Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | NAB Business Confidence (Aug) | ——— | 1 |
| 09:00 |  | 2 points | EU Economic Forecasts | ——— | ——— |
| 11:00 |  | 2 points | OPEC Monthly Report | ——— | ——— |
| 17:00 | | 2 points | 3-Year Note Auction | ——— | 3.810% |
| 17:13 |  | 2 points | Exports (YoY) (Aug) | 6.5% | 7.0% |
| 17:13 | | 2 points | Imports (YoY) (Aug) | ——— | 7.2% |
| 17:13 | | 2 points | Trade Balance (USD) (Aug) | 83.90B | 84.65B |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | ——— | -7.400M |
Summary of Upcoming Economic Events on September 10, 2024
- Australia NAB Business Confidence (Aug) (01:30 UTC): Measures business sentiment in Australia. Previous: 1.
- EU Economic Forecasts (09:00 UTC): The European Commission’s economic outlook for the EU, providing insights into expected growth, inflation, and employment trends.
- US OPEC Monthly Report (11:00 UTC): A monthly report providing data on global oil production, demand, and supply trends, influencing oil prices and energy markets.
- US 3-Year Note Auction (17:00 UTC): Auction of 3-year US Treasury notes. Previous Yield: 3.810%.
- China Exports (YoY) (Aug) (17:13 UTC): Annual change in the value of Chinese exports. Forecast: +6.5%, Previous: +7.0%.
- China Imports (YoY) (Aug) (17:13 UTC): Annual change in the value of Chinese imports. Previous: +7.2%.
- China Trade Balance (USD) (Aug) (17:13 UTC): The difference between exports and imports. Forecast: $83.90B, Previous: $84.65B.
- US API Weekly Crude Oil Stock (20:30 UTC): Weekly change in US crude oil inventories. Previous: -7.400M.
Market Impact Analysis
- Australia NAB Business Confidence: A higher confidence reading suggests improved business sentiment, potentially supporting AUD. A lower reading may indicate caution among businesses.
- EU Economic Forecasts: The report could affect EUR depending on growth or inflation outlook revisions. Positive forecasts support EUR, while negative forecasts may lead to a more cautious stance by investors.
- US OPEC Monthly Report: Insights into global oil supply and demand will influence oil prices, impacting energy stocks and oil-related currencies. A bearish outlook could pressure oil prices, while bullish projections may support them.
- US 3-Year Note Auction: Treasury auctions affect bond yields. Strong demand will push yields lower, impacting USD and interest rate expectations.
- China Trade Data (Exports, Imports, Trade Balance): Strong export and import growth indicates robust economic activity, supporting CNY and commodity currencies like AUD. A shrinking trade balance may raise concerns about weakening demand.
- US API Weekly Crude Oil Stock: A large drawdown in crude stocks typically supports oil prices, while an increase in inventories could pressure prices downward.
Overall Impact
- Volatility: Moderate to high, with significant potential reactions in oil markets, bond yields, and commodity-linked currencies.
- Impact Score: 7/10, indicating a high potential for market movements.
