Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 00:30 |  | 2 points | au Jibun Bank Japan Services PMI (Sep) | ——— | 53.7 |
| 04:30 |  | 3 points | RBA Interest Rate Decision (Sep) | 4.35% | 4.35% |
| 05:30 | | 2 points | RBA Rate Statement | ——— | ——— |
| 07:10 |  | 2 points | ECB McCaul Speaks | ——— | ——— |
| 13:00 |  | 2 points | FOMC Member Bowman Speaks | ——— | ——— |
| 13:00 | | 2 points | S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jul) | 5.9% | 6.5% |
| 13:00 | | 2 points | S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jul) | ——— | 0.6% |
| 14:00 | | 3 points | CB Consumer Confidence (Sep) | 103.5 | 103.3 |
| 17:00 | | 2 points | 2-Year Note Auction | ——— | 3.874% |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | ——— | 1.960M |
Summary of Upcoming Economic Events on September 24, 2024
- Japan au Jibun Bank Japan Services PMI (Sep) (00:30 UTC): A measure of the activity level in Japan’s service sector. Previous: 53.7.
- RBA Interest Rate Decision (Sep) (04:30 UTC): The Reserve Bank of Australia (RBA) sets its key interest rate. Forecast: 4.35%, Previous: 4.35%.
- RBA Rate Statement (05:30 UTC): Accompanies the interest rate decision, providing insights into the RBA’s monetary policy stance and economic outlook.
- ECB McCaul Speaks (07:10 UTC): Remarks from ECB Supervisory Board Member McCaul, potentially discussing financial regulation or economic developments in the Eurozone.
- FOMC Member Bowman Speaks (13:00 UTC): Commentary from Federal Reserve Governor Michelle Bowman on economic conditions or monetary policy.
- S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jul) (13:00 UTC): Year-over-year change in the S&P/Case-Shiller Home Price Index, which tracks home prices across 20 major US cities. Forecast: +5.9%, Previous: +6.5%.
- S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jul) (13:00 UTC): Month-over-month change in US home prices across the 20-city index. Previous: +0.6%.
- US CB Consumer Confidence (Sep) (14:00 UTC): A measure of consumer sentiment in the US. Forecast: 103.5, Previous: 103.3.
- US 2-Year Note Auction (17:00 UTC): Auction of 2-year US Treasury notes. Previous Yield: 3.874%.
- API Weekly Crude Oil Stock (20:30 UTC): Weekly change in US crude oil inventories. Previous: +1.960M.
Market Impact Analysis
- Japan Services PMI: A higher reading signals expansion in the services sector, potentially supporting JPY, while a decline may signal weaker economic activity.
- RBA Interest Rate Decision and Statement: The RBA’s decision to keep rates unchanged or adjust them will significantly impact AUD. A dovish statement may weaken AUD, while hawkish signals could provide support.
- ECB McCaul Speech: Insights on Eurozone economic conditions or banking policy could influence EUR, especially if there are comments related to inflation or monetary tightening.
- US Home Prices (S&P/CS HPI): Slower home price growth may indicate a cooling housing market, potentially affecting USD sentiment. A stronger increase in prices supports confidence in the real estate sector.
- US CB Consumer Confidence: Higher consumer confidence indicates stronger consumer spending and economic resilience, which can strengthen USD. A decline may signal economic caution.
- API Weekly Crude Oil Stock: A rise in oil inventories typically pressures oil prices lower, while a decline in stocks supports higher prices, impacting energy markets and commodity-linked currencies like CAD.
Overall Impact
- Volatility: Moderate to high, with significant movements likely in AUD due to the RBA decision and USD influenced by consumer confidence data.
- Impact Score: 7/10, with key events driving potential market movements across currencies, oil, and bond markets.
