Jeremy Oles

Published On: 23/07/2024
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Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Upcoming economic events 24 July 2024
By Published On: 23/07/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
00:30🇯🇵2 pointsau Jibun Bank Japan Services PMI (Jul)———49.4
06:45🇪🇺2 pointsECB’s De Guindos Speaks——————
08:00🇪🇺2 pointsHCOB Eurozone Manufacturing PMI (Jul)46.045.8
08:00🇪🇺2 pointsHCOB Eurozone Composite PMI (Jul)50.9
08:00🇪🇺2 pointsHCOB Eurozone Services PMI (Jul)52.952.8
10:00🇪🇺2 pointsEurogroup Meetings——————
12:00🇪🇺2 pointsECB’s Lane Speaks——————
12:30🇺🇸2 pointsBuilding Permits1.446M1.399M
12:30🇺🇸2 pointsGoods Trade Balance (Jun)-98.00B-99.37B
12:30🇺🇸2 pointsRetail Inventories Ex Auto (Jun)——————
13:45🇺🇸3 pointsS&P Global US Manufacturing PMI (Jul)51.551.6
13:45🇺🇸2 pointsS&P Global Composite PMI (Jul)———54.8
13:45🇺🇸3 pointsS&P Global Services PMI (Jul)54.555.3
14:00🇺🇸3 pointsNew Home Sales (Jun)643K619K
14:00🇺🇸2 pointsNew Home Sales (MoM) (Jun)———-11.3%
14:30🇺🇸2 pointsCrude Oil Inventories0.700M-4.870M
14:30🇺🇸2 pointsCushing Crude Oil Inventories———-0.875M
16:00🇺🇸2 pointsAtlanta Fed GDPNow (Q2)2.7%2.7%
17:00🇺🇸2 points5-Year Note Auction———4.331%
20:05🇺🇸2 pointsFOMC Member Bowman Speaks——————

Summary of Upcoming Economic Events on July 24, 2024

  1. au Jibun Bank Japan Services PMI (Jul): Measures activity in Japan’s service sector. Previous: 49.4.
  2. ECB’s De Guindos Speaks: Insights into the European Central Bank’s economic outlook and policy stance.
  3. HCOB Eurozone Manufacturing PMI (Jul): Measures activity in the Eurozone manufacturing sector. Forecast: 46.0, Previous: 45.8.
  4. HCOB Eurozone Composite PMI (Jul): Measures overall business activity in the Eurozone. Forecast: 50.9.
  5. HCOB Eurozone Services PMI (Jul): Measures activity in the Eurozone service sector. Forecast: 52.9, Previous: 52.8.
  6. Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.
  7. ECB’s Lane Speaks: Comments on the ECB’s economic outlook and policy.
  8. US Building Permits (Jun): Number of new building permits issued. Forecast: 1.446M, Previous: 1.399M.
  9. US Goods Trade Balance (Jun): Difference between exports and imports of goods. Forecast: -98.00B, Previous: -99.37B.
  10. US Retail Inventories Ex Auto (Jun): Monthly change in retail inventories excluding automobiles.
  11. S&P Global US Manufacturing PMI (Jul): Measures activity in the US manufacturing sector. Forecast: 51.5, Previous: 51.6.
  12. S&P Global Composite PMI (Jul): Measures overall business activity in the US. Previous: 54.8.
  13. S&P Global Services PMI (Jul): Measures activity in the US service sector. Forecast: 54.5, Previous: 55.3.
  14. US New Home Sales (Jun): Number of new single-family homes sold. Forecast: 643K, Previous: 619K.
  15. US New Home Sales (MoM) (Jun): Monthly change in new home sales. Previous: -11.3%.
  16. US Crude Oil Inventories: Weekly change in US crude oil inventories. Forecast: 0.700M, Previous: -4.870M.
  17. Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -0.875M.
  18. Atlanta Fed GDPNow (Q2): Real-time estimate of US GDP growth for Q2. Forecast: 2.7%, Previous: 2.7%.
  19. US 5-Year Note Auction: Investor demand for 5-year US Treasury notes. Previous: 4.331%.
  20. FOMC Member Bowman Speaks: Insights into the Federal Reserve’s policy stance.

Market Impact Analysis

  • Japan Services PMI: Figures below 50 indicate contraction, potentially impacting JPY; above 50 suggests expansion.
  • ECB’s De Guindos and Lane Speeches: Comments provide insights into ECB’s policy; dovish tones reassure markets, hawkish tones increase volatility.
  • Eurozone PMIs: Stable or rising PMIs support EUR; declining PMIs indicate economic slowdown.
  • US Building Permits and New Home Sales: Strong figures support USD and economic confidence; declines signal potential housing market issues.
  • US Goods Trade Balance: Lower deficit supports USD; higher deficit could indicate trade issues.
  • US Manufacturing and Services PMIs: Figures above 50 suggest expansion, supporting USD; below 50 indicates contraction.
  • US Crude Oil and Cushing Inventories: Decreasing inventories support oil prices; increasing inventories could pressure prices.
  • Atlanta Fed GDPNow: Stable GDP estimate supports market confidence; significant changes impact outlook.
  • 5-Year Note Auction: Strong demand supports bonds and lowers yields; weak demand could raise yields and impact equities.

Overall Impact

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