Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 12:30 |  | 2 points | Core Durable Goods Orders (MoM) (Jul) | 0.0% | 0.4% |
| 12:30 | | 3 points | Durable Goods Orders (MoM) (Jul) | 4.0% | -6.7% |
| 14:30 | | 2 points | Atlanta Fed GDPNow (Q3) | 2.0% | 2.0% |
Summary of Upcoming Economic Events on August 26, 2024
- 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%.
- 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%.
- 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.
