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Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | CPI (QoQ) (Q2) | 1.0% | 1.0% |
| 01:30 | | 2 points | CPI (YoY) (Q2) | 3.8% | 3.6% |
| 01:30 | | 2 points | Retail Sales (MoM) (Jun) | 0.2% | 0.6% |
| 01:30 | | 2 points | Trimmed Mean CPI (QoQ) (Q2) | 1.0% | 1.0% |
| 01:30 |  | 2 points | Chinese Composite PMI (Jul) | ——— | 50.5 |
| 01:30 | | 2 points | Manufacturing PMI (Jul) | 49.4 | 49.5 |
| 01:30 | | 2 points | Non-Manufacturing PMI (Jul) | 50.2 | 50.5 |
| 02:30 |  | 2 points | BoJ Monetary Policy Statement | ——— | ——— |
| 03:00 | | 2 points | BoJ Interest Rate Decision | 0.10% | 0.10% |
| 04:00 | | 2 points | BoJ Outlook Report (YoY) | ——— | ——— |
| 06:30 | | 2 points | BoJ Press Conference | ——— | ——— |
| 09:00 |  | 2 points | Core CPI (YoY) (Jul) | 2.8% | 2.9% |
| 09:00 | | 2 points | CPI (MoM) (Jul) | ——— | 0.2% |
| 09:00 | | 2 points | CPI (YoY) (Jul) | 2.5% | 2.5% |
| 12:15 |  | 2 points | ADP Nonfarm Employment Change (Jul) | 147K | 150K |
| 12:30 | | 2 points | Employment Cost Index (QoQ) (Q2) | 1.0% | 1.2% |
| 13:45 | | 2 points | Chicago PMI (Jul) | 44.8 | 47.4 |
| 14:00 | | 2 points | Pending Home Sales (MoM) (Jun) | 1.4% | -2.1% |
| 14:30 | | 2 points | Crude Oil Inventories | ——— | -3.741M |
| 14:30 | | 2 points | Cushing Crude Oil Inventories | ——— | -1.708M |
| 18:00 | | 2 points | FOMC Statement | ——— | ——— |
| 18:00 | | 2 points | Fed Interest Rate Decision | 5.50% | 5.50% |
| 18:30 | | 2 points | FOMC Press Conference | ——— | ——— |
Summary of Upcoming Economic Events on July 31, 2024
- Australia CPI (QoQ) (Q2): Quarterly change in the consumer price index. Forecast: +1.0%, Previous: +1.0%.
- Australia CPI (YoY) (Q2): Annual change in the consumer price index. Forecast: +3.8%, Previous: +3.6%.
- Australia Retail Sales (MoM) (Jun): Monthly change in retail sales. Forecast: +0.2%, Previous: +0.6%.
- Australia Trimmed Mean CPI (QoQ) (Q2): Quarterly change in the core inflation measure. Forecast: +1.0%, Previous: +1.0%.
- China Composite PMI (Jul): A composite index of manufacturing and non-manufacturing activity. Previous: 50.5.
- China Manufacturing PMI (Jul): Measures activity in the manufacturing sector. Forecast: 49.4, Previous: 49.5.
- China Non-Manufacturing PMI (Jul): Measures activity in the non-manufacturing sector. Forecast: 50.2, Previous: 50.5.
- BoJ Monetary Policy Statement: Provides insights into the Bank of Japan’s economic outlook and policy.
- BoJ Interest Rate Decision: Decision on Japan’s benchmark interest rate. Forecast: 0.10%, Previous: 0.10%.
- BoJ Outlook Report (YoY): Report on the Bank of Japan’s economic and inflation outlook.
- BoJ Press Conference: Further insights into BoJ policy decisions and economic outlook.
- Eurozone Core CPI (YoY) (Jul): Annual change in the core consumer price index. Forecast: +2.8%, Previous: +2.9%.
- Eurozone CPI (MoM) (Jul): Monthly change in the consumer price index. Previous: +0.2%.
- Eurozone CPI (YoY) (Jul): Annual change in the consumer price index. Forecast: +2.5%, Previous: +2.5%.
- US ADP Nonfarm Employment Change (Jul): Monthly change in private sector employment. Forecast: 147K, Previous: 150K.
- US Employment Cost Index (QoQ) (Q2): Quarterly change in the cost of labor. Forecast: +1.0%, Previous: +1.2%.
- US Chicago PMI (Jul): Measures business conditions in the Chicago area. Forecast: 44.8, Previous: 47.4.
- US Pending Home Sales (MoM) (Jun): Monthly change in signed contracts to buy existing homes. Forecast: +1.4%, Previous: -2.1%.
- US Crude Oil Inventories: Weekly change in US crude oil inventories. Previous: -3.741M.
- US Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -1.708M.
- FOMC Statement: Provides updates on the Federal Reserve’s monetary policy stance.
- Fed Interest Rate Decision: Decision on the benchmark interest rate. Forecast: 5.50%, Previous: 5.50%.
- FOMC Press Conference: Further details on Fed policy decisions and economic outlook.
Market Impact Analysis
- Australia CPI and Retail Sales: Rising inflation supports AUD; weaker retail sales may signal economic concerns.
- China PMIs: Contraction in manufacturing PMI (below 50) indicates sector weakness, impacting the yuan (CNY) and global markets.
- BoJ Policy and Outlook: Steady policy supports JPY stability; changes in outlook or policy could impact JPY and Japanese equities.
- Eurozone CPI: Stable or rising inflation supports EUR; declining inflation may pressure the ECB for policy adjustments.
- US Employment Data and PMI: Strong employment data supports USD and equities; weak Chicago PMI signals manufacturing concerns.
- US Crude Oil Inventories: Lower inventories support oil prices; higher inventories could pressure prices downwards.
- FOMC Statement and Rate Decision: Stable rates expected; any surprises could cause significant market reactions.
Overall Impact
- Volatility: High, with potential significant reactions in equity, bond, commodity, and currency markets.
- Impact Score: 8/10, indicating a high potential for market movements.
