Upcoming economic events 13 December 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
04:30		2 points	Industrial Production (MoM) (Oct)	3.0%	1.6%
10:00		2 points	New Loans (Nov)	950.0B	500.0B
10:00		2 points	Industrial Production (MoM) (Oct)	0.0%	-2.0%
13:30		2 points	Export Price Index (MoM) (Nov)	-0.2%	0.8%
13:30		2 points	Import Price Index (MoM) (Nov)	-0.2%	0.3%
18:00		2 points	U.S. Baker Hughes Oil Rig Count	———	482
18:00		2 points	U.S. Baker Hughes Total Rig Count	———	589
20:30		2 points	CFTC Crude Oil speculative net positions	———	201.5K
20:30		2 points	CFTC Gold speculative net positions	———	259.7K
20:30		2 points	CFTC Nasdaq 100 speculative net positions	———	29.7K
20:30		2 points	CFTC S&P 500 speculative net positions	———	-108.6K
20:30		2 points	CFTC AUD speculative net positions	———	21.4K
20:30		2 points	CFTC JPY speculative net positions	———	2.3K
20:30		2 points	CFTC EUR speculative net positions	———	-57.5K

Summary of Upcoming Economic Events on December 13, 2024

1. Japan Industrial Production (MoM) (Oct) (04:30 UTC):
   • Forecast: 3.0%, Previous: 1.6%.
     Measures output across Japan’s industrial sectors. Strong growth would signal robust manufacturing activity, supporting the JPY. Weak data would weigh on the currency.
2. China New Loans (Nov) (10:00 UTC):
   • Forecast: 950.0B, Previous: 500.0B.
     Reflects lending activity by Chinese banks. Higher lending indicates strong credit demand and economic activity, supporting the CNY and boosting global risk sentiment. Weak data would suggest caution in the economy.
3. Eurozone Industrial Production (MoM) (Oct) (10:00 UTC):
   • Forecast: 0.0%, Previous: -2.0%.
     Improvement would signal stabilization in manufacturing, supporting the EUR. Continued weakness would weigh on the currency.
4. US Price Indices (MoM) (Nov) (13:30 UTC):
   • Export Price Index: Forecast: -0.2%, Previous: 0.8%.
   • Import Price Index: Forecast: -0.2%, Previous: 0.3%.
     Declining prices indicate easing inflationary pressures in trade. Strong data would support the USD, while weak figures could dampen its momentum.
5. US Baker Hughes Rig Counts (18:00 UTC):
   • Oil Rig Count: Previous: 482.
   • Total Rig Count: Previous: 589.
     Increasing rig counts suggest rising supply, potentially pressuring oil prices. Declines signal tightening supply, supporting prices and commodity-linked currencies.
6. CFTC Speculative Net Positions (20:30 UTC):
   Tracks speculative sentiment in major asset classes, including crude oil, gold, equity indices, and key currencies. Shifts indicate changing market sentiment and positioning trends.

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Market Impact Analysis

• Japan Industrial Production:
  Strong growth would support the JPY by signaling industrial recovery. Weak data could suggest economic challenges, weighing on the currency.
• China New Loans:
  Higher lending activity would support the CNY, indicating robust economic demand and boosting global risk sentiment. Weak lending would dampen growth outlooks for China and its trading partners.
• Eurozone Industrial Production:
  Stabilization in production would support the EUR by signaling resilience in the manufacturing sector. Continued weakness would weigh on the currency.
• US Price Indices:
  Declining export and import prices would signal easing trade-related inflationary pressures, potentially tempering USD strength. Strong figures would support the USD by indicating resilient pricing power.
• Oil & Commodity Sentiment:
  Rig count trends will influence crude oil prices and commodity-linked currencies like CAD and AUD. Increasing supply could weigh on prices, while tightening supply would support them.

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Overall Impact

Volatility:
Moderate, with notable influences from industrial production data in Japan and the Eurozone, Chinese lending trends, and US trade inflation metrics.

Impact Score: 6/10, driven by industrial and trade data shaping sentiment for JPY, EUR, CNY, and USD movements.