic Events on August 1, 2024

  1. Australia Trade Balance (Jun): Difference between exports and imports. Forecast: 4.950B, Previous: 5.773B.
  2. China Caixin Manufacturing PMI (Jul): Measures manufacturing activity. Forecast: 51.6, Previous: 51.8.
  3. ECB Economic Bulletin: Insights into economic developments in the Eurozone.
  4. HCOB Eurozone Manufacturing PMI (Jul): Measures activity in the Eurozone manufacturing sector. Forecast: 45.6, Previous: 45.8.
  5. Eurozone Unemployment Rate (Jun): Percentage of the workforce that is unemployed. Forecast: 6.4%, Previous: 6.4%.
  6. US Continuing Jobless Claims: Number of individuals receiving unemployment benefits. Previous: 1,851K.
  7. US Initial Jobless Claims: Number of new unemployment claims. Forecast: 239K, Previous: 235K.
  8. US Nonfarm Productivity (QoQ) (Q2): Measure of labor productivity. Forecast: +1.5%, Previous: +0.2%.
  9. US Unit Labor Costs (QoQ) (Q2): Measure of the average cost of labor per unit of output. Forecast: +1.6%, Previous: +4.0%.
  10. S&P Global US Manufacturing PMI (Jul): Measures activity in the US manufacturing sector. Forecast: 49.5, Previous: 51.6.
  11. US Construction Spending (MoM) (Jun): Monthly change in the total value of construction spending. Forecast: +0.2%, Previous: -0.1%.
  12. ISM Manufacturing Employment (Jul): Measures employment trends in the manufacturing sector. Previous: 49.3.
  13. ISM Manufacturing PMI (Jul): Measures overall activity in the manufacturing sector. Forecast: 49.0, Previous: 48.5.
  14. ISM Manufacturing Prices (Jul): Measures prices paid in the manufacturing sector. Forecast: 52.5, Previous: 52.1.
  15. Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3. Previous: 2.8%.
  16. Fed’s Balance Sheet: Weekly update on the Federal Reserve’s assets and liabilities. Previous: 7,205B.

Market Impact Analysis

  • Australia Trade Balance: A smaller surplus could indicate weaker export performance, potentially impacting the AUD.
  • China Caixin Manufacturing PMI: A reading above 50 indicates expansion; below 50 suggests contraction, impacting CNY and global markets.
  • Eurozone Manufacturing PMI and Unemployment Rate: Weak manufacturing PMI suggests sector struggles, impacting EUR; stable unemployment rate may support market confidence.
  • US Jobless Claims: Lower claims suggest a strong labor market, supporting USD; higher claims indicate potential economic issues.
  • US Nonfarm Productivity and Unit Labor Costs: Rising productivity and stable labor costs support economic growth and USD; higher labor costs may indicate inflationary pressures.
  • US Manufacturing PMIs: A PMI below 50 indicates contraction; above 50 indicates expansion, impacting USD and equity markets.
  • US Construction Spending: Positive growth supports economic outlook and related sectors.
  • Atlanta Fed GDPNow: Provides a real-time estimate of economic growth; stable or increasing estimates support market confidence.
  • Fed’s Balance Sheet: Changes in the balance sheet can indicate shifts in monetary policy, impacting USD and market sentiment.

Overall Impact

  • Volatility: High, with significant potential reactions in equity, bond, currency, and commodity markets.
  • Impact Score: 7/10, indicating a high potential for market movements.

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