Upcoming economic events 26 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
12:30		3 points	Core PCE Price Index (MoM) (Jun)	0.2%	0.1%
12:30		3 points	Core PCE Price Index (YoY) (Jun)	———	2.6%
12:30		2 points	PCE Price index (YoY) (Jun)	———	2.6%
12:30		2 points	PCE price index (MoM) (Jun)	0.1%	0.0%
12:30		2 points	Personal Spending (MoM) (Jun)	0.3%	0.2%
14:00		2 points	Michigan 1-Year Inflation Expectations (Jul)	2.9%	2.9%
14:00		2 points	Michigan 5-Year Inflation Expectations (Jul)	2.9%	2.9%
14:00		2 points	Michigan Consumer Expectations (Jul)	67.2	67.2
14:00		2 points	Michigan Consumer Sentiment (Jul)	66.0	66.0
14:30		2 points	Atlanta Fed GDPNow (Q3)	———	———
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———	477
17:00		2 points	U.S. Baker Hughes Total Rig Count	———	586
19:30		2 points	CFTC Crude Oil speculative net positions	———	287.6K
19:30		2 points	CFTC Gold speculative net positions	———	254.8K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———	5.2K
19:30		2 points	CFTC S&P 500 speculative net positions	———	-55.0K
19:30		2 points	CFTC AUD speculative net positions	———	2.4K
19:30		2 points	CFTC JPY speculative net positions	———	-182.0K
19:30		2 points	CFTC EUR speculative net positions	———	3.6K

Summary of Upcoming Economic Events on July 26, 2024

1. US Core PCE Price Index (MoM) (Jun): Monthly change in the core Personal Consumption Expenditures price index. Forecast: +0.2%, Previous: +0.1%.
2. US Core PCE Price Index (YoY) (Jun): Annual change in the core PCE price index. Previous: +2.6%.
3. US PCE Price Index (YoY) (Jun): Annual change in the overall PCE price index. Previous: +2.6%.
4. US PCE Price Index (MoM) (Jun): Monthly change in the overall PCE price index. Forecast: +0.1%, Previous: +0.0%.
5. US Personal Spending (MoM) (Jun): Monthly change in personal spending. Forecast: +0.3%, Previous: +0.2%.
6. Michigan 1-Year Inflation Expectations (Jul): Expectations for inflation over the next year. Previous: +2.9%.
7. Michigan 5-Year Inflation Expectations (Jul): Expectations for inflation over the next five years. Previous: +2.9%.
8. Michigan Consumer Expectations (Jul): Consumers’ outlook on future economic conditions. Previous: 67.2.
9. Michigan Consumer Sentiment (Jul): Overall measure of consumer confidence. Previous: 66.0.
10. Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3.
11. US Baker Hughes Oil Rig Count: Weekly count of active oil rigs. Previous: 477.
12. US Baker Hughes Total Rig Count: Weekly count of total active rigs. Previous: 586.
13. CFTC Crude Oil Speculative Net Positions: Weekly data on speculative positions in crude oil. Previous: 287.6K.
14. CFTC Gold Speculative Net Positions: Weekly data on speculative positions in gold. Previous: 254.8K.
15. CFTC Nasdaq 100 Speculative Net Positions: Weekly data on speculative positions in Nasdaq 100. Previous: 5.2K.
16. CFTC S&P 500 Speculative Net Positions: Weekly data on speculative positions in S&P 500. Previous: -55.0K.
17. CFTC AUD Speculative Net Positions: Weekly data on speculative positions in Australian dollar. Previous: 2.4K.
18. CFTC JPY Speculative Net Positions: Weekly data on speculative positions in Japanese yen. Previous: -182.0K.
19. CFTC EUR Speculative Net Positions: Weekly data on speculative positions in euro. Previous: 3.6K.

Market Impact Analysis

• US Core PCE Price Index: Key inflation gauge for the Fed; rising prices may lead to tighter monetary policy, supporting USD.
• US Personal Spending: Indicates consumer spending strength; higher spending supports economic growth and USD.
• Michigan Inflation Expectations: Reflects consumer inflation outlook; rising expectations could impact Fed policy.
• Michigan Consumer Sentiment: Gauges consumer confidence; higher sentiment supports economic outlook and USD.
• Atlanta Fed GDPNow: Provides a real-time estimate of economic growth; significant changes can influence market sentiment.
• Baker Hughes Rig Counts: Indicates oil industry activity; changes can impact oil prices.
• CFTC Speculative Net Positions: Reflects market sentiment; large shifts may indicate potential volatility in commodities and currency markets.

Overall Impact

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