Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 05:00 |  | 2 points | BoJ Core CPI (YoY) | 1.8% | 1.8% |
| 07:00 |  | 2 points | European Central Bank Non-monetary Policy Meeting | ——— | ——— |
| 12:30 |  | 2 points | Building Permits (Aug) | 1.475M | 1.406M |
| 12:30 | | 2 points | ECB McCaul Speaks | ——— | ——— |
| 14:00 | | 3 points | New Home Sales (Aug) | 700K | 739K |
| 14:00 | | 2 points | New Home Sales (MoM) (Aug) | ——— | 10.6% |
| 14:30 | | 3 points | Crude Oil Inventories | ——— | -1.630M |
| 14:30 | | 2 points | Cushing Crude Oil Inventories | ——— | -1.979M |
| 17:00 | | 2 points | 5-Year Note Auction | ——— | 3.645% |
| 23:50 | | 2 points | Monetary Policy Meeting Minutes | ——— | ——— |
Summary of Upcoming Economic Events on September 25, 2024
- BoJ Core CPI (YoY) (05:00 UTC): Year-over-year change in Japan’s core Consumer Price Index (CPI), excluding fresh food. Forecast: +1.8%, Previous: +1.8%. Stable inflation may suggest continued accommodative monetary policy from the Bank of Japan (BoJ).
- European Central Bank Non-monetary Policy Meeting (07:00 UTC): A meeting of the ECB focusing on non-monetary policy issues. Typically less impactful than monetary policy meetings.
- US Building Permits (Aug) (12:30 UTC): Measures the number of new building permits issued. Forecast: 1.475M, Previous: 1.406M. An increase in permits could signal growth in the housing market.
- ECB McCaul Speaks (12:30 UTC): Remarks from ECB Supervisory Board Member McCaul, offering insights into the Eurozone’s economic or financial landscape.
- US New Home Sales (Aug) (14:00 UTC): Annualized number of new single-family homes sold. Forecast: 700K, Previous: 739K. A key indicator of housing market strength.
- US New Home Sales (MoM) (Aug) (14:00 UTC): Month-over-month change in new home sales. Previous: +10.6%.
- US Crude Oil Inventories (14:30 UTC): Weekly change in US crude oil inventories. Previous: -1.630M. A decline in inventories often supports higher oil prices.
- Cushing Crude Oil Inventories (14:30 UTC): Change in crude oil inventories at the Cushing, Oklahoma storage hub. Previous: -1.979M.
- US 5-Year Note Auction (17:00 UTC): Auction of US 5-year Treasury notes. Previous Yield: 3.645%. Strong demand indicates investor confidence in medium-term government debt.
- BoJ Monetary Policy Meeting Minutes (23:50 UTC): Detailed minutes from the Bank of Japan’s latest monetary policy meeting, providing insights into economic conditions and policy discussions.
Market Impact Analysis
- BoJ Core CPI & Monetary Policy Minutes: Stable inflation and any signals of future monetary policy from the minutes could influence JPY. If inflation remains subdued, the BoJ is likely to continue its accommodative stance, keeping JPY stable or weaker.
- US Building Permits & New Home Sales: A rise in building permits and strong new home sales would indicate continued strength in the housing market, supporting USD. Weaker data may signal a cooling market, potentially softening USD.
- Crude Oil Inventories: A further decline in crude oil inventories could push oil prices higher, influencing energy markets and commodity-linked currencies like CAD. A rise in inventories may pressure prices lower.
- ECB McCaul Speech: Any comments on inflation or economic policy may influence EUR, particularly if they address ongoing monetary tightening or economic risks in the Eurozone.
Overall Impact
- Volatility: Moderate to high, with a focus on US housing data and crude oil inventories influencing the USD and energy markets. BoJ data may influence JPY.
- Impact Score: 7/10, as key housing and energy data are likely to drive market movements, along with any surprises from the BoJ minutes.
