Jeremy Oles

Published On: 13/08/2024
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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 14 August 2024
By Published On: 13/08/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
02:00🇳🇿3 pointsRBNZ Interest Rate Decision5.50%5.50%
02:00🇳🇿2 pointsRBNZ Monetary Policy Statement——————
02:00🇳🇿2 pointsRBNZ Rate Statement——————
03:00🇳🇿2 pointsRBNZ Press Conference——————
09:00🇪🇺2 pointsGDP (YoY) (Q2)0.6%0.4%
09:00🇪🇺2 pointsGDP (QoQ) (Q2)0.3%0.3%
09:00🇪🇺2 pointsIndustrial Production (MoM) (Jun)0.4%-0.6%
12:30🇺🇸2 pointsCore CPI (YoY) (Jul)3.2%3.3%
12:30🇺🇸3 pointsCore CPI (MoM) (Jul)0.2%0.1%
12:30🇺🇸3 pointsCPI (MoM) (Jul)0.2%-0.1%
12:30🇺🇸3 pointsCPI (YoY) (Jul)3.0%3.0%
14:30🇺🇸3 pointsCrude Oil Inventories———-3.728M
14:30🇺🇸2 pointsCushing Crude Oil Inventories———0.579M
18:00🇳🇿2 pointsRBNZ Gov Orr Speaks——————
22:45🇳🇿2 pointsElectronic Card Retail Sales (MoM) (Jul)———-0.6%
23:10🇳🇿2 pointsRBNZ Gov Orr Speaks——————
23:50🇯🇵2 pointsGDP (YoY) (Q2)2.1%-1.8%
23:50🇯🇵3 pointsGDP (QoQ) (Q2)0.6%-0.5%
23:50🇯🇵2 pointsGDP Price Index (YoY) (Q2)2.6%3.4%

Summary of Upcoming Economic Events on August 14, 2024

  1. New Zealand RBNZ Interest Rate Decision: The Reserve Bank of New Zealand’s decision on the benchmark interest rate. Forecast: 5.50%, Previous: 5.50%.
  2. New Zealand RBNZ Monetary Policy Statement: Provides insights into the RBNZ’s economic outlook and future policy.
  3. New Zealand RBNZ Rate Statement: Statement accompanying the interest rate decision, offering additional context on the RBNZ’s policy stance.
  4. New Zealand RBNZ Press Conference: Further insights and explanations on the RBNZ’s monetary policy decisions.
  5. Eurozone GDP (YoY) (Q2): Annual growth rate of the Eurozone’s gross domestic product. Forecast: +0.6%, Previous: +0.4%.
  6. Eurozone GDP (QoQ) (Q2): Quarterly growth rate of the Eurozone’s GDP. Forecast: +0.3%, Previous: +0.3%.
  7. Eurozone Industrial Production (MoM) (Jun): Monthly change in the output of the industrial sector. Forecast: +0.4%, Previous: -0.6%.
  8. US Core CPI (YoY) (Jul): Annual change in the core consumer price index, excluding food and energy. Forecast: +3.2%, Previous: +3.3%.
  9. US Core CPI (MoM) (Jul): Monthly change in the core consumer price index. Forecast: +0.2%, Previous: +0.1%.
  10. US CPI (MoM) (Jul): Monthly change in the overall consumer price index. Forecast: +0.2%, Previous: -0.1%.
  11. US CPI (YoY) (Jul): Annual change in the overall consumer price index. Forecast: +3.0%, Previous: +3.0%.
  12. US Crude Oil Inventories: Weekly change in the number of barrels of crude oil held in inventory by commercial firms. Previous: -3.728M.
  13. US Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: +0.579M.
  14. New Zealand RBNZ Governor Orr Speaks: Remarks from the RBNZ Governor providing insights into monetary policy and economic conditions.
  15. New Zealand Electronic Card Retail Sales (MoM) (Jul): Monthly change in retail sales via electronic cards. Previous: -0.6%.
  16. Japan GDP (YoY) (Q2): Annual growth rate of Japan’s gross domestic product. Forecast: +2.1%, Previous: -1.8%.
  17. Japan GDP (QoQ) (Q2): Quarterly growth rate of Japan’s GDP. Forecast: +0.6%, Previous: -0.5%.
  18. Japan GDP Price Index (YoY) (Q2): Annual change in the price index for GDP. Forecast: +2.6%, Previous: +3.4%.

Market Impact Analysis

  • New Zealand RBNZ Decisions and Statements: A steady interest rate may stabilize NZD, but the monetary policy statement and press conference could provide insights into future policy, impacting the market’s expectations.
  • Eurozone GDP and Industrial Production: Positive GDP and industrial production figures support EUR; weaker data could raise concerns about Eurozone economic health.
  • US CPI Data: CPI data is crucial for inflation outlooks; higher-than-expected figures could increase expectations for Fed tightening, supporting USD.
  • US Crude Oil Inventories: A decrease in inventories generally supports oil prices, while an increase could pressure prices downwards.
  • Japan GDP Data: Strong GDP growth supports JPY, while weaker-than-expected growth could raise concerns about Japan’s economic recovery.

Overall Impact

  • Volatility: High, with significant potential reactions in equity, bond, currency, and commodity markets.
  • Impact Score: 8/10, indicating a high potential for market movements.
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