Upcoming economic events 14 January 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	Building Approvals (MoM) (Nov)	-3.6%	4.2%
07:35		2 points	ECB’s Lane Speaks	———-	———-
10:00		2 points	ZEW Economic Sentiment	———-	17.0
11:00		2 points	New Loans (Dec)	890.0B	580.0B
13:30		2 points	Core PPI (MoM) (Dec)	0.2%	0.2%
13:30		3 points	PPI (MoM) (Dec)	0.4%	0.4%
17:00		2 points	EIA Short-Term Energy Outlook	———-	———-
20:00		2 points	Federal Budget Balance (Dec)	-67.6B	-367.0B
20:05		2 points	FOMC Member Williams Speaks	———-	———-
21:30		2 points	API Weekly Crude Oil Stock	———-	-4.022M

Summary of Upcoming Economic Events on January 14, 2025

---

Australia (00:30 UTC)

1. Building Approvals (MoM) (Nov):
   • Forecast: -3.6%, Previous: 4.2%.
     Reflects activity in the construction sector, with a decline suggesting slower housing growth.

European Union (07:35 & 10:00 UTC)

2. ECB’s Lane Speaks:
   ECB Chief Economist Philip Lane may provide guidance on inflation or monetary policy, influencing the EUR.
3. ZEW Economic Sentiment:
   • Forecast: Unavailable, Previous: 17.0.
     A higher reading signals improved economic confidence among institutional investors, supporting the EUR.

China (11:00 UTC)

4. New Loans (Dec):
   • Forecast: 890.0B, Previous: 580.0B.
     Indicates credit growth and economic activity, with a higher figure reflecting stronger demand for financing.

United States (13:30–21:30 UTC)

5. Core PPI (MoM) (Dec):
   • Forecast: 0.2%, Previous: 0.2%.
     Excludes volatile items, providing a clearer view of producer price trends; influences inflation expectations.
6. PPI (MoM) (Dec):
   • Forecast: 0.4%, Previous: 0.4%.
     Indicates changes in producer-level prices; higher readings could pressure the Fed to maintain tighter monetary policy.
7. EIA Short-Term Energy Outlook (17:00 UTC):
   Offers insight into energy supply, demand, and price expectations, impacting crude oil markets.
8. Federal Budget Balance (Dec):
   • Forecast: -$67.6B, Previous: -$367.0B.
     A reduced deficit reflects fiscal improvement, which may positively influence the USD.
9. FOMC Member Williams Speaks (20:05 UTC):
   Commentary from a voting member of the Fed may signal monetary policy adjustments, influencing USD volatility.
10. API Weekly Crude Oil Stock (21:30 UTC):

• Previous: -4.022M.
  Reflects changes in U.S. crude inventories; a larger-than-expected draw supports crude prices.

Market Impact Analysis

1. AUD Impact:
   • Declining building approvals suggest weaker domestic construction, potentially weighing on the AUD.
2. EUR Impact:
   • Positive ZEW sentiment or hawkish comments from ECB’s Lane could strengthen the EUR.
3. CNY Impact:
   • A sharp rise in new loans supports the CNY, reflecting robust credit expansion and economic resilience.
4. USD Impact:
   • Stable PPI figures and a smaller budget deficit bolster the USD, while Fed commentary could further guide sentiment.
5. Crude Oil Market Impact:
   • Both the EIA report and API data will shape energy market expectations, with inventory draws supporting oil prices.

Volatility & Impact Score

• Volatility: Moderate to High (due to U.S. inflation and budget data).
• Impact Score: 7/10 – The combined influence of PPI, budget data, and ECB commentary could significantly move markets.