Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | NAB Business Confidence (Jul) | ——— | 4 |
| 03:00 |  | 2 points | Exports (YoY) (Jul) | 10.4% | 8.6% |
| 03:00 | | 2 points | Imports (YoY) (Jul) | 3.3% | -2.3% |
| 03:00 | | 2 points | Trade Balance (USD) (Jul) | 98.00B | 99.05B |
| 03:00 |  | 2 points | Inflation Expectations (QoQ) | ——— | 2.3% |
| 12:30 |  | 2 points | Continuing Jobless Claims | ——— | 1,877K |
| 12:30 | | 2 points | Initial Jobless Claims | 245K | 249K |
| 16:00 | | 2 points | Atlanta Fed GDPNow (Q3) | ——— | ——— |
| 17:01 | | 2 points | 30-Year Bond Auction | ——— | 4.405% |
| 20:30 | | 2 points | Fed’s Balance Sheet | ——— | 7,178B |
Summary of Upcoming Economic Events on August 8, 2024
- Australia NAB Business Confidence (Jul): Measures the sentiment among Australian businesses. Previous: 4.
- China Exports (YoY) (Jul): Annual change in the value of exports. Forecast: +10.4%, Previous: +8.6%.
- China Imports (YoY) (Jul): Annual change in the value of imports. Forecast: +3.3%, Previous: -2.3%.
- China Trade Balance (USD) (Jul): Difference between exports and imports. Forecast: 98.00B, Previous: 99.05B.
- New Zealand Inflation Expectations (QoQ): Quarterly measure of inflation expectations. Previous: +2.3%.
- US Continuing Jobless Claims: Number of individuals receiving unemployment benefits. Previous: 1,877K.
- US Initial Jobless Claims: Number of new unemployment claims. Forecast: 245K, Previous: 249K.
- US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3.
- US 30-Year Bond Auction: Investor demand for 30-year US Treasury bonds. Previous Yield: 4.405%.
- Fed’s Balance Sheet: Weekly update on the Federal Reserve’s assets and liabilities. Previous: 7,178B.
Market Impact Analysis
- Australia NAB Business Confidence: Higher confidence supports AUD; lower confidence indicates business caution.
- China Trade Data: Strong export and import growth supports CNY and signals economic strength; weaker trade balance may raise concerns.
- New Zealand Inflation Expectations: Rising inflation expectations could signal potential rate hikes, supporting NZD.
- US Jobless Claims: Lower claims suggest a strong labor market, supporting USD; higher claims indicate potential economic issues.
- US Atlanta Fed GDPNow: Provides a real-time estimate of economic growth; significant changes impact market sentiment.
- US 30-Year Bond Auction: Strong demand supports bonds and lowers yields; weak demand could raise yields and impact equities.
- Fed’s Balance Sheet: Changes in the balance sheet can indicate shifts in monetary policy, impacting USD and market sentiment.
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.
