Jeremy Oles

Published On: 30/07/2024
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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 31 July 2024
By Published On: 30/07/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsCPI (QoQ) (Q2)1.0%1.0%
01:30🇦🇺2 pointsCPI (YoY) (Q2)3.8%3.6%
01:30🇦🇺2 pointsRetail Sales (MoM) (Jun)0.2%0.6%
01:30🇦🇺2 pointsTrimmed Mean CPI (QoQ) (Q2)1.0%1.0%
01:30🇨🇳2 pointsChinese Composite PMI (Jul)———50.5
01:30🇨🇳2 pointsManufacturing PMI (Jul)49.449.5
01:30🇨🇳2 pointsNon-Manufacturing PMI (Jul)50.250.5
02:30🇯🇵2 pointsBoJ Monetary Policy Statement——————
03:00🇯🇵2 pointsBoJ Interest Rate Decision0.10%0.10%
04:00🇯🇵2 pointsBoJ Outlook Report (YoY)——————
06:30🇯🇵2 pointsBoJ Press Conference——————
09:00🇪🇺2 pointsCore CPI (YoY) (Jul)2.8%2.9%
09:00🇪🇺2 pointsCPI (MoM) (Jul)———0.2%
09:00🇪🇺2 pointsCPI (YoY) (Jul)2.5%2.5%
12:15🇺🇸2 pointsADP Nonfarm Employment Change (Jul)147K150K
12:30🇺🇸2 pointsEmployment Cost Index (QoQ) (Q2)1.0%1.2%
13:45🇺🇸2 pointsChicago PMI (Jul)44.847.4
14:00🇺🇸2 pointsPending Home Sales (MoM) (Jun)1.4%-2.1%
14:30🇺🇸2 pointsCrude Oil Inventories———-3.741M
14:30🇺🇸2 pointsCushing Crude Oil Inventories———-1.708M
18:00🇺🇸2 pointsFOMC Statement——————
18:00🇺🇸2 pointsFed Interest Rate Decision5.50%5.50%
18:30🇺🇸2 pointsFOMC Press Conference——————

Summary of Upcoming Economic Events on July 31, 2024

  1. Australia CPI (QoQ) (Q2): Quarterly change in the consumer price index. Forecast: +1.0%, Previous: +1.0%.
  2. Australia CPI (YoY) (Q2): Annual change in the consumer price index. Forecast: +3.8%, Previous: +3.6%.
  3. Australia Retail Sales (MoM) (Jun): Monthly change in retail sales. Forecast: +0.2%, Previous: +0.6%.
  4. Australia Trimmed Mean CPI (QoQ) (Q2): Quarterly change in the core inflation measure. Forecast: +1.0%, Previous: +1.0%.
  5. China Composite PMI (Jul): A composite index of manufacturing and non-manufacturing activity. Previous: 50.5.
  6. China Manufacturing PMI (Jul): Measures activity in the manufacturing sector. Forecast: 49.4, Previous: 49.5.
  7. China Non-Manufacturing PMI (Jul): Measures activity in the non-manufacturing sector. Forecast: 50.2, Previous: 50.5.
  8. BoJ Monetary Policy Statement: Provides insights into the Bank of Japan’s economic outlook and policy.
  9. BoJ Interest Rate Decision: Decision on Japan’s benchmark interest rate. Forecast: 0.10%, Previous: 0.10%.
  10. BoJ Outlook Report (YoY): Report on the Bank of Japan’s economic and inflation outlook.
  11. BoJ Press Conference: Further insights into BoJ policy decisions and economic outlook.
  12. Eurozone Core CPI (YoY) (Jul): Annual change in the core consumer price index. Forecast: +2.8%, Previous: +2.9%.
  13. Eurozone CPI (MoM) (Jul): Monthly change in the consumer price index. Previous: +0.2%.
  14. Eurozone CPI (YoY) (Jul): Annual change in the consumer price index. Forecast: +2.5%, Previous: +2.5%.
  15. US ADP Nonfarm Employment Change (Jul): Monthly change in private sector employment. Forecast: 147K, Previous: 150K.
  16. US Employment Cost Index (QoQ) (Q2): Quarterly change in the cost of labor. Forecast: +1.0%, Previous: +1.2%.
  17. US Chicago PMI (Jul): Measures business conditions in the Chicago area. Forecast: 44.8, Previous: 47.4.
  18. US Pending Home Sales (MoM) (Jun): Monthly change in signed contracts to buy existing homes. Forecast: +1.4%, Previous: -2.1%.
  19. US Crude Oil Inventories: Weekly change in US crude oil inventories. Previous: -3.741M.
  20. US Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -1.708M.
  21. FOMC Statement: Provides updates on the Federal Reserve’s monetary policy stance.
  22. Fed Interest Rate Decision: Decision on the benchmark interest rate. Forecast: 5.50%, Previous: 5.50%.
  23. 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.
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