Upcoming economic events 23 January 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	NAB Business Confidence (Dec)	———-	-3
13:30		2 points	Continuing Jobless Claims	1,860K	1,859K
13:30		3 points	Initial Jobless Claims	221K	217K
16:00		3 points	U.S. President Trump Speaks	———-	———-
17:00		3 points	Crude Oil Inventories	———-	-1.962M
17:00		2 points	Cushing Crude Oil Inventories	———-	0.765M
18:00		2 points	10-Year TIPS Auction	———-	2.071%
21:30		2 points	Fed’s Balance Sheet	———-	6,834B
23:30		2 points	National Core CPI (YoY) (Dec)	3.0%	2.7%
23:30		2 points	National CPI (MoM) (Dec)	———-	0.6%

Summary of Upcoming Economic Events on January 23, 2025

Australia

1. NAB Business Confidence (Dec) (00:30 UTC):
   • Previous: -3.
   • A key gauge of business sentiment. Negative or worsening values may signal weaker economic activity and could weigh on the AUD.

United States

2. Continuing Jobless Claims (13:30 UTC):
   • Forecast: 1,860K, Previous: 1,859K.
     Provides insight into labor market conditions and ongoing unemployment trends.
3. Initial Jobless Claims (13:30 UTC):
   • Forecast: 221K, Previous: 217K.
     A higher-than-expected number may raise concerns about the labor market, while lower claims would indicate resilience.
4. U.S. President Trump Speaks (16:00 UTC):
   • The President’s comments on economic or fiscal policy may impact market sentiment, particularly if related to taxes, trade, or regulatory changes.
5. Crude Oil Inventories (17:00 UTC):
   • Previous: -1.962M.
     A larger-than-expected draw could boost oil prices, reflecting strong demand, while an unexpected build may pressure prices.
6. Cushing Crude Oil Inventories (17:00 UTC):
   • Previous: 0.765M.
     Cushing data reflects regional storage trends, often impacting WTI crude prices.
7. 10-Year TIPS Auction (18:00 UTC):
   • Previous Yield: 2.071%.
     The demand for inflation-protected securities reflects inflation expectations and investor appetite for real returns.
8. Fed’s Balance Sheet (21:30 UTC):
   • Previous: 6,834B.
     Indicates the central bank’s monetary policy stance. An increase may imply continued easing, while a decline could signal tightening.

Japan

9. National Core CPI (YoY) (Dec) (23:30 UTC):
   • Forecast: 3.0%, Previous: 2.7%.
   • A higher CPI may increase expectations for a policy shift from the BoJ, potentially strengthening the JPY.
10. National CPI (MoM) (Dec) (23:30 UTC):

• Previous: 0.6%.
• Monthly inflation data can offer clues about short-term pricing trends.

Market Impact Analysis

AUD:

• NAB Business Confidence could influence AUD sentiment, especially if there is a significant change from the previous value.

USD:

• Jobless Claims: Will shape market views on labor market health.
• Crude Oil Inventories: Directly impacts oil prices and energy stocks.
• President Trump’s Speech: Could lead to sharp movements if significant policy changes or economic plans are announced.

JPY:

• CPI Data: Stronger-than-expected inflation figures could lead to increased speculation about BoJ policy adjustments, potentially boosting the JPY.

Volatility & Impact Score

• Volatility: High (due to oil data, U.S. President’s speech, and Japanese CPI figures).
• Impact Score: 7/10 – Crude Oil Inventories and U.S. labor data are likely to have the most significant short-term influence, with JPY impacted by CPI outcomes.