Jeremy Oles

Published On: 16/09/2024
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Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
By Published On: 16/09/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
04:30🇯🇵2 pointsTertiary Industry Activity Index (MoM) (Jul)0.8%-1.3%
09:00🇪🇺2 pointsECB McCaul Speaks——————
09:00🇪🇺2 pointsZEW Economic Sentiment (Sep)16.417.9
12:30🇺🇸2 pointsCore Retail Sales (MoM) (Aug)0.2%0.4%
12:30🇺🇸2 pointsRetail Control (MoM) (Aug)———0.3%
12:30🇺🇸3 pointsRetail Sales (MoM) (Aug)-0.2%1.0%
13:00🇪🇺2 pointsECB’s Elderson Speaks——————
13:15🇺🇸2 pointsIndustrial Production (YoY) (Aug)———-0.18%
13:15🇺🇸2 pointsIndustrial Production (MoM) (Aug)0.1%-0.6%
14:00🇺🇸2 pointsBusiness Inventories (MoM) (Jul)0.4%0.3%
14:00🇺🇸2 pointsRetail Inventories Ex Auto (Jul)0.5%0.5%
16:00🇺🇸2 pointsAtlanta Fed GDPNow (Q3)2.5%2.5%
17:00🇺🇸2 points20-Year Bond Auction———4.160%
20:30🇺🇸2 pointsAPI Weekly Crude Oil Stock———-2.790M
21:00🇳🇿2 pointsWestpac Consumer Sentiment (Q3)———82.2
22:45🇳🇿2 pointsCurrent Account (QoQ) (Q2)-3.95B-4.36B
22:45🇳🇿2 pointsCurrent Account (YoY) (Q2)———-27.64B
23:50🇯🇵2 pointsAdjusted Trade Balance-0.97T-0.76T
23:50🇯🇵2 pointsExports (YoY) (Aug)———10.2%
23:50🇯🇵2 pointsTrade Balance (Aug)———-628.7B

Summary of Upcoming Economic Events on September 17, 2024

  1. Japan Tertiary Industry Activity Index (MoM) (Jul) (04:30 UTC): Measures monthly change in output in Japan’s service industries. Forecast: +0.8%, Previous: -1.3%.
  2. ECB McCaul Speaks (09:00 UTC): Remarks from ECB Supervisory Board Member Ed Sibley McCaul, potentially offering insights into financial supervision and economic outlook.
  3. Eurozone ZEW Economic Sentiment (Sep) (09:00 UTC): Measures investor sentiment in the Eurozone. Forecast: 16.4, Previous: 17.9.
  4. US Core Retail Sales (MoM) (Aug) (12:30 UTC): Monthly change in retail sales excluding automobiles. Forecast: +0.2%, Previous: +0.4%.
  5. US Retail Control (MoM) (Aug) (12:30 UTC): Retail sales data used to calculate GDP. Previous: +0.3%.
  6. US Retail Sales (MoM) (Aug) (12:30 UTC): Monthly change in overall retail sales. Forecast: -0.2%, Previous: +1.0%.
  7. ECB’s Elderson Speaks (13:00 UTC): Remarks from ECB Executive Board Member Frank Elderson, providing potential insights into ECB policy.
  8. US Industrial Production (YoY) (Aug) (13:15 UTC): Annual change in US industrial output. Previous: -0.18%.
  9. US Industrial Production (MoM) (Aug) (13:15 UTC): Monthly change in US industrial output. Forecast: +0.1%, Previous: -0.6%.
  10. US Business Inventories (MoM) (Jul) (14:00 UTC): Monthly change in US business inventories. Forecast: +0.4%, Previous: +0.3%.
  11. US Retail Inventories Ex Auto (Jul) (14:00 UTC): Monthly change in retail inventories excluding automobiles. Previous: +0.5%.
  12. US Atlanta Fed GDPNow (Q3) (16:00 UTC): Real-time estimate of US GDP growth for the third quarter. Previous: +2.5%.
  13. US 20-Year Bond Auction (17:00 UTC): Auction of 20-year US Treasury bonds. Previous Yield: 4.160%.
  14. US API Weekly Crude Oil Stock (20:30 UTC): Weekly change in US crude oil inventories. Previous: -2.790M.
  15. New Zealand Westpac Consumer Sentiment (Q3) (21:00 UTC): Measures consumer confidence in New Zealand. Previous: 82.2.
  16. New Zealand Current Account (QoQ) (Q2) (22:45 UTC): Measures the balance of trade in goods, services, and transfers. Forecast: -3.95B, Previous: -4.36B.
  17. New Zealand Current Account (YoY) (Q2) (22:45 UTC): Annual change in New Zealand’s current account balance. Previous: -27.64B.
  18. Japan Adjusted Trade Balance (23:50 UTC): Trade balance adjusted for seasonal variations. Forecast: -0.97T, Previous: -0.76T.
  19. Japan Exports (YoY) (Aug) (23:50 UTC): Annual change in Japanese exports. Previous: +10.2%.
  20. Japan Trade Balance (Aug) (23:50 UTC): Measures the difference between exports and imports. Previous: -628.7B.

Market Impact Analysis

  • Japan Tertiary Industry Activity & Trade Data: Improvement in service sector activity supports JPY. Weak trade balance or lower export growth could weigh on JPY and reflect slowing global demand.
  • ECB Speeches (McCaul, Elderson): Insights from ECB officials may influence EUR, particularly if monetary policy or economic concerns are addressed.
  • Eurozone ZEW Economic Sentiment: Lower sentiment may weaken EUR by reflecting investor concerns about the region’s economic outlook. Positive sentiment supports EUR.
  • US Retail Sales & Industrial Production: Lower retail sales or weak industrial production may signal slower economic growth, potentially impacting USD and equity markets. Positive data would indicate economic resilience and support USD.
  • US Crude Oil Stocks: A decline in oil inventories generally supports higher oil prices, which could influence energy markets and commodity-linked currencies like CAD and AUD.
  • New Zealand Current Account & Consumer Sentiment: A widening current account deficit may weaken NZD, while stronger consumer sentiment could support the currency.

Overall Impact

  • Volatility: Moderate to high, with particular focus on US retail sales, industrial production, and ECB comments influencing EUR and USD.
  • Impact Score: 7/10, indicating high potential for market movements.
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