Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | NAB Business Confidence (Jul) | ——— | 4 |
| 09:00 |  | 2 points | New Loans (Jul) | 1,280.0B | 2,130.0B |
| 11:00 |  | 2 points | OPEC Monthly Report | ——— | ——— |
| 15:00 | | 2 points | NY Fed 1-Year Consumer Inflation Expectations (Jul) | ——— | 3.0% |
| 16:00 | | 2 points | WASDE Report | ——— | ——— |
| 18:00 | | 2 points | Federal Budget Balance (Jul) | -254.3B | -66.0B |
Summary of Upcoming Economic Events on August 12, 2024
- Australia NAB Business Confidence (Jul): Measures sentiment among Australian businesses. Previous: 4.
- China New Loans (Jul): Total value of new loans issued. Forecast: 1,280.0B, Previous: 2,130.0B.
- US OPEC Monthly Report: Provides insights on global oil supply, demand, and market conditions.
- US NY Fed 1-Year Consumer Inflation Expectations (Jul): Measures consumers’ expectations for inflation over the next year. Previous: 3.0%.
- US WASDE Report: Monthly report on World Agricultural Supply and Demand Estimates, impacting agricultural markets.
- US Federal Budget Balance (Jul): Difference between government revenue and expenditure. Forecast: -254.3B, Previous: -66.0B.
Market Impact Analysis
- Australia NAB Business Confidence: Higher confidence supports AUD; lower confidence may indicate business caution.
- China New Loans: A significant decrease in new loans could signal tightening credit conditions, potentially impacting CNY and economic outlook.
- US OPEC Monthly Report: Insights on oil supply and demand can influence oil prices and energy sector stocks.
- US NY Fed Consumer Inflation Expectations: Rising expectations could signal future inflationary pressures, impacting USD and monetary policy outlook.
- US WASDE Report: Influences agricultural markets, particularly commodities like wheat, corn, and soybeans.
- US Federal Budget Balance: A larger deficit could raise concerns about government spending and impact USD.
Overall Impact
- Volatility: Moderate, with potential reactions in equity, bond, commodity, and currency markets.
- Impact Score: 6/10, indicating a moderate potential for market movements.
