Jeremy Oles

Published On: 01/08/2024
Share it!
Tags: , , ,
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Upcoming economic events 2 August 2024
By Published On: 01/08/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsHome Loans (MoM) (Jun)-1.0%-2.0%
01:30🇦🇺2 pointsPPI (YoY) (Q2)———4.3%
01:30🇦🇺2 pointsPPI (QoQ) (Q2)1.0%0.9%
12:30🇺🇸2 pointsAverage Hourly Earnings (YoY) (YoY) (Jul)3.7%3.9%
12:30🇺🇸3 pointsAverage Hourly Earnings (MoM) (Jul)0.3%0.3%
12:30🇺🇸3 pointsNonfarm Payrolls (Jul)176K206K
12:30🇺🇸2 pointsParticipation Rate (Jul)———62.6%
12:30🇺🇸2 pointsPrivate Nonfarm Payrolls (Jul)148K136K
12:30🇺🇸2 pointsU6 Unemployment Rate (Jul)———7.4%
12:30🇺🇸3 pointsUnemployment Rate (Jul)4.1%4.1%
14:00🇺🇸2 pointsFactory Orders (MoM) (Jun)-2.7%-0.5%
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———482
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———589
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———276.0K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———273.1K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———-0.6K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———-13.2K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———-8.8K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———-107.1K
19:30🇪🇺2 pointsCFTC EUR speculative net positions———35.9K

Summary of Upcoming Economic Events on August 2, 2024

  1. Australia Home Loans (MoM) (Jun): Monthly change in the number of new home loans. Forecast: -1.0%, Previous: -2.0%.
  2. Australia PPI (YoY) (Q2): Annual change in the producer price index. Previous: +4.3%.
  3. Australia PPI (QoQ) (Q2): Quarterly change in the producer price index. Forecast: +1.0%, Previous: +0.9%.
  4. US Average Hourly Earnings (YoY) (Jul): Annual change in average hourly earnings. Forecast: +3.7%, Previous: +3.9%.
  5. US Average Hourly Earnings (MoM) (Jul): Monthly change in average hourly earnings. Forecast: +0.3%, Previous: +0.3%.
  6. US Nonfarm Payrolls (Jul): Change in the number of employed people excluding the farming industry. Forecast: +176K, Previous: +206K.
  7. US Participation Rate (Jul): Percentage of the working-age population that is employed or actively looking for work. Previous: 62.6%.
  8. US Private Nonfarm Payrolls (Jul): Change in the number of employed people in the private sector. Forecast: +148K, Previous: +136K.
  9. US U6 Unemployment Rate (Jul): Broad measure of unemployment including those marginally attached to the labor force. Previous: 7.4%.
  10. US Unemployment Rate (Jul): Percentage of the total workforce that is unemployed and actively seeking employment. Forecast: 4.1%, Previous: 4.1%.
  11. US Factory Orders (MoM) (Jun): Monthly change in new orders placed with manufacturers. Forecast: -2.7%, Previous: -0.5%.
  12. US Baker Hughes Oil Rig Count: Weekly count of active oil rigs. Previous: 482.
  13. US Baker Hughes Total Rig Count: Weekly count of total active rigs. Previous: 589.
  14. CFTC Crude Oil Speculative Net Positions: Weekly data on speculative positions in crude oil. Previous: 276.0K.
  15. CFTC Gold Speculative Net Positions: Weekly data on speculative positions in gold. Previous: 273.1K.
  16. CFTC Nasdaq 100 Speculative Net Positions: Weekly data on speculative positions in Nasdaq 100. Previous: -0.6K.
  17. CFTC S&P 500 Speculative Net Positions: Weekly data on speculative positions in S&P 500. Previous: -13.2K.
  18. CFTC AUD Speculative Net Positions: Weekly data on speculative positions in Australian dollar. Previous: -8.8K.
  19. CFTC JPY Speculative Net Positions: Weekly data on speculative positions in Japanese yen. Previous: -107.1K.
  20. CFTC EUR Speculative Net Positions: Weekly data on speculative positions in euro. Previous: 35.9K.

Market Impact Analysis

  • Australia Home Loans and PPI: Decreasing home loans could signal a cooling housing market, impacting AUD. Rising PPI suggests increasing production costs, influencing inflation expectations.
  • US Average Hourly Earnings and Nonfarm Payrolls: Strong earnings growth and employment data support USD and economic confidence. Any deviations could influence Fed policy expectations.
  • US Unemployment Rate and Participation Rate: Stable or decreasing unemployment rate supports economic outlook; changes in participation rate reflect labor market dynamics.
  • US Factory Orders: A decline indicates weakening manufacturing activity, potentially impacting USD and related equities.
  • Baker Hughes Rig Counts: Changes in rig counts impact oil supply expectations, influencing oil prices.
  • CFTC Speculative Net Positions: Reflects market sentiment; significant shifts could signal potential volatility in commodities and currency markets.

Overall Impact

  • Volatility: High, with significant potential reactions in equity, bond, commodity, and currency markets.
  • Impact Score: 8/10, indicating a high potential for market movements.
Tags: , , ,

Related Posts