Jeremy Oles

Published On: 25/07/2024
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Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Technical Analysis for AAPL by TradingView
Upcoming economic events 26 July 2024
By Published On: 25/07/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
12:30🇺🇸3 pointsCore PCE Price Index (MoM) (Jun)0.2%0.1%
12:30🇺🇸3 pointsCore PCE Price Index (YoY) (Jun)———2.6%
12:30🇺🇸2 pointsPCE Price index (YoY) (Jun)———2.6%
12:30🇺🇸2 pointsPCE price index (MoM) (Jun)0.1%0.0%
12:30🇺🇸2 pointsPersonal Spending (MoM) (Jun)0.3%0.2%
14:00🇺🇸2 pointsMichigan 1-Year Inflation Expectations (Jul)2.9%2.9%
14:00🇺🇸2 pointsMichigan 5-Year Inflation Expectations (Jul)2.9%2.9%
14:00🇺🇸2 pointsMichigan Consumer Expectations (Jul)67.267.2
14:00🇺🇸2 pointsMichigan Consumer Sentiment (Jul)66.066.0
14:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)——————
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———477
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———586
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———287.6K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———254.8K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———5.2K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———-55.0K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———2.4K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———-182.0K
19:30🇪🇺2 pointsCFTC 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.
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