Get Free Airdrops and Crypto boxes
Read us in Google News
Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 02:30 |  | 2 points | RBNZ Gov Orr Speaks | ——— | ——— |
| 04:30 |  | 2 points | Tertiary Industry Activity Index (MoM) | 0.3% | -0.4% |
| 09:00 |  | 2 points | Trade Balance (Jun) | 13.3B | 13.9B |
| 12:30 |  | 2 points | Building Permits (Jul) | 1.430M | 1.454M |
| 12:30 | | 2 points | Housing Starts (Jul) | 1.340M | 1.353M |
| 12:30 | | 2 points | Housing Starts (MoM) (Jul) | ——— | 3.0% |
| 14:00 | | 2 points | Michigan 1-Year Inflation Expectations (Aug) | ——— | 2.9% |
| 14:00 | | 2 points | Michigan 5-Year Inflation Expectations (Aug) | ——— | 3.0% |
| 14:00 | | 2 points | Michigan Consumer Expectations (Aug) | ——— | 68.8 |
| 14:00 | | 2 points | Michigan Consumer Sentiment (Aug) | 66.7 | 66.4 |
| 14:30 | | 2 points | Atlanta Fed GDPNow (Q3) | ——— | ——— |
| 17:00 | | 2 points | U.S. Baker Hughes Oil Rig Count | ——— | 485 |
| 17:00 | | 2 points | U.S. Baker Hughes Total Rig Count | ——— | 588 |
| 19:30 | | 2 points | CFTC Crude Oil speculative net positions | ——— | 222.3K |
| 19:30 | | 2 points | CFTC Gold speculative net positions | ——— | 238.7K |
| 19:30 | | 2 points | CFTC Nasdaq 100 speculative net positions | ——— | 12.6K |
| 19:30 | | 2 points | CFTC S&P 500 speculative net positions | ——— | 34.0K |
| 19:30 |  | 2 points | CFTC AUD speculative net positions | ——— | -40.2K |
| 19:30 | | 2 points | CFTC JPY speculative net positions | ——— | -11.4K |
| 19:30 | | 2 points | CFTC EUR speculative net positions | ——— | 33.6K |
Summary of Upcoming Economic Events on August 16, 2024
- New Zealand RBNZ Gov Orr Speaks: Remarks from the Reserve Bank of New Zealand Governor, providing insights into monetary policy and economic outlook.
- Japan Tertiary Industry Activity Index (MoM) (Jun): Monthly change in Japan’s service sector activity. Forecast: +0.3%, Previous: -0.4%.
- Eurozone Trade Balance (Jun): Difference between exports and imports in the Eurozone. Forecast: 13.3B, Previous: 13.9B.
- US Building Permits (Jul): Number of new building permits issued. Forecast: 1.430M, Previous: 1.454M.
- US Housing Starts (Jul): Number of new residential construction projects. Forecast: 1.340M, Previous: 1.353M.
- US Housing Starts (MoM) (Jul): Monthly change in housing starts. Previous: +3.0%.
- US Michigan 1-Year Inflation Expectations (Aug): Consumers’ expectations for inflation over the next year. Previous: 2.9%.
- US Michigan 5-Year Inflation Expectations (Aug): Consumers’ expectations for inflation over the next five years. Previous: 3.0%.
- US Michigan Consumer Expectations (Aug): Consumers’ outlook on future economic conditions. Previous: 68.8.
- US Michigan Consumer Sentiment (Aug): Overall measure of consumer confidence. Forecast: 66.7, Previous: 66.4.
- US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3.
- US Baker Hughes Oil Rig Count: Weekly count of active oil rigs in the US. Previous: 485.
- US Baker Hughes Total Rig Count: Weekly count of total active rigs in the US. Previous: 588.
- 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.
