Upcoming economic events 30 December 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
14:45		3 points	Chicago PMI (Dec)	42.7	40.2
15:00		2 points	Pending Home Sales (MoM) (Nov)	0.9%	2.0%
20:30		2 points	CFTC Crude Oil speculative net positions	———-	230.0K
20:30		2 points	CFTC Gold speculative net positions	———-	262.0K
20:30		2 points	CFTC Nasdaq 100 speculative net positions	———-	36.1K
20:30		2 points	CFTC S&P 500 speculative net positions	———-	-39.9K
20:30		2 points	CFTC AUD speculative net positions	———-	-61.5K
20:30		2 points	CFTC JPY speculative net positions	———-	6.0K
20:30		2 points	CFTC EUR speculative net positions	———-	-65.9K

Summary of Upcoming Economic Events on December 30, 2024

1. US Chicago PMI (14:45 UTC):
   • Forecast: 42.7, Previous: 40.2.
     The Chicago Purchasing Managers’ Index measures business activity in the Midwest. A reading below 50 signals contraction. Improving numbers would indicate economic stabilization, supporting the USD, while a further decline may suggest ongoing weakness.
2. US Pending Home Sales (MoM) (15:00 UTC):
   • Forecast: 0.9%, Previous: 2.0%.
     Tracks signed contracts for home sales. Positive growth indicates robust housing demand, supporting the USD. Negative surprises would signal weakening activity.
3. CFTC Speculative Net Positions (20:30 UTC):
   • Monitors speculative positions in crude oil, gold, equity indices (Nasdaq 100, S&P 500), and key currencies (AUD, JPY, EUR). Changes provide insights into market sentiment and risk appetite.

Market Impact AnalysisUS Chicago PMI:

• Positive Scenario: A higher-than-expected PMI would signal improving business conditions, supporting the USD.
• Negative Scenario: A lower-than-expected PMI would weigh on the USD by reflecting persistent economic weakness.

• Pending Home Sales:
  • Positive Scenario: Growth in pending home sales suggests housing market resilience, supporting the USD.
  • Negative Scenario: A decline in sales could weigh on the currency by indicating slowing economic activity.
• CFTC Speculative Positions:
  Changes in speculative positions may reflect shifts in market sentiment and investor risk appetite, potentially influencing commodities, currencies, and equity markets.

Overall Impact

Volatility: Moderate, driven by Chicago PMI and pending home sales data, alongside speculative positioning.

Impact Score: 6/10, with a primary focus on US PMI and housing data shaping short-term USD trends.