Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 08:10 |  | 2 points | ECB’s De Guindos Speaks | ——— | ——— |
| 09:00 | | 2 points | Wages in euro zone (YoY) (Q2) | ——— | 5.30% |
| 09:00 | | 2 points | Trade Balance (Jul) | 14.9B | 22.3B |
| 12:00 | | 2 points | ECB’s Lane Speaks | ——— | ——— |
| 12:30 |  | 2 points | NY Empire State Manufacturing Index (Sep) | -4.10 | -4.70 |
Summary of Upcoming Economic Events on September 16, 2024
- ECB’s De Guindos Speaks (08:10 UTC): Remarks from ECB Vice President Luis de Guindos, potentially offering insights into the ECB’s economic outlook or monetary policy stance.
- Eurozone Wages (YoY) (Q2) (09:00 UTC): Year-over-year change in wages within the Eurozone. Previous: +5.30%.
- Eurozone Trade Balance (Jul) (09:00 UTC): The difference between exports and imports in the Eurozone. Forecast: €14.9B, Previous: €22.3B.
- ECB’s Lane Speaks (12:00 UTC): Remarks from Philip Lane, Chief Economist of the ECB, providing further insights into the Eurozone’s economic conditions and policy direction.
- US NY Empire State Manufacturing Index (Sep) (12:30 UTC): Measures the health of the manufacturing sector in New York State. Forecast: -4.10, Previous: -4.70.
Market Impact Analysis
- ECB Speeches (De Guindos, Lane): Comments from key ECB officials could influence market expectations for future monetary policy. Hawkish remarks may support EUR, while dovish signals could weaken it.
- Eurozone Wages (YoY): Rising wages indicate inflationary pressure, which could influence ECB policy and affect EUR. A slowdown in wage growth may ease inflation concerns.
- Eurozone Trade Balance: A smaller trade surplus suggests weaker export performance or higher imports, which could weigh on EUR. A larger surplus supports the currency, indicating strong external demand.
- US NY Empire State Manufacturing Index: A negative reading signals contraction in the manufacturing sector, which could weaken USD and suggest slower economic activity. An improvement would support USD by indicating manufacturing recovery.
Overall Impact
- Volatility: Moderate, with potential movements in EUR based on ECB comments and economic data, as well as USD influenced by manufacturing data.
- Impact Score: 6/10, indicating moderate potential for market movements.
