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Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Home Loans (MoM) (Jul) | 1.0% | 0.5% |
| 07:00 |  | 2 points | ECB’s Elderson Speaks | ——— | ——— |
| 09:00 | | 2 points | GDP (QoQ) (Q2) | 0.3% | 0.3% |
| 09:00 | | 2 points | GDP (YoY) (Q2) | 0.6% | 0.4% |
| 12:30 |  | 2 points | Average Hourly Earnings (YoY) (YoY) (Aug) | 3.7% | 3.6% |
| 12:30 | | 3 points | Average Hourly Earnings (MoM) (Aug) | 0.3% | 0.2% |
| 12:30 | | 3 points | Nonfarm Payrolls (Aug) | 164K | 114K |
| 12:30 | | 2 points | Participation Rate (Aug) | ——— | 62.7% |
| 12:30 | | 2 points | Private Nonfarm Payrolls (Aug) | 139K | 97K |
| 12:30 | | 2 points | U6 Unemployment Rate (Aug) | ——— | 7.8% |
| 12:30 | | 3 points | Unemployment Rate (Aug) | 4.2% | 4.3% |
| 12:45 | | 2 points | FOMC Member Williams Speaks | ——— | ——— |
| 15:00 | | 2 points | Fed Waller Speaks | ——— | ——— |
| 17:00 | | 2 points | U.S. Baker Hughes Oil Rig Count | ——— | 483 |
| 17:00 | | 2 points | U.S. Baker Hughes Total Rig Count | ——— | 583 |
| 19:30 | | 2 points | CFTC Crude Oil speculative net positions | ——— | 226.7K |
| 19:30 | | 2 points | CFTC Gold speculative net positions | ——— | 294.4K |
| 19:30 | | 2 points | CFTC Nasdaq 100 speculative net positions | ——— | 21.4K |
| 19:30 | | 2 points | CFTC S&P 500 speculative net positions | ——— | -81.9K |
| 19:30 | | 2 points | CFTC AUD speculative net positions | ——— | -19.2K |
| 19:30 |  | 2 points | CFTC JPY speculative net positions | ——— | 25.9K |
| 19:30 | | 2 points | CFTC EUR speculative net positions | ——— | 92.8K |
Summary of Upcoming Economic Events on September 6, 2024
- Australia Home Loans (MoM) (Jul) (01:30 UTC): Monthly change in new home loans issued. Forecast: +1.0%, Previous: +0.5%.
- ECB’s Elderson Speaks (07:00 UTC): Remarks from ECB Executive Board member Frank Elderson, offering insights into ECB policy and financial stability.
- Eurozone GDP (QoQ) (Q2) (09:00 UTC): Quarterly change in Eurozone’s gross domestic product. Forecast: +0.3%, Previous: +0.3%.
- Eurozone GDP (YoY) (Q2) (09:00 UTC): Annual change in Eurozone’s GDP. Forecast: +0.6%, Previous: +0.4%.
- US Average Hourly Earnings (YoY) (Aug) (12:30 UTC): Annual change in the average hourly earnings of workers. Forecast: +3.7%, Previous: +3.6%.
- US Average Hourly Earnings (MoM) (Aug) (12:30 UTC): Monthly change in the average hourly earnings. Forecast: +0.3%, Previous: +0.2%.
- US Nonfarm Payrolls (Aug) (12:30 UTC): Number of new jobs added, excluding the farming sector. Forecast: +164K, Previous: +114K.
- US Participation Rate (Aug) (12:30 UTC): The percentage of the working-age population that is part of the labor force. Previous: 62.7%.
- US Private Nonfarm Payrolls (Aug) (12:30 UTC): Number of new private sector jobs added. Forecast: +139K, Previous: +97K.
- US U6 Unemployment Rate (Aug) (12:30 UTC): Broader measure of unemployment, including those marginally attached to the workforce and those working part-time but seeking full-time employment. Previous: 7.8%.
- US Unemployment Rate (Aug) (12:30 UTC): Percentage of the labor force that is unemployed. Forecast: 4.2%, Previous: 4.3%.
- FOMC Member Williams Speaks (12:45 UTC): Remarks from New York Fed President John Williams, potentially offering insights into future monetary policy.
- Fed Waller Speaks (15:00 UTC): Comments from Federal Reserve Governor Christopher Waller, providing further context on the Fed’s policy stance.
- US Baker Hughes Oil Rig Count (17:00 UTC): Weekly count of active oil rigs in the US. Previous: 483.
- US Baker Hughes Total Rig Count (17:00 UTC): Weekly count of all active rigs, including gas. Previous: 583.
- CFTC Speculative Net Positions (Crude Oil, Gold, Nasdaq 100, S&P 500, AUD, JPY, EUR) (19:30 UTC): Weekly data on speculative positions in various commodities and currencies, providing insight into market sentiment.
Market Impact Analysis
- Australia Home Loans: A rise in home loans suggests stronger housing demand, supporting AUD. A lower figure could signal weakening demand.
- Eurozone GDP: Stable or growing GDP supports EUR, indicating economic stability. Lower growth may weigh on the currency and raise concerns about Eurozone recovery.
- US Employment Data (Nonfarm Payrolls, Unemployment Rate, and Earnings): Strong job creation and rising wages support USD, signaling economic strength. Weaker-than-expected data could raise concerns about a potential slowdown, impacting market expectations for future Fed policy.
- FOMC Speeches (Williams and Waller): Fed members’ comments will be closely watched for signals on future interest rate hikes or policy adjustments, influencing USD and market sentiment.
- Baker Hughes Rig Counts: Lower oil rig counts may signal reduced supply, supporting oil prices, while higher counts may indicate increasing supply pressure.
- CFTC Speculative Net Positions: Changes in speculative positions can provide insights into market sentiment, with large shifts potentially indicating upcoming volatility in commodity and currency markets.
Overall Impact
- Volatility: High, particularly due to US employment data and Fed speeches, which can significantly impact currency, equity, and bond markets.
- Impact Score: 8/10, indicating high potential for market movements.
