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Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Employment Change (Aug) | 25.8K | 58.2K |
| 01:30 | | 2 points | Full Employment Change (Aug) | ——— | 60.5K |
| 01:30 | | 2 points | Unemployment Rate (Aug) | 4.2% | 4.2% |
| 09:00 |  | 2 points | ECB’s Schnabel Speaks | ——— | ——— |
| 12:30 |  | 2 points | Continuing Jobless Claims | 1,850K | |
| 12:30 | | 2 points | Current Account (Q2) | -260.0B | -237.6B |
| 12:30 | | 3 points | Initial Jobless Claims | 232K | 230K |
| 12:30 | | 3 points | Philadelphia Fed Manufacturing Index (Sep) | -0.6 | -7.0 |
| 12:30 | | 2 points | Philly Fed Employment (Sep) | ——— | -5.7 |
| 14:00 | | 3 points | Existing Home Sales (Aug) | 3.89M | 3.95M |
| 14:00 | | 2 points | Existing Home Sales (MoM) (Aug) | ——— | 1.3% |
| 14:00 | | 2 points | US Leading Index (MoM) (Aug) | -0.3% | -0.6% |
| 14:40 | | 2 points | ECB’s Schnabel Speaks | ——— | ——— |
| 20:30 | | 2 points | Fed’s Balance Sheet | ——— | 7,115B |
| 23:30 |  | 2 points | National Core CPI (YoY) (Aug) | 2.8% | 2.7% |
| 23:30 | | 2 points | National CPI (MoM) (Aug) | ——— | 0.2% |
Summary of Upcoming Economic Events on September 19, 2024
- Australia Employment Change (Aug) (01:30 UTC): Measures the change in the number of employed people. Forecast: +25.8K, Previous: +58.2K.
- Australia Full Employment Change (Aug) (01:30 UTC): Number of full-time jobs added. Previous: +60.5K.
- Australia Unemployment Rate (Aug) (01:30 UTC): Percentage of the labor force that is unemployed. Forecast: 4.2%, Previous: 4.2%.
- ECB’s Schnabel Speaks (09:00 & 14:40 UTC): Remarks from ECB Executive Board member Isabel Schnabel, offering insights into the ECB’s monetary policy stance or the Eurozone economy.
- US Continuing Jobless Claims (12:30 UTC): Number of people receiving unemployment benefits. Forecast: 1,850K, Previous: 1,850K.
- US Current Account (Q2) (12:30 UTC): Measures the balance of trade and investment flows. Forecast: -$260.0B, Previous: -$237.6B.
- US Initial Jobless Claims (12:30 UTC): Number of new unemployment claims. Forecast: 232K, Previous: 230K.
- Philadelphia Fed Manufacturing Index (Sep) (12:30 UTC): Measures manufacturing activity in the Philadelphia region. Forecast: -0.6, Previous: -7.0.
- Philly Fed Employment (Sep) (12:30 UTC): Employment conditions in the manufacturing sector. Previous: -5.7.
- US Existing Home Sales (Aug) (14:00 UTC): Annualized number of existing homes sold. Forecast: 3.89M, Previous: 3.95M.
- US Existing Home Sales (MoM) (Aug) (14:00 UTC): Monthly change in the number of existing home sales. Previous: +1.3%.
- US Leading Index (MoM) (Aug) (14:00 UTC): A composite index that forecasts future economic activity. Forecast: -0.3%, Previous: -0.6%.
- Fed’s Balance Sheet (20:30 UTC): Weekly update on the Federal Reserve’s assets and liabilities. Previous: $7,115B.
- Japan National Core CPI (YoY) (Aug) (23:30 UTC): Year-over-year change in Japan’s core Consumer Price Index, excluding food and energy. Forecast: +2.8%, Previous: +2.7%.
- Japan National CPI (MoM) (Aug) (23:30 UTC): Monthly change in Japan’s overall Consumer Price Index. Previous: +0.2%.
Market Impact Analysis
- Australia Employment Data: A higher-than-expected employment change or stable unemployment rate supports AUD, reflecting economic strength. Weaker data may pressure the currency.
- ECB Schnabel Speech: Any comments on inflation or monetary policy can impact EUR, particularly if there are hints about future rate adjustments.
- US Jobless Claims: A decline in jobless claims would indicate a strong labor market, supporting USD, while higher-than-expected claims may raise concerns about slowing economic activity.
- Philadelphia Fed Manufacturing Index: An improvement in this index signals strength in the manufacturing sector, which is supportive of USD. A further contraction would raise concerns about economic slowdown.
- US Existing Home Sales: A decline in sales may reflect housing market weakness, potentially weighing on USD. A strong figure indicates continued demand and market resilience.
- Japan CPI Data: Rising inflation supports JPY, indicating potential pressure on the Bank of Japan to consider tightening its ultra-loose monetary policy. Lower inflation may weaken JPY.
Overall Impact
- Volatility: Moderate to high, driven by Australian labor data, US jobless claims, and Philadelphia Fed Manufacturing Index, with additional potential from CPI data in Japan.
- Impact Score: 7/10, indicating moderate potential for market movements across currencies, particularly AUD, USD, and JPY.
