Jeremy Oles

Published On: 29/08/2024
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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 30 August 2024
By Published On: 29/08/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsRetail Sales (MoM) (Jul)0.5%0.1%
07:05🇪🇺2 pointsECB’s Schnabel Speaks——————
07:35🇪🇺2 pointsECB’s Schnabel Speaks——————
09:00🇪🇺2 pointsCore CPI (YoY) (Aug)2.8%2.9%
09:00🇪🇺2 pointsCPI (MoM) (Aug)———0.0%
09:00🇪🇺3 pointsCPI (YoY) (Aug)2.2%2.6%
09:00🇪🇺2 pointsUnemployment Rate (Jul)6.5%6.5%
10:00🇪🇺2 pointsEurogroup Meetings——————
12:30🇺🇸3 pointsCore PCE Price Index (MoM) (Jul)0.2%0.2%
12:30🇺🇸3 pointsCore PCE Price Index (YoY) (Jul)2.7%2.6%
12:30🇺🇸2 pointsPCE price index (MoM) (Jul)0.2%0.1%
12:30🇺🇸2 pointsPCE Price index (YoY) (Jul)2.6%2.5%
12:30🇺🇸2 pointsPersonal Spending (MoM) (Jul)0.5%0.3%
13:45🇺🇸3 pointsChicago PMI (Aug)45.045.3
14:00🇺🇸2 pointsMichigan 1-Year Inflation Expectations (Aug)2.9%2.9%
14:00🇺🇸2 pointsMichigan 5-Year Inflation Expectations (Aug)3.0%3.0%
14:00🇺🇸2 pointsMichigan Consumer Expectations (Aug)72.168.8
14:00🇺🇸2 pointsMichigan Consumer Sentiment (Aug)67.866.4
14:00🇪🇺2 pointsECB’s Supervisory Board
Member Jochnick Speaks		——————
14:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3)2.0%2.0%
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———483
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———585
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———222.3K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———291.3K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———11.4K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———-84.8K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———-38.9K
19:30🇯🇵2 pointsCFTC JPY speculative net positions———23.6K
19:30🇪🇺2 pointsCFTC EUR speculative net positions———56.0K

Summary of Upcoming Economic Events on August 30, 2024

  1. Australia Retail Sales (MoM) (Jul) (01:30 UTC): Monthly change in retail sales. Forecast: +0.5%, Previous: +0.1%.
  2. ECB’s Schnabel Speaks (07:05 & 07:35 UTC): Remarks from Isabel Schnabel, a member of the ECB’s Executive Board, potentially providing insights into the ECB’s policy stance and economic outlook.
  3. Eurozone Core CPI (YoY) (Aug) (09:00 UTC): Annual change in the core consumer price index, excluding food and energy. Forecast: +2.8%, Previous: +2.9%.
  4. Eurozone CPI (MoM) (Aug) (09:00 UTC): Monthly change in the consumer price index. Previous: 0.0%.
  5. Eurozone CPI (YoY) (Aug) (09:00 UTC): Annual change in the consumer price index. Forecast: +2.2%, Previous: +2.6%.
  6. Eurozone Unemployment Rate (Jul) (09:00 UTC): Percentage of the labor force that is unemployed. Forecast: 6.5%, Previous: 6.5%.
  7. Eurogroup Meetings (10:00 UTC): Meeting of Eurozone finance ministers to discuss economic policies and financial stability within the Eurozone.
  8. US Core PCE Price Index (MoM) (Jul) (12:30 UTC): Monthly change in the core Personal Consumption Expenditures price index, excluding food and energy. Forecast: +0.2%, Previous: +0.2%.
  9. US Core PCE Price Index (YoY) (Jul) (12:30 UTC): Annual change in the core Personal Consumption Expenditures price index. Forecast: +2.7%, Previous: +2.6%.
  10. US PCE Price Index (MoM) (Jul) (12:30 UTC): Monthly change in the overall Personal Consumption Expenditures price index. Forecast: +0.2%, Previous: +0.1%.
  11. US PCE Price Index (YoY) (Jul) (12:30 UTC): Annual change in the overall Personal Consumption Expenditures price index. Forecast: +2.6%, Previous: +2.5%.
  12. US Personal Spending (MoM) (Jul) (12:30 UTC): Monthly change in personal spending. Forecast: +0.5%, Previous: +0.3%.
  13. US Chicago PMI (Aug) (13:45 UTC): Measures business conditions in the Chicago area. Forecast: 45.0, Previous: 45.3.
  14. US Michigan 1-Year Inflation Expectations (Aug) (14:00 UTC): Consumers’ expectations for inflation over the next year. Previous: 2.9%.
  15. US Michigan 5-Year Inflation Expectations (Aug) (14:00 UTC): Consumers’ expectations for inflation over the next five years. Previous: 3.0%.
  16. US Michigan Consumer Expectations (Aug) (14:00 UTC): Consumers’ outlook on future economic conditions. Forecast: 72.1, Previous: 68.8.
  17. US Michigan Consumer Sentiment (Aug) (14:00 UTC): Overall measure of consumer confidence. Forecast: 67.8, Previous: 66.4.
  18. ECB’s Supervisory Board Member Jochnick Speaks (14:00 UTC): Remarks from Kerstin Jochnick, potentially providing insights into the ECB’s supervisory approach and financial stability.
  19. US Atlanta Fed GDPNow (Q3) (14:30 UTC): Real-time estimate of US GDP growth for the third quarter. Previous: 2.0%.
  20. US Baker Hughes Oil Rig Count (17:00 UTC): Weekly count of active oil rigs in the US. Previous: 483.
  21. US Baker Hughes Total Rig Count (17:00 UTC): Weekly count of total active rigs in the US. Previous: 585.
  22. CFTC Speculative Net Positions (Crude Oil, Gold, Nasdaq 100, S&P 500, AUD, JPY, EUR) (19:30 UTC): Weekly data on speculative positions in various commodities and currencies, providing insight into market sentiment.

Market Impact Analysis

  • Australia Retail Sales: An increase suggests strong consumer spending, supporting AUD; weaker sales could indicate economic caution.
  • ECB Speeches and Eurogroup Meetings: Remarks from ECB officials and discussions during Eurogroup meetings can provide insights into future monetary policy, impacting EUR.
  • Eurozone CPI and Unemployment Rate: Lower CPI suggests easing inflation pressures, impacting EUR; stable unemployment indicates a steady labor market.
  • US Core PCE and Personal Spending: These are key indicators of inflation and consumer behavior. Higher PCE figures could increase expectations for Fed tightening, supporting USD. Strong personal spending indicates economic resilience.
  • US Chicago PMI and Consumer Sentiment: Lower PMI suggests manufacturing sector challenges, potentially impacting USD and equities. Improving consumer sentiment supports market confidence.
  • CFTC Speculative Net Positions: Reflects market sentiment; significant shifts could indicate potential volatility in commodities and currency markets.

Overall Impact

  • Volatility: High, particularly due to key inflation and spending data from the US and ongoing ECB commentary.
  • Impact Score: 7/10, indicating a high potential for market movements.
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