Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Building Approvals (MoM) (Jun) | -6.5% | 5.5% |
| 03:35 |  | 2 points | 10-Year JGB Auction | ——— | 1.091% |
| 04:30 | | 3 points | RBA Interest Rate Decision (Aug) | 4.35% | 4.35% |
| 04:30 | | 2 points | RBA Monetary Policy Statement | ——— | ——— |
| 04:30 | | 2 points | RBA Rate Statement | ——— | ——— |
| 12:30 |  | 2 points | Exports (Jun) | ——— | 261.70B |
| 12:30 | | 2 points | Imports (Jun) | ——— | 336.70B |
| 12:30 | | 2 points | Trade Balance (Jun) | -72.50B | -75.10B |
| 14:30 | | 2 points | Atlanta Fed GDPNow (Q3) | 2.5% | 2.5% |
| 16:00 | | 2 points | EIA Short-Term Energy Outlook | ——— | ——— |
| 17:00 | | 2 points | 3-Year Note Auction | ——— | 4.399% |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | ——— | -4.495M |
Summary of Upcoming Economic Events on August 6, 2024
- Australia Building Approvals (MoM) (Jun): Monthly change in the number of new building approvals. Forecast: -6.5%, Previous: +5.5%.
- Japan 10-Year JGB Auction: Auction of 10-year Japanese Government Bonds. Previous Yield: 1.091%.
- Australia RBA Interest Rate Decision (Aug): Decision on the benchmark interest rate by the Reserve Bank of Australia. Forecast: 4.35%, Previous: 4.35%.
- Australia RBA Monetary Policy Statement: Provides insights into the RBA’s economic outlook and monetary policy.
- Australia RBA Rate Statement: Statement accompanying the interest rate decision, offering additional context on the RBA’s policy stance.
- US Exports (Jun): Total value of goods and services exported by the US. Previous: $261.70B.
- US Imports (Jun): Total value of goods and services imported by the US. Previous: $336.70B.
- US Trade Balance (Jun): Difference between exports and imports. Forecast: -$72.50B, Previous: -$75.10B.
- US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3. Previous: +2.5%.
- US EIA Short-Term Energy Outlook: Report on forecasts and analysis of energy markets.
- US 3-Year Note Auction: Auction of 3-year US Treasury notes. Previous Yield: 4.399%.
- US API Weekly Crude Oil Stock: Weekly change in US crude oil inventories. Previous: -4.495M.
Market Impact Analysis
- New Zealand Building Approvals: A significant decline could indicate a cooling construction sector, potentially impacting NZD.
- Japan 10-Year JGB Auction: Yield changes can influence JPY and bond market sentiment.
- Australia RBA Interest Rate Decision: Steady rates suggest stable monetary policy; any change could impact AUD and Australian equities.
- US Trade Data: A lower trade deficit supports USD; higher deficit may indicate economic weaknesses.
- US Atlanta Fed GDPNow: Stable GDP estimate supports economic confidence; significant changes influence market sentiment.
- US EIA Energy Outlook and API Crude Oil Stock: Insights and inventory changes impact oil prices and energy sector stocks.
Overall Impact
- Volatility: Moderate to high, with potential reactions in equity, bond, currency, and commodity markets.
- Impact Score: 7/10, indicating a high potential for market movements.
