Jeremy Oles

Published On: 18/09/2024
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Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Upcoming economic events 19 September 2024
By Published On: 18/09/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsEmployment Change (Aug)25.8K58.2K
01:30🇦🇺2 pointsFull Employment Change (Aug)———60.5K
01:30🇦🇺2 pointsUnemployment Rate (Aug)4.2%4.2%
09:00🇪🇺2 pointsECB’s Schnabel Speaks——————
12:30🇺🇸2 pointsContinuing Jobless Claims1,850K
12:30🇺🇸2 pointsCurrent Account (Q2)-260.0B-237.6B
12:30🇺🇸3 pointsInitial Jobless Claims232K230K
12:30🇺🇸3 pointsPhiladelphia Fed Manufacturing Index (Sep)-0.6-7.0
12:30🇺🇸2 pointsPhilly Fed Employment (Sep)———-5.7
14:00🇺🇸3 pointsExisting Home Sales (Aug)3.89M3.95M
14:00🇺🇸2 pointsExisting Home Sales (MoM) (Aug)———1.3%
14:00🇺🇸2 pointsUS Leading Index (MoM) (Aug)-0.3%-0.6%
14:40🇪🇺2 pointsECB’s Schnabel Speaks——————
20:30🇺🇸2 pointsFed’s Balance Sheet———7,115B
23:30🇯🇵2 pointsNational Core CPI (YoY) (Aug)2.8%2.7%
23:30🇯🇵2 pointsNational CPI (MoM) (Aug)———0.2%

Summary of Upcoming Economic Events on September 19, 2024

  1. Australia Employment Change (Aug) (01:30 UTC): Measures the change in the number of employed people. Forecast: +25.8K, Previous: +58.2K.
  2. Australia Full Employment Change (Aug) (01:30 UTC): Number of full-time jobs added. Previous: +60.5K.
  3. Australia Unemployment Rate (Aug) (01:30 UTC): Percentage of the labor force that is unemployed. Forecast: 4.2%, Previous: 4.2%.
  4. 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.
  5. US Continuing Jobless Claims (12:30 UTC): Number of people receiving unemployment benefits. Forecast: 1,850K, Previous: 1,850K.
  6. US Current Account (Q2) (12:30 UTC): Measures the balance of trade and investment flows. Forecast: -$260.0B, Previous: -$237.6B.
  7. US Initial Jobless Claims (12:30 UTC): Number of new unemployment claims. Forecast: 232K, Previous: 230K.
  8. Philadelphia Fed Manufacturing Index (Sep) (12:30 UTC): Measures manufacturing activity in the Philadelphia region. Forecast: -0.6, Previous: -7.0.
  9. Philly Fed Employment (Sep) (12:30 UTC): Employment conditions in the manufacturing sector. Previous: -5.7.
  10. US Existing Home Sales (Aug) (14:00 UTC): Annualized number of existing homes sold. Forecast: 3.89M, Previous: 3.95M.
  11. US Existing Home Sales (MoM) (Aug) (14:00 UTC): Monthly change in the number of existing home sales. Previous: +1.3%.
  12. US Leading Index (MoM) (Aug) (14:00 UTC): A composite index that forecasts future economic activity. Forecast: -0.3%, Previous: -0.6%.
  13. Fed’s Balance Sheet (20:30 UTC): Weekly update on the Federal Reserve’s assets and liabilities. Previous: $7,115B.
  14. 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%.
  15. 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.
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