Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
00:30 | 2 points | Building Approvals (MoM) (Nov) | -0.9% | 4.2% | |
03:35 | 2 points | 10-Year JGB Auction | ———- | 1.084% | |
10:00 | 2 points | Core CPI (YoY) (Dec) | 2.7% | 2.7% | |
10:00 | 3 points | CPI (YoY) (Dec) | 2.4% | 2.2% | |
10:00 | 2 points | CPI (MoM) (Dec) | ———- | -0.3% | |
10:00 | 2 points | Unemployment Rate (Nov) | 6.3% | 6.3% | |
13:30 | 2 points | Exports (Nov) | ———- | 265.70B | |
13:30 | 2 points | Imports (Nov) | ———- | 339.60B | |
13:30 | 2 points | Trade Balance (Nov) | -78.40B | -73.80B | |
15:00 | 2 points | ISM Non-Manufacturing Employment (Dec) | ———- | 51.5 | |
15:00 | 3 points | ISM Non-Manufacturing PMI (Dec) | 53.2 | 52.1 | |
15:00 | 3 points | ISM Non-Manufacturing Prices (Dec) | ———- | 58.2 | |
15:00 | 3 points | JOLTS Job Openings (Nov) | 7.770M | 7.744M | |
18:00 | 2 points | Atlanta Fed GDPNow (Q4) | 2.4% | 2.4% | |
21:30 | 2 points | API Weekly Crude Oil Stock | ———- | -1.442M |
Summary of Upcoming Economic Events on January 7, 2025
- Australia Building Approvals (00:30 UTC):
- Forecast: -0.9%, Previous: 4.2%.
Tracks changes in approved building projects, providing an early indicator of construction activity. Declines may weigh on the AUD.
- Forecast: -0.9%, Previous: 4.2%.
- Japan 10-Year JGB Auction (03:35 UTC):
- Previous: 1.084%.
Yields indicate investor demand for Japanese government bonds, reflecting market expectations for BoJ policy.
- Previous: 1.084%.
- Eurozone Inflation Data (10:00 UTC):
- Core CPI (YoY): Forecast: 2.7%, Previous: 2.7%.
- CPI (YoY): Forecast: 2.4%, Previous: 2.2%.
- CPI (MoM): Previous: -0.3%.
Inflation data shapes expectations for ECB monetary policy. Higher-than-expected figures may strengthen the EUR.
- Eurozone Unemployment Rate (10:00 UTC):
- Forecast: 6.3%, Previous: 6.3%.
Tracks labor market conditions; stable or improving rates could support the EUR.
- Forecast: 6.3%, Previous: 6.3%.
- US Trade Data (13:30 UTC):
- Trade Balance: Forecast: -78.40B, Previous: -73.80B.
Indicates the net balance of US exports and imports, influencing USD sentiment and trade-related sectors.
- Trade Balance: Forecast: -78.40B, Previous: -73.80B.
- US ISM Non-Manufacturing Data (15:00 UTC):
- Employment: Previous: 51.5.
- PMI: Forecast: 53.2, Previous: 52.1.
- Prices: Previous: 58.2.
Gauges service sector activity, a major contributor to US GDP. Readings above 50 indicate expansion.
- US JOLTS Job Openings (15:00 UTC):
- Forecast: 7.770M, Previous: 7.744M.
Measures labor demand; increases signal strength in the job market, supporting the USD.
- Forecast: 7.770M, Previous: 7.744M.
- US Atlanta Fed GDPNow (18:00 UTC):
- Forecast: 2.4%, Previous: 2.4%.
A real-time estimate of Q4 GDP growth, impacting market confidence in the USD.
- Forecast: 2.4%, Previous: 2.4%.
- API Weekly Crude Oil Stock (21:30 UTC):
- Previous: -1.442M.
Indicates US crude oil supply changes, influencing oil prices and energy sector dynamics.
- Previous: -1.442M.
Market Impact Analysis
- Australia Building Approvals:
- Positive Scenario: Smaller declines or surprise increases boost AUD.
- Negative Scenario: Larger-than-expected drop weighs on AUD.
- Eurozone Inflation and Unemployment:
- Positive Scenario: Higher inflation supports EUR by increasing expectations for tighter ECB policy.
- Negative Scenario: Weak data pressures the EUR.
- US Trade and ISM Data:
- Positive Scenario: Strong ISM and trade data highlight US economic resilience, strengthening USD.
- Negative Scenario: Weak reports dampen USD outlook and signal slower growth momentum.
- Crude Oil Stocks:
- Positive Scenario: Significant inventory drawdowns support oil prices and benefit commodity-linked currencies.
- Negative Scenario: Unexpected builds pressure oil prices downward.
Overall Impact
Volatility: Moderate to high, with key drivers being Eurozone inflation and US ISM services data.
Impact Score: 7/10, as data points influence expectations for ECB and Fed monetary policy, along with broader risk sentiment.