Upcoming economic events 4 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Trade Balance	6.200B	6.548B
09:00		2 points	ECB’s Lane Speaks	———	———
09:35		2 points	ECB McCaul Speaks	———	———
11:30		2 points	ECB Publishes Account of Monetary Policy Meeting	———	———
20:30		2 points	Fed’s Balance Sheet	———	7,231B
23:30		2 points	Household Spending (YoY) (May)	0.2%	0.5%
23:30		2 points	Household Spending (MoM) (May)	0.5%	-1.2%

Summary of Upcoming Economic Events on July 4, 2024

1. Australia Trade Balance (May): Measures the difference between exports and imports. Forecast: 6.200B, Previous: 6.548B.
2. ECB’s Lane Speaks (Eurozone): Speech by an influential ECB member.
3. ECB’s McCaul Speaks (Eurozone): Speech by another ECB official.
4. ECB Monetary Policy Meeting Account: Detailed record of the ECB’s recent meeting.
5. Fed’s Balance Sheet (US): Weekly update on the Federal Reserve’s assets. Previous: 7,231B.
6. Japan Household Spending (YoY) (May): Year-over-year change in spending. Forecast: 0.2%, Previous: 0.5%.
7. Japan Household Spending (MoM) (May): Month-over-month change in spending. Forecast: 0.5%, Previous: -1.2%.

Market Impact Analysis

• Australia Trade Balance: Stable figures indicate normal trade activity. Deviations could impact the AUD.
• ECB Speeches: Expected comments maintain stability. Surprises could influence Eurozone markets.
• ECB Meeting Account: Insights into ECB policy. Unexpected details might affect market expectations.
• Fed’s Balance Sheet: Stable figures support confidence. Changes might impact US market sentiment.
• Japan Household Spending: Stable spending suggests economic health. Deviations could affect the JPY.

Overall Impact

• Volatility: Moderate, with potential increases from ECB speeches and meeting accounts.
• Impact Score: 5/10, indicating moderate market movement potential from these events.