Cryptocurrency analytics and forecastsUpcoming economic events 1 October 2024

Upcoming economic events 1 October 2024

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsBuilding Approvals (MoM) (Aug)-4.3%10.4%
01:30🇦🇺2 pointsRetail Sales (MoM) (Aug)0.4%0.0%
07:00🇪🇺2 pointsECB’s De Guindos Speaks——————
08:00🇪🇺2 pointsHCOB Eurozone Manufacturing PMI (Sep)44.845.8
09:00🇪🇺2 pointsCore CPI (YoY) (Sep) 2.7%2.8%
09:00🇪🇺2 pointsCPI (MoM) (Sep)———0.1%
09:00🇪🇺3 pointsCPI (YoY) (Sep)1.9%2.2%
13:45🇺🇸3 pointsS&P Global US Manufacturing PMI (Sep)47.047.9
14:00🇺🇸2 pointsConstruction Spending (MoM) (Aug)0.2%-0.3%
14:00🇺🇸2 pointsISM Manufacturing Employment (Sep)———46.0
14:00🇺🇸3 pointsISM Manufacturing PMI (Sep)47.647.2
14:00🇺🇸3 pointsISM Manufacturing Prices (Sep)53.754.0
14:00🇺🇸3 pointsJOLTs Job Openings (Aug)7.640M7.673M
15:00🇺🇸2 pointsFOMC Member Bostic Speaks——————
15:30🇪🇺2 pointsECB’s Schnabel Speaks——————
16:00🇺🇸2 pointsAtlanta Fed GDPNow (Q3)3.1%3.1%
20:30🇺🇸2 pointsAPI Weekly Crude Oil Stock———-4.339M
22:15🇺🇸2 pointsFOMC Member Bostic Speaks——————
23:50🇯🇵2 pointsTankan All Big Industry CAPEX (Q3)11.9%11.1%
23:50🇯🇵2 pointsTankan All Big Industry CAPEX (Q3)———11.1%
23:50🇯🇵2 pointsTankan Big Manufacturing Outlook Index (Q3)———14
23:50🇯🇵2 pointsTankan Big Manufacturing Outlook Index (Q3)———14
23:50🇯🇵2 pointsTankan Large Manufacturers Index (Q3)1313
23:50🇯🇵2 pointsTankan Large Manufacturers Index (Q3)1213
23:50🇯🇵2 pointsTankan Large Non-Manufacturers Index (Q3)3233
23:50🇯🇵2 pointsTankan Large Non-Manufacturers Index (Q3)3233
Summary of Upcoming Economic Events on October 1, 2024
Australia Building Approvals (MoM) (Aug) (01:30 UTC): Monthly change in the number of new building approvals. Forecast: -4.3%, Previous: +10.4%.
Australia Retail Sales (MoM) (Aug) (01:30 UTC): Monthly change in retail sales, a key indicator of consumer spending. Forecast: +0.4%, Previous: 0.0%.
ECB’s De Guindos Speaks (07:00 UTC): Remarks from ECB Vice President Luis de Guindos, likely discussing Eurozone economic conditions or policy.
HCOB Eurozone Manufacturing PMI (Sep) (08:00 UTC): Measures the performance of the Eurozone’s manufacturing sector. Forecast: 44.8, Previous: 45.8 (a reading below 50 indicates contraction).
Eurozone Core CPI (YoY) (Sep) (09:00 UTC): Year-over-year change in the Eurozone’s core inflation rate. Forecast: 2.7%, Previous: 2.8%.
Eurozone CPI (MoM) (Sep) (09:00 UTC): Monthly change in the overall Consumer Price Index. Previous: +0.1%.
Eurozone CPI (YoY) (Sep) (09:00 UTC): Year-over-year inflation for the Eurozone. Forecast: 1.9%, Previous: 2.2%.
US S&P Global Manufacturing PMI (Sep) (13:45 UTC): Indicator of US manufacturing sector health. Forecast: 47.0, Previous: 47.9.
US Construction Spending (MoM) (Aug) (14:00 UTC): Monthly change in construction spending. Forecast: +0.2%, Previous: -0.3%.
US ISM Manufacturing Employment (Sep) (14:00 UTC): Employment component of the ISM manufacturing index. Previous: 46.0.
US ISM Manufacturing PMI (Sep) (14:00 UTC): Key gauge of the US manufacturing sector’s health. Forecast: 47.6, Previous: 47.2.
US ISM Manufacturing Prices (Sep) (14:00 UTC): Measures price trends in the manufacturing sector. Forecast: 53.7, Previous: 54.0.
US JOLTs Job Openings (Aug) (14:00 UTC): Number of job openings across the US. Forecast: 7.640M, Previous: 7.673M.
FOMC Member Bostic Speaks (15:00 & 22:15 UTC): Remarks from Raphael Bostic, President of the Atlanta Fed, offering insights into US economic and monetary policy.
ECB’s Schnabel Speaks (15:30 UTC): Comments from ECB Board Member Isabel Schnabel, likely discussing inflation or Eurozone economic conditions.
Atlanta Fed GDPNow (Q3) (16:00 UTC): Real-time estimate of US GDP growth for Q3. Previous: +3.1%.
API Weekly Crude Oil Stock (20:30 UTC): Weekly data on US crude oil inventories. Previous: -4.339M.
Japan Tankan Indices (23:50 UTC): Multiple key sentiment indices for Japan’s large manufacturers and non-manufacturers:
Tankan All Big Industry CAPEX (Q3): Forecast: +11.9%, Previous: +11.1%.
Tankan Big Manufacturing Outlook Index (Q3): Previous: 14.
Tankan Large Manufacturers Index (Q3): Forecast: 13, Previous: 13.
Tankan Large Non-Manufacturers Index (Q3): Forecast: 32, Previous: 33.
Market Impact Analysis
Australia Building Approvals & Retail Sales: Weak building approvals may signal a cooling housing market, while retail sales provide insight into consumer spending. Both could influence AUD.
Eurozone CPI & Manufacturing PMI: Lower-than-expected inflation and weak manufacturing PMI could pressure EUR, signaling a slowing economy and potentially reducing expectations for further ECB tightening.
US ISM Manufacturing & JOLTs Job Openings: Weaker PMI and job data could indicate a slowing economy, potentially impacting USD negatively. However, any resilience in job openings would suggest labor market strength, supporting USD.
API Crude Oil Stock: A decline in crude oil inventories typically pushes oil prices higher, influencing energy markets and commodity currencies like CAD.
Japan Tankan Indices: Sentiment indices for manufacturers and non-manufacturers will provide key insights into business confidence in Japan, potentially influencing JPY based on economic optimism or pessimism.
Overall Impact
Volatility: Moderate to high, with key US and Eurozone economic data potentially driving currency and equity market movements.
Impact Score: 7/10, as inflation data, manufacturing indicators, and speeches from central bank officials are expected to influence sentiment in key markets.

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