Upcoming economic events 6 February 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	Trade Balance (Dec)	6.560B	7.079B
13:30		2 points	Continuing Jobless Claims	1,870K	1,858K
13:30		3 points	Initial Jobless Claims	214K	207K
13:30		2 points	Nonfarm Productivity (QoQ) (Q4)	1.5%	2.2%
13:30		2 points	Unit Labor Costs (QoQ) (Q4)	3.4%	0.8%
19:30		2 points	Fed Waller Speaks	———-	———-
20:30		2 points	FOMC Member Daly Speaks	———-	———-
21:30		2 points	Fed’s Balance Sheet	———-	6,818B
23:30		2 points	Household Spending (YoY) (Dec)	0.5%	-0.4%
23:30		2 points	Household Spending (MoM) (Dec)	-0.5%	0.4%

Summary of Upcoming Economic Events on February 6, 2025

Australia (🇦🇺)

1. Trade Balance (Dec)(00:30 UTC)
   • Forecast: 6.560B, Previous: 7.079B.
   • A lower surplus suggests weaker exports, which could pressure the AUD.

United States (🇺🇸)

2. Continuing Jobless Claims(13:30 UTC)
   • Forecast: 1,870K, Previous: 1,858K.
   • Rising claims may indicate softening labor conditions.
3. Initial Jobless Claims(13:30 UTC)
   • Forecast: 214K, Previous: 207K.
   • A sharp increase could signal job market weakening.
4. Nonfarm Productivity (QoQ) (Q4)(13:30 UTC)
   • Forecast: 1.5%, Previous: 2.2%.
   • Lower productivity growth may limit economic efficiency.
5. Unit Labor Costs (QoQ) (Q4)(13:30 UTC)
   • Forecast: 3.4%, Previous: 0.8%.
   • Rising labor costs could fuel inflation concerns.
6. Fed Waller Speaks(19:30 UTC)
   • Possible insights into future monetary policy.
7. FOMC Member Daly Speaks(20:30 UTC)
   • Markets will watch for comments on inflation and interest rates.
8. Fed’s Balance Sheet(21:30 UTC)
   • Previous: 6,818B.
   • Balance sheet changes could indicate Fed liquidity adjustments.

Japan (🇯🇵)

9. Household Spending (YoY) (Dec)(23:30 UTC)
   • Forecast: 0.5%, Previous: -0.4%.
   • Positive growth may signal stronger domestic demand.
10. Household Spending (MoM) (Dec) (23:30 UTC)

• Forecast: -0.5%, Previous: 0.4%.
• A decline may reflect cautious consumer behavior.

Market Impact Analysis

• AUD: Lower trade surplus may weigh on the Australian dollar.
• USD: Jobless claims and labor costs could influence Fed rate expectations.
• JPY: Household spending figures may impact consumer-driven growth outlook.

Volatility & Impact Score

• Volatility: Moderate (Key U.S. labor and productivity data).
• Impact Score: 6.5/10 – Fed speeches and labor market indicators could drive market sentiment.