Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 14:30 |  | 3 points | Crude Oil Inventories | ——— | -3.436M |
| 14:30 | | 2 points | Cushing Crude Oil Inventories | ——— | -1.106M |
| 15:06 |  | 2 points | Exports (YoY) (Jul) | ——— | 8.6% |
| 15:06 | | 2 points | Imports (YoY) (Jul) | ——— | -2.3% |
| 15:06 | | 2 points | Trade Balance (USD) (Jul) | ——— | 99.05B |
| 17:00 | | 3 points | 10-Year Note Auction | ——— | 4.276% |
| 19:00 | | 2 points | Consumer Credit (Jun) | 11.50B | 11.35B |
| 19:30 |  | 2 points | ECB McCaul Speaks | ——— | ——— |
| 23:50 |  | 2 points | Adjusted Current Account (Jun) | 2.29T | 2.41T |
| 23:50 | | 2 points | Current Account n.s.a. (Jun) | 1.790T | 2.850T |
Summary of Upcoming Economic Events on August 7, 2024
- US Crude Oil Inventories: Weekly change in the number of barrels of crude oil held in inventory by commercial firms. Previous: -3.436M.
- US Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -1.106M.
- China Exports (YoY) (Jul): Annual change in the value of exports. Previous: +8.6%.
- China Imports (YoY) (Jul): Annual change in the value of imports. Previous: -2.3%.
- China Trade Balance (USD) (Jul): Difference between exports and imports. Previous: 99.05B.
- US 10-Year Note Auction: Investor demand for 10-year US Treasury notes. Previous Yield: 4.276%.
- US Consumer Credit (Jun): Change in the total value of outstanding consumer credit. Forecast: +11.50B, Previous: +11.35B.
- ECB McCaul Speaks: Comments from a European Central Bank official, providing insights into economic and policy outlook.
- Japan Adjusted Current Account (Jun): Balance of current transactions, including goods, services, and interest payments. Forecast: 2.29T, Previous: 2.41T.
- Japan Current Account n.s.a. (Jun): Non-seasonally adjusted current account balance. Forecast: 1.790T, Previous: 2.850T.
Market Impact Analysis
- US Crude Oil Inventories: Lower inventories support oil prices; higher inventories could pressure prices downwards.
- China Trade Data: Strong export growth and a positive trade balance support CNY; weaker import data may indicate domestic economic concerns.
- US 10-Year Note Auction: Strong demand supports bonds and lowers yields; weak demand could raise yields and impact equities.
- US Consumer Credit: Rising consumer credit suggests strong consumer spending, supporting USD and economic growth.
- ECB McCaul Speaks: Comments could provide insights into future ECB policy, influencing EUR and Eurozone markets.
- Japan Current Account: A surplus supports JPY; significant changes indicate shifts in trade and investment flows.
Overall Impact
- Volatility: Moderate to high, with significant potential reactions in equity, bond, commodity, and currency markets.
- Impact Score: 7/10, indicating a high potential for market movements.
