Jeremy Oles

Published On: 11/09/2024
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Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Upcoming economic events 12 September 2024
By Published On: 11/09/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsNAB Business Confidence———1
06:25🇪🇺2 pointsECB McCaul Speaks——————
07:25🇪🇺2 pointsECB’s Supervisory Board Member Jochnick Speaks——————
08:00🇺🇸2 pointsIEA Monthly Report——————
11:00🇨🇳2 pointsNew Loans (Aug)810.0B260.0B
12:15🇪🇺3 pointsDeposit Facility Rate (Sep)3.50%3.75%
12:15🇪🇺2 pointsECB Marginal Lending Facility———4.50%
12:15🇪🇺2 pointsECB Monetary Policy Statement——————
12:15🇪🇺3 pointsECB Interest Rate Decision (Sep)3.65%4.25%
12:30🇺🇸2 pointsContinuing Jobless Claims1,850K1,838K
12:30🇺🇸2 pointsCore PPI (MoM) (Aug)0.2%0.0%
12:30🇺🇸3 pointsInitial Jobless Claims227K227K
12:30🇺🇸3 pointsPPI (MoM) (Aug)0.1%0.1%
12:45🇪🇺3 pointsECB Press Conference——————
14:15🇪🇺2 pointsECB President Lagarde Speaks——————
16:00🇺🇸2 pointsWASDE Report——————
17:00🇺🇸3 points30-Year Bond Auction———4.314%
18:00🇺🇸2 pointsFederal Budget Balance (Aug)-285.7B-244.0B
20:30🇺🇸2 pointsFed’s Balance Sheet———7,113B
22:30🇳🇿2 pointsBusiness NZ PMI (Aug)———44.0

Summary of Upcoming Economic Events on September 12, 2024

  1. Australia NAB Business Confidence (01:30 UTC): Measures business sentiment in Australia. Previous: 1.
  2. ECB McCaul Speaks (06:25 UTC): Remarks from ECB Supervisory Board member McCaul, potentially offering insights into financial regulation or economic outlook.
  3. ECB’s Supervisory Board Member Jochnick Speaks (07:25 UTC): Additional ECB commentary from Kerstin Jochnick.
  4. US IEA Monthly Report (08:00 UTC): The International Energy Agency’s monthly report, offering insights on global energy markets.
  5. China New Loans (Aug) (11:00 UTC): Measures the total value of new loans issued by Chinese banks. Forecast: 810.0B, Previous: 260.0B.
  6. ECB Deposit Facility Rate (Sep) (12:15 UTC): Interest rate paid on overnight deposits at the ECB. Forecast: 3.50%, Previous: 3.75%.
  7. ECB Marginal Lending Facility (12:15 UTC): Interest rate for overnight loans to banks from the ECB. Previous: 4.50%.
  8. ECB Monetary Policy Statement (12:15 UTC): Statement providing details on the ECB’s economic outlook and monetary policy decisions.
  9. ECB Interest Rate Decision (Sep) (12:15 UTC): Decision on the key ECB interest rate. Forecast: 3.65%, Previous: 4.25%.
  10. US Continuing Jobless Claims (12:30 UTC): Number of people receiving unemployment benefits. Forecast: 1,850K, Previous: 1,838K.
  11. US Core PPI (MoM) (Aug) (12:30 UTC): Monthly change in producer prices, excluding food and energy. Forecast: +0.2%, Previous: 0.0%.
  12. US Initial Jobless Claims (12:30 UTC): Number of new unemployment claims. Forecast: 227K, Previous: 227K.
  13. US PPI (MoM) (Aug) (12:30 UTC): Monthly change in producer prices. Forecast: +0.1%, Previous: +0.1%.
  14. ECB Press Conference (12:45 UTC): ECB President Christine Lagarde discusses the rationale behind monetary policy decisions.
  15. US WASDE Report (16:00 UTC): USDA’s monthly report on global supply and demand for major agricultural products.
  16. US 30-Year Bond Auction (17:00 UTC): Auction of 30-year US Treasury bonds. Previous Yield: 4.314%.
  17. US Federal Budget Balance (Aug) (18:00 UTC): Monthly report on the US government’s fiscal deficit or surplus. Forecast: -285.7B, Previous: -244.0B.
  18. Fed’s Balance Sheet (20:30 UTC): Weekly update on the Federal Reserve’s assets and liabilities. Previous: 7,113B.
  19. New Zealand Business NZ PMI (Aug) (22:30 UTC): Measures activity in New Zealand’s manufacturing sector. Previous: 44.0.

Market Impact Analysis

  • Australia NAB Business Confidence: A higher reading indicates stronger business sentiment, which supports AUD. A decline could signal economic caution.
  • ECB Interest Rate Decision & Press Conference: A change in rates or signals on future policy could significantly impact EUR. Higher-than-expected rates might support EUR, while dovish comments from Lagarde could weigh on it.
  • US Jobless Claims & PPI: Higher jobless claims may signal a weakening labor market, potentially weakening USD. Stable or increasing PPI suggests rising inflation, which could influence Fed policy expectations and affect USD.
  • China New Loans: A significant increase supports economic growth and demand, which can impact global commodity markets and CNY.
  • US 30-Year Bond Auction: The auction result will affect bond yields and investor sentiment. Strong demand lowers yields, while weak demand may raise them.

Overall Impact

  • Volatility: High, particularly around the ECB rate decision and US inflation data.
  • Impact Score: 8/10, with strong potential for market movements across currencies, bonds, and commodities.
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