Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Building Approvals (MoM) (Jul) | 10.4% | -6.4% |
| 01:30 |  | 2 points | CPI (MoM) (Aug) | 0.5% | 0.5% |
| 01:30 | | 2 points | CPI (YoY) (Aug) | 0.7% | 0.5% |
| 01:30 | | 2 points | PPI (YoY) (Aug) | -1.4% | -0.8% |
| 03:00 | | 2 points | Imports (YoY) (Aug) | ——— | 7.2% |
| 15:00 |  | 2 points | NY Fed 1-Year Consumer Inflation Expectations (Aug) | ——— | 3.0% |
| 16:30 | | 2 points | Atlanta Fed GDPNow (Q3) | 2.1% | 2.1% |
| 19:00 | | 2 points | Consumer Credit (Jul) | 12.50B | 8.93B |
Summary of Upcoming Economic Events on September 9, 2024
- Australia Building Approvals (MoM) (Jul) (01:30 UTC): Monthly change in the number of new building approvals. Forecast: +10.4%, Previous: -6.4%.
- China CPI (MoM) (Aug) (01:30 UTC): Monthly change in China’s consumer price index. Forecast: +0.5%, Previous: +0.5%.
- China CPI (YoY) (Aug) (01:30 UTC): Annual change in China’s consumer price index. Forecast: +0.7%, Previous: +0.5%.
- China PPI (YoY) (Aug) (01:30 UTC): Annual change in China’s producer price index. Forecast: -1.4%, Previous: -0.8%.
- China Imports (YoY) (Aug) (03:00 UTC): Annual change in the value of goods and services imported by China. Previous: +7.2%.
- US NY Fed 1-Year Consumer Inflation Expectations (Aug) (15:00 UTC): Consumers’ expectations for inflation over the next year. Previous: 3.0%.
- US Atlanta Fed GDPNow (Q3) (16:30 UTC): Real-time estimate of US GDP growth for the third quarter. Previous: 2.1%.
- US Consumer Credit (Jul) (19:00 UTC): Monthly change in the total value of outstanding consumer credit. Forecast: +12.50B, Previous: +8.93B.
Market Impact Analysis
- Australia Building Approvals: A strong recovery in building approvals suggests a rebound in the housing market, which can support AUD. A weaker figure may indicate ongoing challenges in the sector.
- China CPI and PPI: Rising CPI signals increasing inflationary pressure, while declining PPI indicates weakening producer prices. Stable or rising CPI supports CNY, while a steep PPI decline may indicate lower demand, potentially weighing on global commodity markets.
- China Imports: A strong increase in imports signals robust domestic demand, supporting commodity currencies like AUD, and suggesting strength in China’s economy. Lower imports could indicate weakening demand.
- US NY Fed Inflation Expectations: Higher inflation expectations may fuel concerns about rising consumer prices, potentially impacting USD and influencing the Fed’s policy outlook.
- US Atlanta Fed GDPNow: A stable or rising estimate supports confidence in US economic growth, positively affecting USD. A decline could raise concerns about slowing growth.
- US Consumer Credit: Increasing consumer credit signals strong consumer demand and spending, supporting USD. Lower figures may indicate caution among consumers.
Overall Impact
- Volatility: Moderate, with potential reactions in currency and commodity markets, particularly influenced by Chinese inflation data and US economic indicators.
- Impact Score: 6/10, indicating moderate potential for market movements.
