Cryptocurrency analytics and forecastsUpcoming economic events 26 August 2024

Upcoming economic events 26 August 2024

By Jeremy Oles
Upcoming economic events 26 August 2024
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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
12:30🇺🇸2 pointsCore Durable Goods Orders (MoM) (Jul)0.0%0.4%
12:30🇺🇸3 pointsDurable Goods Orders (MoM) (Jul)4.0%-6.7%
14:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)2.0%2.0%

Summary of Upcoming Economic Events on August 26, 2024

  1. US Core Durable Goods Orders (MoM) (Jul) (12:30 UTC): Monthly change in the total value of new orders for long-lasting manufactured goods, excluding transportation. Forecast: 0.0%, Previous: 0.4%.
  2. US Durable Goods Orders (MoM) (Jul) (12:30 UTC): Monthly change in the total value of new orders for long-lasting manufactured goods. Forecast: +4.0%, Previous: -6.7%.
  3. Atlanta Fed GDPNow (Q3) (14:30 UTC): Real-time estimate of US GDP growth for the third quarter. Forecast: 2.0%, Previous: 2.0%.

Market Impact Analysis

  • US Core Durable Goods Orders: Stability or growth in core durable goods orders indicates underlying strength in business investment, supporting USD and economic outlook. A flat or negative reading could raise concerns about business spending.
  • US Durable Goods Orders: A significant increase in durable goods orders suggests strong demand and economic growth, which can support USD and market sentiment. This is a sharp reversal from the previous month’s decline, indicating potential recovery in manufacturing.
  • Atlanta Fed GDPNow: Provides a real-time estimate of economic growth; stable or rising estimates support market confidence and may positively impact USD.

Overall Impact

  • Volatility: Moderate, with potential reactions in equity and bond markets based on durable goods data and GDP estimates.
  • Impact Score: 6/10, indicating moderate potential for market movements.
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