Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
01:00 | 2 points | China Loan Prime Rate 5Y (Sep) | 3.85% | 3.85% | |
01:15 | 2 points | PBoC Loan Prime Rate | 3.35% | 3.35% | |
02:30 | 2 points | BoJ Monetary Policy Statement | ——— | ——— | |
03:00 | 3 points | BoJ Interest Rate Decision | 0.25% | 0.25% | |
06:30 | 2 points | BoJ Press Conference | ——— | ——— | |
15:00 | 2 points | ECB President Lagarde Speaks | ——— | ——— | |
17:00 | 2 points | U.S. Baker Hughes Oil Rig Count | ——— | 488 | |
17:00 | 2 points | U.S. Baker Hughes Total Rig Count | ——— | 590 | |
18:00 | 2 points | FOMC Member Harker Speaks | ——— | ——— | |
19:30 | 2 points | CFTC Crude Oil speculative net positions | ——— | 140.0K | |
19:30 | 2 points | CFTC Gold speculative net positions | ——— | 282.5K | |
19:30 | 2 points | CFTC Nasdaq 100 speculative net positions | ——— | 25.6K | |
19:30 | 2 points | CFTC S&P 500 speculative net positions | ——— | -59.4K | |
19:30 | 2 points | CFTC AUD speculative net positions | ——— | -14.0K | |
19:30 | 2 points | CFTC JPY speculative net positions | ——— | 55.8K | |
19:30 | 2 points | CFTC EUR speculative net positions | ——— | 81.4K | |
21:00 | 2 points | Westpac Consumer Sentiment (Q3) | ——— | 82.2 |
Summary of Upcoming Economic Events on September 20, 2024
- China Loan Prime Rate 5Y (Sep) (01:00 UTC): The 5-year loan prime rate set by the People’s Bank of China (PBoC), typically influencing mortgage rates. Forecast: 3.85%, Previous: 3.85%.
- PBoC Loan Prime Rate (01:15 UTC): China’s key loan prime rate, a benchmark for lending. Forecast: 3.35%, Previous: 3.35%.
- BoJ Monetary Policy Statement (02:30 UTC): The Bank of Japan’s update on monetary policy, outlining the economic outlook and policy stance.
- BoJ Interest Rate Decision (03:00 UTC): Decision on Japan’s key interest rate. Forecast: 0.25%, Previous: 0.25%.
- BoJ Press Conference (06:30 UTC): Bank of Japan officials discuss the economic outlook and monetary policy following the rate decision.
- ECB President Lagarde Speaks (15:00 UTC): Christine Lagarde provides insights into the ECB’s economic outlook and monetary policy.
- US Baker Hughes Oil Rig Count (17:00 UTC): Weekly update on the number of active oil rigs in the US. Previous: 488.
- US Baker Hughes Total Rig Count (17:00 UTC): Weekly update on the total number of active rigs, including gas. Previous: 590.
- FOMC Member Harker Speaks (18:00 UTC): Commentary from Philadelphia Fed President Patrick Harker, potentially discussing economic conditions and future monetary policy.
- CFTC Speculative Net Positions (19:30 UTC): Weekly data on speculative net positions in various assets, indicating market sentiment for:
- Crude Oil: Previous: 140.0K
- Gold: Previous: 282.5K
- Nasdaq 100: Previous: 25.6K
- S&P 500: Previous: -59.4K
- AUD: Previous: -14.0K
- JPY: Previous: 55.8K
- EUR: Previous: 81.4K
- New Zealand Westpac Consumer Sentiment (Q3) (21:00 UTC): Measures consumer confidence in New Zealand. Previous: 82.2.
Market Impact Analysis
- China Loan Prime Rates: Unchanged rates indicate continued economic stability in China. A surprise cut could stimulate growth but may signal economic weakness, impacting CNY and commodity-linked currencies like AUD.
- BoJ Monetary Policy and Interest Rate Decision: A decision to keep rates unchanged supports JPY stability. Any surprise move could shake the markets, especially if there’s a shift in the ultra-loose monetary policy.
- ECB President Lagarde Speech: Remarks from Lagarde will influence EUR, especially if there are hints about future policy actions in response to inflation or economic conditions.
- US Baker Hughes Rig Count: Changes in rig counts can signal supply trends in the oil market, affecting oil prices and energy-linked currencies like CAD.
- CFTC Speculative Net Positions: Shifts in speculative positions across major assets provide insights into market sentiment. Significant changes in positioning may signal upcoming market volatility.
- New Zealand Westpac Consumer Sentiment: A decline in consumer sentiment could weaken NZD by signaling economic concerns, while an improvement may support the currency.
Overall Impact
- Volatility: Moderate, with potential movements in commodity markets, especially oil, and currencies like JPY, CNY, and NZD, depending on central bank announcements and sentiment data.
- Impact Score: 6/10, indicating moderate potential for market movements.