Upcoming economic events 7 February 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
08:45		2 points	ECB’s De Guindos Speaks	———-	———-
13:30		3 points	Average Hourly Earnings (MoM) (Jan)	0.3%	0.3%
13:30		2 points	Average Hourly Earnings (YoY) (YoY) (Jan)	3.8%	3.9%
13:30		3 points	Nonfarm Payrolls (Jan)	169K	256K
13:30		2 points	Participation Rate (Jan)	———-	62.5%
13:30		2 points	Payrolls Benchmark, n.s.a.	———-	-818.00K
13:30		2 points	Private Nonfarm Payrolls (Jan)	141K	223K
13:30		2 points	U6 Unemployment Rate (Jan)	———-	7.5%
13:30		3 points	Unemployment Rate (Jan)	4.1%	4.1%
14:25		2 points	FOMC Member Bowman Speaks	———-	———-
15:00		3 points	Fed Monetary Policy Report	———-	———-
15:00		2 points	Michigan 1-Year Inflation Expectations (Feb)	———-	3.3%
15:00		2 points	Michigan 5-Year Inflation Expectations (Feb)	———-	3.2%
15:00		2 points	Michigan Consumer Expectations (Feb)	70.0	69.3
15:00		2 points	Michigan Consumer Sentiment (Feb)	71.9	71.1
18:00		2 points	Atlanta Fed GDPNow (Q1)	———-	———-
18:00		2 points	U.S. Baker Hughes Oil Rig Count	———-	479
18:00		2 points	U.S. Baker Hughes Total Rig Count	———-	582
20:00		2 points	Consumer Credit (Dec)	17.70B	-7.49B
20:30		2 points	CFTC Crude Oil speculative net positions	———-	264.1K
20:30		2 points	CFTC Gold speculative net positions	———-	299.4K
20:30		2 points	CFTC Nasdaq 100 speculative net positions	———-	30.7K
20:30		2 points	CFTC S&P 500 speculative net positions	———-	-56.2K
20:30		2 points	CFTC AUD speculative net positions	———-	-71.8K
20:30		2 points	CFTC JPY speculative net positions	———-	-1.0K
20:30		2 points	CFTC EUR speculative net positions	———-	-66.6K

Summary of Upcoming Economic Events on February 7, 2025

Europe (🇪🇺)

1. ECB’s De Guindos Speaks(08:45 UTC)
   • Markets will watch for monetary policy insights.

United States (🇺🇸)

2. Average Hourly Earnings (MoM) (Jan)(13:30 UTC)
   • Forecast: 0.3%, Previous: 0.3%.
3. Average Hourly Earnings (YoY) (Jan)(13:30 UTC)
   • Forecast: 3.8%, Previous: 3.9%.
4. Nonfarm Payrolls (Jan)(13:30 UTC)
   • Forecast: 169K, Previous: 256K.
   • A slowdown may suggest labor market cooling.
5. Participation Rate (Jan)(13:30 UTC)
   • Previous: 62.5%.
6. Payrolls Benchmark, n.s.a.(13:30 UTC)
   • Previous: -818K.
7. Private Nonfarm Payrolls (Jan)(13:30 UTC)
   • Forecast: 141K, Previous: 223K.
8. U6 Unemployment Rate (Jan)(13:30 UTC)
   • Previous: 7.5%.
9. Unemployment Rate (Jan)(13:30 UTC)
   • Forecast: 4.1%, Previous: 4.1%.
10. FOMC Member Bowman Speaks (14:25 UTC)
11. Fed Monetary Policy Report (15:00 UTC)
12. Michigan 1-Year Inflation Expectations (Feb) (15:00 UTC)

• Previous: 3.3%.

13. Michigan 5-Year Inflation Expectations (Feb) (15:00 UTC)

• Previous: 3.2%.

14. Michigan Consumer Expectations (Feb) (15:00 UTC)

• Forecast: 70.0, Previous: 69.3.

15. Michigan Consumer Sentiment (Feb) (15:00 UTC)

• Forecast: 71.9, Previous: 71.1.

16. Atlanta Fed GDPNow (Q1) (18:00 UTC)
17. U.S. Baker Hughes Oil Rig Count (18:00 UTC)

• Previous: 479.

18. U.S. Baker Hughes Total Rig Count (18:00 UTC)

• Previous: 582.

19. Consumer Credit (Dec) (20:00 UTC)

• Forecast: 17.70B, Previous: -7.49B.

20. CFTC Reports (20:30 UTC)

• Crude Oil speculative net positions: Previous: 264.1K.
• Gold speculative net positions: Previous: 299.4K.
• Nasdaq 100 speculative net positions: Previous: 30.7K.
• S&P 500 speculative net positions: Previous: -56.2K.
• AUD speculative net positions: Previous: -71.8K.
• JPY speculative net positions: Previous: -1.0K.
• EUR speculative net positions: Previous: -66.6K.

Market Impact Analysis

• EUR: ECB’s De Guindos’ speech could influence euro volatility.
• USD: Key job data, inflation expectations, and Fed comments could shape rate expectations.
• Oil: Baker Hughes rig count may influence crude oil prices.

Volatility & Impact Score

• Volatility: High (NFP, Unemployment Rate, and Fed Report).
• Impact Score: 8.5/10 – High-impact U.S. labor market data will drive sentiment.