Upcoming economic events 20 August 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:00		2 points	China Loan Prime Rate 5Y (Aug)	3.85%	3.85%
01:15		2 points	PBoC Loan Prime Rate	3.35%	3.35%
01:30		2 points	RBA Meeting Minutes	———	———
09:00		2 points	Core CPI (YoY) (Jul)	2.9%	2.9%
09:00		3 points	CPI (YoY) (Jul)	2.6%	2.5%
09:00		2 points	CPI (MoM) (Jul)	0.0%	0.2%
17:35		2 points	FOMC Member Bostic Speaks	———	———
18:45		2 points	Fed Vice Chair for Supervision Barr Speaks	———	———
20:30		2 points	API Weekly Crude Oil Stock	———	-5.205M
23:50		2 points	Adjusted Trade Balance	-0.73T	-0.82T
23:50		2 points	Exports (YoY) (Jul)	11.4%	5.4%
23:50		2 points	Trade Balance (Jul)	-330.7B	224.0B

Summary of Upcoming Economic Events on August 20, 2024

1. China Loan Prime Rate 5Y (Aug) (01:00 UTC): Interest rate for five-year loans set by the People’s Bank of China (PBoC). Forecast: 3.85%, Previous: 3.85%.
2. China PBoC Loan Prime Rate (01:15 UTC): Benchmark interest rate for one-year loans. Forecast: 3.35%, Previous: 3.35%.
3. Australia RBA Meeting Minutes (01:30 UTC): Detailed insights into the Reserve Bank of Australia’s most recent monetary policy meeting, providing context on economic outlook and policy decisions.
4. Eurozone Core CPI (YoY) (Jul) (09:00 UTC): Annual change in the core consumer price index, excluding food and energy. Forecast: 2.9%, Previous: 2.9%.
5. Eurozone CPI (YoY) (Jul) (09:00 UTC): Annual change in the overall consumer price index. Forecast: 2.6%, Previous: 2.5%.
6. Eurozone CPI (MoM) (Jul) (09:00 UTC): Monthly change in the consumer price index. Forecast: 0.0%, Previous: 0.2%.
7. FOMC Member Bostic Speaks (17:35 UTC): Comments from Federal Reserve Bank of Atlanta President Raphael Bostic, potentially offering insights into the Fed’s economic outlook.
8. Fed Vice Chair for Supervision Barr Speaks (18:45 UTC): Remarks from Fed Vice Chair for Supervision Michael Barr, focusing on regulatory and economic issues.
9. API Weekly Crude Oil Stock (20:30 UTC): Weekly change in US crude oil inventories. Previous: -5.205M.
10. Japan Adjusted Trade Balance (Jul) (23:50 UTC): Seasonally adjusted trade balance. Forecast: -0.73T, Previous: -0.82T.
11. Japan Exports (YoY) (Jul) (23:50 UTC): Annual change in the value of exports. Forecast: 11.4%, Previous: 5.4%.
12. Japan Trade Balance (Jul) (23:50 UTC): Difference between exports and imports. Forecast: -330.7B, Previous: 224.0B.

Market Impact Analysis

• China Loan Prime Rates: Stability in the 5Y and 1Y loan prime rates suggests steady monetary policy, likely maintaining CNY stability. Any unexpected changes could influence market sentiment.
• Australia RBA Meeting Minutes: Detailed insights could impact AUD, especially if the minutes reveal concerns about inflation or economic growth.
• Eurozone CPI Data: Stable or rising inflation supports EUR; deviations from expectations may influence ECB policy outlook.
• US Fed Speeches: Remarks from FOMC members and the Vice Chair for Supervision could provide insights into the Fed’s future policy direction, influencing USD and market sentiment.
• API Crude Oil Stock: Lower inventories typically support oil prices; higher inventories could pressure prices downward.
• Japan Trade Data: A significant trade balance shift could impact JPY, particularly if export growth is strong or trade deficits widen.

Overall Impact

• Volatility: High, with potential reactions in equity, bond, currency, and commodity markets.
• Impact Score: 7/10, indicating a high potential for market movements.