Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 07:00 |  | 2 points | ECB’s Lane Speaks | ——— | ——— |
| 10:00 | | 2 points | Eurogroup Meetings | ——— | ——— |
| 14:00 |  | 2 points | Existing Home Sales (MoM) (Jun) | ——— | -0.7% |
| 14:00 | | 3 points | Existing Home Sales (Jun) | 3.99M | 4.11M |
| 17:00 | | 2 points | 2-Year Note Auction | ——— | 4.706% |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | 0.700M | -4.440M |
Summary of Upcoming Economic Events on July 23, 2024
- ECB’s Lane Speaks: Insights into the European Central Bank’s economic outlook and policy stance.
- Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.
- US Existing Home Sales (MoM) (Jun): Monthly change in the number of existing homes sold. Previous: -0.7%.
- US Existing Home Sales (Jun): Total number of existing homes sold. Forecast: 3.99M, Previous: 4.11M.
- US 2-Year Note Auction: Investor demand for 2-year US Treasury notes. Previous: 4.706%.
- API Weekly Crude Oil Stock: Weekly change in US crude oil inventories. Forecast: 0.700M, Previous: -4.440M.
Market Impact Analysis
- ECB’s Lane Speaks: Comments could provide insights into future ECB policy; dovish remarks may reassure markets, while hawkish comments could increase volatility.
- Eurogroup Meetings: Expected discussions maintain stability; unexpected outcomes or policy changes could impact the euro (EUR) and Eurozone markets.
- US Existing Home Sales (MoM) and (Jun): Declining sales indicate a cooling housing market, potentially impacting USD and related sectors; stable or increasing sales support economic confidence.
- US 2-Year Note Auction: Strong demand for 2-year notes suggests investor confidence in short-term US debt, supporting bonds and potentially lowering yields; weak demand could raise yields and impact equity markets.
- API Weekly Crude Oil Stock: Increasing crude oil stocks could pressure oil prices downwards; decreasing stocks may support prices.
Overall Impact
- Volatility: Moderate, with potential reactions in equity, bond, and commodity markets.
- Impact Score: 5/10, indicating moderate potential for market movements.
