Upcoming economic events 6 August 2024

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

1. Australia Building Approvals (MoM) (Jun): Monthly change in the number of new building approvals. Forecast: -6.5%, Previous: +5.5%.
2. Japan 10-Year JGB Auction: Auction of 10-year Japanese Government Bonds. Previous Yield: 1.091%.
3. Australia RBA Interest Rate Decision (Aug): Decision on the benchmark interest rate by the Reserve Bank of Australia. Forecast: 4.35%, Previous: 4.35%.
4. Australia RBA Monetary Policy Statement: Provides insights into the RBA’s economic outlook and monetary policy.
5. Australia RBA Rate Statement: Statement accompanying the interest rate decision, offering additional context on the RBA’s policy stance.
6. US Exports (Jun): Total value of goods and services exported by the US. Previous: $261.70B.
7. US Imports (Jun): Total value of goods and services imported by the US. Previous: $336.70B.
8. US Trade Balance (Jun): Difference between exports and imports. Forecast: -$72.50B, Previous: -$75.10B.
9. US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3. Previous: +2.5%.
10. US EIA Short-Term Energy Outlook: Report on forecasts and analysis of energy markets.
11. US 3-Year Note Auction: Auction of 3-year US Treasury notes. Previous Yield: 4.399%.
12. 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.