Jeremy Oles

Published On: 07/08/2025
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By Published On: 07/08/2025
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
17:00🇺🇸2 pointsU.S. Baker Hughes Oil Rig Count———-410
17:00🇺🇸2 pointsU.S. Baker Hughes Total Rig Count———-540
19:30🇺🇸2 pointsCFTC Crude Oil speculative net positions———-156.0K
19:30🇺🇸2 pointsCFTC Gold speculative net positions———-223.6K
19:30🇺🇸2 pointsCFTC Nasdaq 100 speculative net positions———-35.0K
19:30🇺🇸2 pointsCFTC S&P 500 speculative net positions———--163.2K
19:30🇦🇺2 pointsCFTC AUD speculative net positions———--78.1K
19:30🇪🇺2 pointsCFTC JPY speculative net positions———-89.2K
19:30🇯🇵2 pointsCFTC EUR speculative net positions———-123.4K

Summary of Upcoming Economic Events on August 8, 2025

United States – Energy Sector & Market Sentiment

U.S. Baker Hughes Rig Count – 17:00 UTC

  • Targets:
    • Oil rigs: (prev. ~410)
    • Total rigs: (prev. ~540)
  • Impact: A decline in rig counts typically signals tightening supply, which can buoy oil prices and support energy equities. Conversely, an uptick may hint at upcoming production increases, potentially dampening price momentum.

CFTC Speculative Net Positions – 19:30 UTC

  • Crude Oil: ~156.0K
  • Gold: ~223.6K
  • Nasdaq 100: ~35.0K
  • S&P 500: ~–163.2K
  • AUD: ~–78.1K
  • JPY: ~89.2K
  • EUR: ~123.4K
  • Impact:
    • Crude & Gold: High long positions suggest complacency or overbought conditions—markets may be vulnerable to correction if sentiment shifts.
    • Equities (Nasdaq & S&P): Long Nasdaq vs short S&P positioning may reflect sector divergence or hedging behavior.
    • Currency Speculation: Elevated long positions in JPY and EUR could counterbalance USD strength; ongoing short AUD reflects persistent bearish sentiment on the currency.

Market Impact Analysis

  • The day is characterized by oil market dynamics and speculative positioning, which can influence liquidity and sentiment across asset classes.
  • Strong speculative long positioning (oil, gold) suggests possible exhaustion—markets may await fresh catalysts for momentum.
  • Shifts in U.S. rig counts will inform supply expectations, potentially fueling volatility in energy and inflation-linked assets.
  • Currency positioning highlights where speculative bets are concentrated—jolts in EUR or JPY sentiment could generate currency volatility.

Overall Impact Score: 6 / 10

Key Watchpoints

  • If oil rigs continue to fall, it could further elevate oil prices and inflation concerns globally.
  • A sudden unwinding of speculative longs in crude or gold may trigger sharp moves in commodities and FX.
  • Currency positioning, especially in AUD, JPY, EUR, might shift quickly if global risk sentiment changes.