Cryptocurrency analytics and forecastsUpcoming economic events 27 September 2024

Upcoming economic events 27 September 2024

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsRBA Financial Stability Review——————
08:15🇪🇺2 pointsECB’s Lane Speaks——————
12:30🇺🇸3 pointsCore PCE Price Index (MoM) (Aug)0.2%0.2%
12:30🇺🇸3 pointsCore PCE Price Index (YoY) (Aug)———2.6%
12:30🇺🇸2 pointsGoods Trade Balance (Aug)-100.20B-102.66B
12:30🇺🇸2 pointsPCE Price index (YoY) (Aug)———2.5%
12:30🇺🇸2 pointsPCE price index (MoM) (Aug)———0.2%
12:30🇺🇸2 pointsPersonal Spending (MoM) (Aug)0.3%0.5%
12:30🇺🇸2 pointsRetail Inventories Ex Auto (Aug)———0.5%
14:00🇺🇸2 pointsMichigan 1-Year Inflation Expectations (Sep)2.7%2.8%
14:00🇺🇸2 pointsMichigan 5-Year Inflation Expectations (Sep)3.1%3.0%
14:00🇺🇸2 pointsMichigan Consumer Expectations (Sep)73.072.1
14:00🇺🇸2 pointsMichigan Consumer Sentiment (Sep)69.467.9
14:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)2.9%2.9%
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———488
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———588
17:15🇺🇸2 pointsFOMC Member Bowman Speaks——————
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———145.3K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———310.1K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———19.2K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———-122.9K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———-40.1K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———56.8K
19:30🇪🇺2 pointsCFTC EUR speculative net positions———69.6K

Summary of Upcoming Economic Events on September 27, 2024

  1. RBA Financial Stability Review (01:30 UTC): The Reserve Bank of Australia’s semi-annual report assessing risks to the financial system. It could influence AUD depending on any concerns raised about the economy or banking sector.
  2. ECB’s Lane Speaks (08:15 UTC): Remarks from ECB Chief Economist Philip Lane, providing insights into the Eurozone’s economic outlook or inflation trends.
  3. US Core PCE Price Index (MoM) (Aug) (12:30 UTC): A key inflation measure used by the Federal Reserve. Forecast: +0.2%, Previous: +0.2%.
  4. US Core PCE Price Index (YoY) (Aug) (12:30 UTC): Year-over-year change in core inflation. Previous: +2.6%.
  5. US Goods Trade Balance (Aug) (12:30 UTC): Measures the difference between the value of exported and imported goods. Forecast: -$100.20B, Previous: -$102.66B.
  6. US PCE Price Index (YoY) (Aug) (12:30 UTC): Year-over-year change in the overall Personal Consumption Expenditures price index. Previous: +2.5%.
  7. US PCE Price Index (MoM) (Aug) (12:30 UTC): Monthly change in PCE inflation. Previous: +0.2%.
  8. US Personal Spending (MoM) (Aug) (12:30 UTC): Measures the monthly change in consumer spending. Forecast: +0.3%, Previous: +0.5%.
  9. US Retail Inventories Ex Auto (Aug) (12:30 UTC): Monthly change in retail inventories excluding the automotive sector. Previous: +0.5%.
  10. US Michigan 1-Year Inflation Expectations (Sep) (14:00 UTC): Consumers’ inflation expectations for the next year. Forecast: 2.7%, Previous: 2.8%.
  11. US Michigan 5-Year Inflation Expectations (Sep) (14:00 UTC): Long-term inflation expectations. Forecast: 3.1%, Previous: 3.0%.
  12. US Michigan Consumer Expectations (Sep) (14:00 UTC): Measures consumer outlook on future economic conditions. Forecast: 73.0, Previous: 72.1.
  13. US Michigan Consumer Sentiment (Sep) (14:00 UTC): A key indicator of overall consumer sentiment. Forecast: 69.4, Previous: 67.9.
  14. US Atlanta Fed GDPNow (Q3) (14:30 UTC): Real-time estimate of US GDP growth for Q3. Previous: +2.9%.
  15. US Baker Hughes Oil Rig Count (17:00 UTC): The number of active oil rigs in the US. Previous: 488.
  16. US Baker Hughes Total Rig Count (17:00 UTC): The total number of active rigs, including oil and gas. Previous: 588.
  17. FOMC Member Bowman Speaks (17:15 UTC): Comments from Federal Reserve Governor Michelle Bowman, likely providing insights into US monetary policy.
  18. CFTC Speculative Net Positions (19:30 UTC): Weekly data on speculative net positions across several markets, indicating market sentiment:
  • Crude Oil: Previous: 145.3K
  • Gold: Previous: 310.1K
  • Nasdaq 100: Previous: 19.2K
  • S&P 500: Previous: -122.9K
  • AUD: Previous: -40.1K
  • JPY: Previous: 56.8K
  • EUR: Previous: 69.6K

Market Impact Analysis

  • RBA Financial Stability Review: Any concerns about financial stability may impact AUD, especially if the report highlights risks to the banking or housing sector.
  • US Core PCE Price Index & Personal Spending: Key inflation data could shape expectations for future Federal Reserve actions. Higher-than-expected inflation or spending data could strengthen USD as it may signal further tightening by the Fed.
  • Michigan Consumer Sentiment & Inflation Expectations: These figures provide insight into US consumer confidence and inflation outlook. Weaker consumer sentiment could weigh on USD, while stable inflation expectations would support current Fed policy.
  • CFTC Speculative Net Positions: Changes in speculative positions provide clues about market sentiment. For example, increasing crude oil positions might signal bullishness in the energy market, while shifts in gold or equity positions could indicate changes in risk appetite.

Overall Impact

  • Volatility: Moderate, driven by key US inflation and spending data along with consumer sentiment. Additionally, speeches by Federal Reserve officials may add to market movements.
  • Impact Score: 7/10, as inflation data, consumer sentiment, and market positioning will be closely watched across multiple asset classes.

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