Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 12:50 |  | 2 points | FOMC Member Bowman Speaks | ——— | ——— |
| 13:00 |  | 2 points | ECB President Lagarde Speaks | ——— | ——— |
| 13:45 | | 3 points | Chicago PMI (Sep) | 46.1 | 46.1 |
| 17:55 | | 3 points | Fed Chair Powell Speaks | ——— | ——— |
| 21:00 |  | 2 points | NZIER Business Confidence (Q3) | ——— | -44% |
| 23:50 |  | 2 points | Tankan All Big Industry CAPEX (Q3) | ——— | 11.1% |
| 23:50 | | 2 points | Tankan Big Manufacturing Outlook Index (Q3) | ——— | 14 |
| 23:50 | | 2 points | Tankan Large Manufacturers Index (Q3) | 12 | 13 |
| 23:50 | | 2 points | Tankan Large Non-Manufacturers Index (Q3) | 32 | 33 |
Summary of Upcoming Economic Events on September 30, 2024
- FOMC Member Bowman Speaks (12:50 UTC): Comments from Federal Reserve Governor Michelle Bowman may provide insights into US economic outlook and future interest rate decisions.
- ECB President Lagarde Speaks (13:00 UTC): Remarks from ECB President Christine Lagarde, which could offer guidance on the Eurozone’s inflation outlook and future monetary policy actions.
- US Chicago PMI (Sep) (13:45 UTC): A key indicator of manufacturing activity in the Chicago region. Forecast: 46.1, Previous: 46.1. A reading below 50 signals contraction.
- Fed Chair Powell Speaks (17:55 UTC): Jerome Powell’s speech is critical for gauging future Federal Reserve policy moves, especially in light of inflation and interest rate dynamics.
- NZIER Business Confidence (Q3) (21:00 UTC): New Zealand’s business sentiment, which can signal future economic activity. Previous: -44%. A negative figure indicates pessimism among businesses.
- Japan Tankan All Big Industry CAPEX (Q3) (23:50 UTC): Measures capital expenditure expectations across all industries. Previous: +11.1%. Indicates business investment sentiment.
- Japan Tankan Big Manufacturing Outlook Index (Q3) (23:50 UTC): Outlook for large manufacturers in Japan. Previous: 14. Higher readings indicate stronger optimism about future conditions.
- Japan Tankan Large Manufacturers Index (Q3) (23:50 UTC): Sentiment index for large manufacturers in Japan. Forecast: 12, Previous: 13.
- Japan Tankan Large Non-Manufacturers Index (Q3) (23:50 UTC): Sentiment among Japan’s large non-manufacturing firms. Forecast: 32, Previous: 33.
Market Impact Analysis
- FOMC and Powell Speeches: Both Bowman and Powell’s remarks will be closely watched for clues about future interest rate hikes or policy stances. Hawkish comments could boost USD, while dovish remarks may weaken it.
- ECB President Lagarde Speech: Insights into Eurozone inflation or monetary policy tightening could impact EUR. If Lagarde indicates further rate hikes, it could strengthen EUR.
- US Chicago PMI: A weaker PMI would indicate contraction in manufacturing, potentially softening USD as it signals economic slowdown. A positive surprise could strengthen the dollar.
- NZIER Business Confidence: A further decline in business sentiment may weigh on NZD, as it suggests weak future economic growth.
- Japan Tankan Indices: These indicators provide insights into business sentiment and future investment in Japan. Weaker indices could weigh on JPY, while strong readings would suggest economic resilience.
Overall Impact
- Volatility: Moderate to high, with market movements expected from speeches by major central bank officials and key sentiment indicators from the US and Japan.
- Impact Score: 7/10, with significant focus on US and Japan manufacturing and business sentiment data.
