Upcoming economic events 9 August 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	CPI (MoM) (Jul)	———	-0.2%
01:30		2 points	CPI (YoY) (Jul)	0.3%	0.2%
01:30		2 points	PPI (YoY) (Jul)	-0.9%	-0.8%
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———	482
17:00		2 points	U.S. Baker Hughes Total Rig Count	———	586
19:30		2 points	CFTC Crude Oil speculative net positions	———	245.5K
19:30		2 points	CFTC Gold speculative net positions	———	246.6K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———	2.4K
19:30		2 points	CFTC S&P 500 speculative net positions	———	12.0K
19:30		2 points	CFTC AUD speculative net positions	———	-31.4K
19:30		2 points	CFTC JPY speculative net positions	———	-73.5K
19:30		2 points	CFTC EUR speculative net positions	———	17.8K

Summary of Upcoming Economic Events on August 9, 2024

1. China CPI (MoM) (Jul): Monthly change in the consumer price index. Previous: -0.2%.
2. China CPI (YoY) (Jul): Annual change in the consumer price index. Forecast: +0.3%, Previous: +0.2%.
3. China PPI (YoY) (Jul): Annual change in the producer price index. Forecast: -0.9%, Previous: -0.8%.
4. US Baker Hughes Oil Rig Count: Weekly count of active oil rigs in the US. Previous: 482.
5. US Baker Hughes Total Rig Count: Weekly count of total active rigs in the US. Previous: 586.
6. CFTC Crude Oil Speculative Net Positions: Weekly data on speculative positions in crude oil. Previous: 245.5K.
7. CFTC Gold Speculative Net Positions: Weekly data on speculative positions in gold. Previous: 246.6K.
8. CFTC Nasdaq 100 Speculative Net Positions: Weekly data on speculative positions in Nasdaq 100. Previous: 2.4K.
9. CFTC S&P 500 Speculative Net Positions: Weekly data on speculative positions in S&P 500. Previous: 12.0K.
10. CFTC AUD Speculative Net Positions: Weekly data on speculative positions in Australian dollar. Previous: -31.4K.
11. CFTC JPY Speculative Net Positions: Weekly data on speculative positions in Japanese yen. Previous: -73.5K.
12. CFTC EUR Speculative Net Positions: Weekly data on speculative positions in euro. Previous: 17.8K.

Market Impact Analysis

• China CPI and PPI: Lower CPI indicates weak consumer demand, affecting CNY and market sentiment; lower PPI suggests reduced production costs.
• US Baker Hughes Rig Counts: Indicates oil industry activity; changes in rig counts impact oil prices.
• CFTC Speculative Net Positions: Reflects market sentiment; significant shifts could signal potential volatility in commodities and currency markets.

Overall Impact

• Volatility: Moderate, with potential reactions in equity, bond, commodity, and currency markets.
• Impact Score: 6/10, indicating a moderate potential for market movements.