Jeremy Oles

Published On: 15/08/2024
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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 16 August 2024
By Published On: 15/08/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
02:30🇳🇿2 pointsRBNZ Gov Orr Speaks——————
04:30🇯🇵2 pointsTertiary Industry Activity Index (MoM)0.3%-0.4%
09:00🇪🇺2 pointsTrade Balance (Jun)13.3B13.9B
12:30🇺🇸2 pointsBuilding Permits (Jul)1.430M1.454M
12:30🇺🇸2 pointsHousing Starts (Jul)1.340M1.353M
12:30🇺🇸2 pointsHousing Starts (MoM) (Jul)———3.0%
14:00🇺🇸2 pointsMichigan 1-Year Inflation Expectations (Aug)———2.9%
14:00🇺🇸2 pointsMichigan 5-Year Inflation Expectations (Aug)———3.0%
14:00🇺🇸2 pointsMichigan Consumer Expectations (Aug)———68.8
14:00🇺🇸2 pointsMichigan Consumer Sentiment (Aug)66.766.4
14:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)——————
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———485
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———588
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———222.3K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———238.7K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———12.6K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———34.0K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———-40.2K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———-11.4K
19:30🇪🇺2 pointsCFTC EUR speculative net positions———33.6K

Summary of Upcoming Economic Events on August 16, 2024

  1. New Zealand RBNZ Gov Orr Speaks: Remarks from the Reserve Bank of New Zealand Governor, providing insights into monetary policy and economic outlook.
  2. Japan Tertiary Industry Activity Index (MoM) (Jun): Monthly change in Japan’s service sector activity. Forecast: +0.3%, Previous: -0.4%.
  3. Eurozone Trade Balance (Jun): Difference between exports and imports in the Eurozone. Forecast: 13.3B, Previous: 13.9B.
  4. US Building Permits (Jul): Number of new building permits issued. Forecast: 1.430M, Previous: 1.454M.
  5. US Housing Starts (Jul): Number of new residential construction projects. Forecast: 1.340M, Previous: 1.353M.
  6. US Housing Starts (MoM) (Jul): Monthly change in housing starts. Previous: +3.0%.
  7. US Michigan 1-Year Inflation Expectations (Aug): Consumers’ expectations for inflation over the next year. Previous: 2.9%.
  8. US Michigan 5-Year Inflation Expectations (Aug): Consumers’ expectations for inflation over the next five years. Previous: 3.0%.
  9. US Michigan Consumer Expectations (Aug): Consumers’ outlook on future economic conditions. Previous: 68.8.
  10. US Michigan Consumer Sentiment (Aug): Overall measure of consumer confidence. Forecast: 66.7, Previous: 66.4.
  11. US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3.
  12. US Baker Hughes Oil Rig Count: Weekly count of active oil rigs in the US. Previous: 485.
  13. US Baker Hughes Total Rig Count: Weekly count of total active rigs in the US. Previous: 588.
  14. CFTC Speculative Net Positions (Crude Oil, Gold, Nasdaq 100, S&P 500, AUD, JPY, EUR): Weekly data on speculative positions in various commodities and currencies.

Market Impact Analysis

  • RBNZ Gov Orr Speaks: Insights from the RBNZ Governor could impact NZD, particularly if new monetary policy directions are hinted.
  • Japan Tertiary Industry Activity: An increase suggests growth in Japan’s service sector, supporting JPY; a decrease indicates potential economic slowing.
  • Eurozone Trade Balance: A surplus supports EUR; a lower-than-expected surplus may raise concerns about Eurozone exports.
  • US Building Permits and Housing Starts: These indicators are vital for the housing market; positive figures support USD and housing-related equities, while negative figures may indicate a slowing market.
  • Michigan Consumer Sentiment and Inflation Expectations: Consumer confidence and inflation expectations influence spending and monetary policy outlook, impacting USD.
  • Baker Hughes Rig Counts: Changes in rig counts can influence oil supply expectations, impacting oil prices.
  • CFTC Speculative Net Positions: Reflects market sentiment; significant shifts could indicate potential volatility in commodities and currency markets.

Overall Impact

  • Volatility: Moderate, with potential reactions in equity, bond, currency, and commodity markets.
  • Impact Score: 6/10, indicating a moderate potential for market movements.
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