Cryptocurrency analytics and forecastsUpcoming economic events 13 September 2024

Upcoming economic events 13 September 2024

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
04:30🇯🇵2 pointsIndustrial Production (MoM) (Jul)2.8%-4.2%
09:00🇪🇺2 pointsIndustrial Production (MoM) (Jul)-0.6%-0.1%
10:00🇪🇺2 pointsEurogroup Meetings——————
11:00🇨🇳2 pointsNew Loans (Aug)810.0B260.0B
12:30🇺🇸2 pointsExport Price Index (MoM) (Aug)-0.1%0.7%
12:30🇺🇸2 pointsImport Price Index (MoM) (Aug)-0.2%0.1%
14:00🇺🇸2 pointsMichigan 1-Year Inflation Expectations (Sep)———2.8%
14:00🇺🇸2 pointsMichigan 5-Year Inflation Expectations (Sep)———3.0%
14:00🇺🇸2 pointsMichigan Consumer Expectations (Sep)71.072.1
14:00🇺🇸2 pointsMichigan Consumer Sentiment (Sep)68.367.9
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count——————
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count——————
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———177.0K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———287.6K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———26.0K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———-48.8K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———-7.9K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———41.1K
19:30🇪🇺2 pointsCFTC EUR speculative net positions———100.0K

Summary of Upcoming Economic Events on September 13, 2024

  1. Japan Industrial Production (MoM) (Jul) (04:30 UTC): Measures monthly change in Japan’s industrial output. Forecast: +2.8%, Previous: -4.2%.
  2. Eurozone Industrial Production (MoM) (Jul) (09:00 UTC): Monthly change in industrial production within the Eurozone. Forecast: -0.6%, Previous: -0.1%.
  3. Eurogroup Meetings (10:00 UTC): Eurozone finance ministers discuss economic policies and stability.
  4. China New Loans (Aug) (11:00 UTC): Measures the value of new loans issued by Chinese banks. Forecast: 810.0B, Previous: 260.0B.
  5. US Export Price Index (MoM) (Aug) (12:30 UTC): Monthly change in the prices of US exports. Forecast: -0.1%, Previous: +0.7%.
  6. US Import Price Index (MoM) (Aug) (12:30 UTC): Monthly change in the prices of US imports. Forecast: -0.2%, Previous: +0.1%.
  7. US Michigan 1-Year Inflation Expectations (Sep) (14:00 UTC): Consumers’ expectations for inflation over the next year. Previous: 2.8%.
  8. US Michigan 5-Year Inflation Expectations (Sep) (14:00 UTC): Consumers’ expectations for inflation over the next five years. Previous: 3.0%.
  9. US Michigan Consumer Expectations (Sep) (14:00 UTC): Measures consumers’ outlook on future economic conditions. Forecast: 71.0, Previous: 72.1.
  10. US Michigan Consumer Sentiment (Sep) (14:00 UTC): Measures overall consumer confidence. Forecast: 68.3, Previous: 67.9.
  11. US Baker Hughes Oil Rig Count (17:00 UTC): Weekly count of active oil rigs in the US.
  12. US Baker Hughes Total Rig Count (17:00 UTC): Weekly count of active rigs in the US, including both oil and gas rigs.
  13. CFTC Speculative Net Positions (19:30 UTC): Weekly data on speculative positions in various assets, including crude oil, gold, Nasdaq 100, S&P 500, AUD, JPY, and EUR.

Market Impact Analysis

  • Japan Industrial Production: A recovery in industrial production indicates economic strengthening, which can support JPY. A weaker figure would indicate ongoing challenges.
  • Eurozone Industrial Production: A decline in production could signal economic slowing, which may weaken EUR, especially if industrial activity is lower than expected.
  • China New Loans: A sharp rise in new loans would suggest increased economic activity and demand, supporting CNY and commodity-linked currencies like AUD.
  • US Export and Import Price Indexes: Decreasing export and import prices can signal lower inflationary pressures. Higher-than-expected numbers may suggest stronger price growth, influencing USD and inflation expectations.
  • US Michigan Consumer Sentiment: Positive sentiment supports USD by indicating strong consumer confidence, while lower-than-expected sentiment could signal potential economic weakness.
  • CFTC Speculative Net Positions: Shifts in speculative positions can signal market sentiment, particularly in commodities, currencies, and equity indices. Significant changes in positioning could indicate upcoming volatility.

Overall Impact

  • Volatility: Moderate to high, with particular focus on industrial production data from Japan and the Eurozone, as well as US inflation expectations and consumer sentiment.
  • Impact Score: 7/10, indicating a strong potential for market movements across currencies, commodities, and equities.

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