Upcoming economic events 28 October 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
15:30		2 points	2-Year Note Auction	———	3.520%
17:00		2 points	5-Year Note Auction	———	3.519%
19:45		2 points	ECB’s De Guindos Speaks	———	———

Summary of Upcoming Economic Events on October 28, 2024

1. US 2-Year Note Auction (15:30 UTC):
   The US Treasury auctions 2-year government notes. Previous yield: 3.520%. Higher yields may indicate increased borrowing costs or inflation expectations, supporting the USD.
2. US 5-Year Note Auction (17:00 UTC):
   The auction for 5-year US Treasury notes. Previous yield: 3.519%. Rising yields would suggest market expectations for higher inflation or tighter monetary policy.
3. ECB’s De Guindos Speaks (19:45 UTC):
   Remarks from ECB Vice President Luis de Guindos could provide insights into the Eurozone’s economic outlook, inflation concerns, or future ECB policy moves.

Market Impact Analysis

• US Treasury Note Auctions (2-Year and 5-Year):
  Higher-than-expected yields would indicate rising inflation expectations or tighter market conditions, which would likely support the USD. Conversely, lower yields may suggest easing inflation pressures, which could weigh on the dollar.
• ECB De Guindos Speech:
  Hawkish remarks from De Guindos would support the EUR by signaling commitment to control inflation. Dovish comments may weaken the EUR by indicating a cautious approach due to economic challenges.

Overall Impact

Volatility:
Low to moderate, with focus on US bond auction yields and ECB commentary. Bond yields will influence market expectations for inflation, while ECB insights may impact the EUR.

Impact Score: 5/10, as bond yields and central bank remarks will guide market expectations for inflation, economic growth, and potential monetary policy shifts.