Upcoming economic events 26 September 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
02:30		2 points	RBA Financial Stability Review	———	———
08:00		2 points	ECB Economic Bulletin	———	———
09:00		2 points	ECB’s Elderson Speaks	———	———
09:15		2 points	ECB McCaul Speaks	———	———
12:30		2 points	Continuing Jobless Claims	———	1,829K
12:30		2 points	Core Durable Goods Orders (MoM) (Aug)	———	-0.2%
12:30		2 points	Core PCE Prices (Q2)	2.80%	3.70%
12:30		2 points	Durable Goods Orders (MoM) (Aug)	-2.8%	9.9%
12:30		2 points	GDP (QoQ) (Q2)	3.0%	1.4%
12:30		2 points	GDP Price Index (QoQ) (Q2)	2.5%	3.1%
12:30		2 points	Initial Jobless Claims	———	219K
13:20		2 points	Fed Chair Powell Speaks	———	———
13:25		2 points	FOMC Member Williams Speaks	———	———
13:30		2 points	ECB President Lagarde Speaks	———	———
14:00		2 points	Pending Home Sales (MoM) (Aug)	0.5%	-5.5%
14:15		2 points	ECB’s De Guindos Speaks	———	———
14:30		2 points	Fed Vice Chair for Supervision Barr Speaks	———	———
15:15		2 points	Treasury Secretary Yellen Speaks	———	———
16:00		2 points	ECB’s Schnabel Speaks	———	———
17:00		2 points	7-Year Note Auction	———	3.770%
17:00		2 points	Fed Vice Chair for Supervision Barr Speaks	———	———
17:00		2 points	FOMC Member Kashkari Speaks	———	———
20:30		2 points	Fed’s Balance Sheet	———	7,109B
23:30		2 points	Tokyo Core CPI (YoY) (Sep)	2.0%	2.4%

Summary of Upcoming Economic Events on September 26, 2024

1. RBA Financial Stability Review (02:30 UTC): The Reserve Bank of Australia’s semi-annual report on financial stability, assessing the risks facing the financial system.
2. ECB Economic Bulletin (08:00 UTC): A detailed report on the economic and monetary conditions in the Eurozone, providing insights into future ECB policy decisions.
3. ECB’s Elderson Speaks (09:00 UTC): Remarks from ECB Executive Board Member Frank Elderson, likely discussing financial regulation or Eurozone economic outlook.
4. ECB McCaul Speaks (09:15 UTC): Insights from ECB Supervisory Board Member Ed Sibley McCaul, potentially focused on financial stability or economic policy.
5. US Continuing Jobless Claims (12:30 UTC): The number of people receiving unemployment benefits. Previous: 1.829M.
6. US Core Durable Goods Orders (MoM) (Aug) (12:30 UTC): Monthly change in new orders for durable goods excluding transportation. Previous: -0.2%.
7. US Core PCE Prices (Q2) (12:30 UTC): Key inflation metric used by the Federal Reserve. Forecast: +2.80%, Previous: +3.70%.
8. US Durable Goods Orders (MoM) (Aug) (12:30 UTC): Measures overall demand for durable goods. Forecast: -2.8%, Previous: +9.9%.
9. US GDP (QoQ) (Q2) (12:30 UTC): Quarterly change in the US Gross Domestic Product. Forecast: +3.0%, Previous: +1.4%.
10. US GDP Price Index (QoQ) (Q2) (12:30 UTC): A measure of inflation that tracks price changes in the economy. Forecast: +2.5%, Previous: +3.1%.
11. US Initial Jobless Claims (12:30 UTC): Number of new claims for unemployment benefits. Previous: 219K.
12. Fed Chair Powell Speaks (13:20 UTC): Remarks from Federal Reserve Chair Jerome Powell, which could influence expectations for future monetary policy decisions.
13. FOMC Member Williams Speaks (13:25 UTC): Comments from New York Fed President John Williams, offering insights into economic conditions and potential rate decisions.
14. ECB President Lagarde Speaks (13:30 UTC): Christine Lagarde’s remarks may provide clues about ECB’s future monetary policy stance, particularly regarding inflation and growth.
15. US Pending Home Sales (MoM) (Aug) (14:00 UTC): Monthly change in the number of signed contracts for home sales. Forecast: +0.5%, Previous: -5.5%.
16. ECB’s De Guindos Speaks (14:15 UTC): Remarks from ECB Vice President Luis de Guindos, potentially discussing Eurozone economic developments.
17. Fed Vice Chair for Supervision Barr Speaks (14:30 & 17:00 UTC): Commentary from the Fed’s chief regulator regarding banking supervision and financial stability.
18. Treasury Secretary Yellen Speaks (15:15 UTC): Remarks from Janet Yellen on US economic policy and outlook.
19. ECB’s Schnabel Speaks (16:00 UTC): ECB Executive Board Member Isabel Schnabel discusses Eurozone inflation or economic policy.
20. US 7-Year Note Auction (17:00 UTC): Auction of US 7-year Treasury notes. Previous Yield: 3.770%.
21. FOMC Member Kashkari Speaks (17:00 UTC): Commentary from Minneapolis Fed President Neel Kashkari on monetary policy and the US economy.
22. US Fed’s Balance Sheet (20:30 UTC): Weekly report on the Federal Reserve’s assets and liabilities. Previous: $7.109T.
23. Tokyo Core CPI (YoY) (Sep) (23:30 UTC): Year-over-year change in Tokyo’s core Consumer Price Index. Forecast: +2.0%, Previous: +2.4%.

Market Impact Analysis

• RBA Financial Stability Review: Any concerns raised about financial stability may influence AUD, especially if risks to the financial system are highlighted.
• ECB Economic Bulletin & Speeches (Elderson, McCaul, Lagarde, Schnabel, De Guindos): These events provide critical insights into Eurozone inflation, growth, and future ECB policy. Hawkish or dovish remarks will directly impact EUR.
• US GDP & Inflation Data: Strong GDP growth or higher-than-expected PCE inflation could lead to USD strength, as they may raise expectations for more hawkish Fed policy. Weak data may soften the USD.
• US Durable Goods & Housing Data: A decline in durable goods orders or weak pending home sales could signal slowing economic activity, potentially weakening USD.
• Fed Speeches (Powell, Williams, Kashkari): Remarks from key Fed officials are likely to influence expectations for future interest rate decisions, impacting USD and US bond yields.
• Crude Oil Inventories: A further decline in inventories may push oil prices higher, influencing energy markets and commodity-linked currencies like CAD.

Overall Impact

• Volatility: High, driven by significant data releases on US GDP, inflation, and durable goods, as well as several key Fed and ECB speeches.
• Impact Score: 8/10, with major market movements expected across USD, EUR, and bond markets depending on the data and remarks from central bank officials.