Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Construction Work Done (QoQ) (Q2) | 0.6% | -2.9% |
| 05:15 |  | 2 points | Fed Waller Speaks | ——— | ——— |
| 10:00 |  | 2 points | Eurogroup Meetings | ——— | ——— |
| 14:30 | | 3 points | Crude Oil Inventories | ——— | -4.649M |
| 14:30 | | 2 points | Cushing Crude Oil Inventories | ——— | -0.560M |
| 17:00 | | 2 points | 5-Year Note Auction | ——— | 4.121% |
| 22:00 | | 2 points | FOMC Member Bostic Speaks | ——— | ——— |
Summary of Upcoming Economic Events on August 28, 2024
- Australia Construction Work Done (QoQ) (Q2) (01:30 UTC): Quarterly change in the total value of construction work completed. Forecast: +0.6%, Previous: -2.9%.
- Fed Waller Speaks (05:15 UTC): Comments from Federal Reserve Governor Christopher Waller, potentially providing insights into the Fed’s economic outlook and monetary policy.
- Eurogroup Meetings (10:00 UTC): Meeting of Eurozone finance ministers to discuss economic policies and financial stability within the Eurozone.
- US Crude Oil Inventories (14:30 UTC): Weekly change in the number of barrels of crude oil held in inventory by commercial firms. Previous: -4.649M.
- US Cushing Crude Oil Inventories (14:30 UTC): Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -0.560M.
- US 5-Year Note Auction (17:00 UTC): Auction of 5-year US Treasury notes. Previous Yield: 4.121%.
- FOMC Member Bostic Speaks (22:00 UTC): Remarks from Atlanta Fed President Raphael Bostic, offering insights into the Fed’s policy stance and economic outlook.
Market Impact Analysis
- Australia Construction Work Done: An increase suggests recovery in the construction sector, supporting AUD and signaling economic growth. A decrease may indicate ongoing challenges in the sector.
- Fed Waller Speaks: Any comments on future monetary policy or economic conditions can influence market expectations and impact USD. Hawkish comments may boost USD, while dovish comments could support equities.
- Eurogroup Meetings: Discussions may influence EUR, particularly if significant economic policies or financial stability measures are announced.
- US Crude Oil and Cushing Inventories: Lower inventories generally support higher oil prices, while higher inventories can lead to price declines. These figures are closely watched for insights into supply and demand dynamics.
- US 5-Year Note Auction: Investor demand for 5-year Treasury notes can impact bond yields and market sentiment. High demand usually supports bond prices and lowers yields, while low demand could have the opposite effect.
- FOMC Member Bostic Speaks: Insights from Bostic can affect expectations for Fed policy, influencing USD and market sentiment.
Overall Impact
- Volatility: Moderate, with potential reactions in equity, bond, currency, and commodity markets, especially from oil inventory data and Fed communications.
- Impact Score: 6/10, indicating moderate potential for market movements.
