Upcoming economic events 8 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Home Loans (MoM)	2.0%	4.3%
10:00		2 points	Eurogroup Meetings	———	———
15:00		2 points	NY Fed 1-Year Consumer Inflation Expectations	———	3.2%
19:00		2 points	Consumer Credit (May)	10.70B	6.40B
19:30		2 points	CFTC Crude Oil speculative net positions	———	271.2K
19:30		2 points	CFTC Gold speculative net positions	———	246.2K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———	7.4K
19:30		2 points	CFTC S&P 500 speculative net positions	———	-65.2K
19:30		2 points	CFTC AUD speculative net positions	———	-23.7K
19:30		2 points	CFTC JPY speculative net positions	———	-173.9K
19:30		2 points	CFTC EUR speculative net positions	———	-8.4K

Summary of Upcoming Economic Events on July 8, 2024

1. Australia Home Loans (MoM): Monthly change in new home loans. Forecast: +2.0%, Previous: +4.3%.
2. Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.
3. NY Fed 1-Year Consumer Inflation Expectations: Expected inflation over the next year. Previous: 3.2%.
4. US Consumer Credit (May): Change in total outstanding consumer credit. Forecast: +$10.70B, Previous: +$6.40B.
5. CFTC Speculative Net Positions: Weekly data on speculative positions in crude oil, gold, Nasdaq 100, S&P 500, AUD, JPY, and EUR.

Market Impact Analysis

• Australia Home Loans: Stable figures suggest a steady housing market; deviations could impact AUD.
• Eurogroup Meetings: Expected discussions maintain stability; surprises could affect Eurozone markets.
• NY Fed Inflation Expectations: Stable expectations support confidence; higher forecasts might raise inflation concerns.
• US Consumer Credit: Expected increase indicates strong consumer spending; significant changes could affect economic outlook.
• CFTC Speculative Positions: Reflects market sentiment; large shifts might indicate potential volatility.

Overall Impact

• Volatility: Moderate, with potential increases from significant changes in consumer credit and inflation expectations.
• Impact Score: 5/10, indicating moderate potential for market movements.