Upcoming economic events 19 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
14:40		2 points	FOMC Member Williams Speaks	———	———
16:45		2 points	FOMC Member Bostic Speaks	———	———
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———	478
17:00		2 points	U.S. Baker Hughes Total Rig Count	———	584
19:30		2 points	CFTC Crude Oil speculative net positions	———	283.9K
19:30		2 points	CFTC Gold speculative net positions	———	254.8K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———	5.2K
19:30		2 points	CFTC S&P 500 speculative net positions	———	-55.0K
19:30		2 points	CFTC AUD speculative net positions	———	2.4K
19:30		2 points	CFTC JPY speculative net positions	———	-182.0K
19:30		2 points	CFTC EUR speculative net positions	———	3.6K

Summary of Upcoming Economic Events on July 19, 2024

1. FOMC Member Williams Speaks: Insights into the Federal Reserve’s policy stance.
2. FOMC Member Bostic Speaks: Additional insights into the Federal Reserve’s policy stance.
3. U.S. Baker Hughes Oil Rig Count: Weekly count of active oil rigs. Previous: 478.
4. U.S. Baker Hughes Total Rig Count: Weekly count of total active rigs. Previous: 584.
5. CFTC Crude Oil Speculative Net Positions: Weekly data on speculative positions in crude oil. Previous: 283.9K.
6. CFTC Gold Speculative Net Positions: Weekly data on speculative positions in gold. Previous: 254.8K.
7. CFTC Nasdaq 100 Speculative Net Positions: Weekly data on speculative positions in Nasdaq 100. Previous: 5.2K.
8. CFTC S&P 500 Speculative Net Positions: Weekly data on speculative positions in S&P 500. Previous: -55.0K.
9. CFTC AUD Speculative Net Positions: Weekly data on speculative positions in Australian dollar. Previous: 2.4K.
10. CFTC JPY Speculative Net Positions: Weekly data on speculative positions in Japanese yen. Previous: -182.0K.
11. CFTC EUR Speculative Net Positions: Weekly data on speculative positions in euro. Previous: 3.6K.

Market Impact Analysis

• FOMC Members Williams and Bostic Speeches: Comments provide insights into future Fed policy; dovish tones may support market confidence, hawkish tones increase volatility.
• U.S. Baker Hughes Oil and Total Rig Counts: Indicates oil industry activity; rising rig counts suggest increased production, potentially pressuring oil prices, while declining counts indicate reduced supply and may support prices.
• CFTC Speculative Net Positions: Reflects market sentiment; large shifts in positions could signal potential volatility in the respective commodities and indices.

Overall Impact

• Volatility: Moderate, with potential reactions in commodity and currency markets.
• Impact Score: 5/10, indicating moderate potential for market movements.