Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 07:00 |  | 2 points | ECB’s Elderson Speaks | ——— | ——— |
| 08:00 | | 2 points | HCOB Eurozone Manufacturing PMI (Sep) | 45.7 | 45.8 |
| 08:00 | | 2 points | HCOB Eurozone Composite PMI (Sep) | 50.6 | 51.0 |
| 08:00 | | 2 points | HCOB Eurozone Services PMI (Sep) | 52.3 | 52.9 |
| 12:00 |  | 2 points | FOMC Member Bostic Speaks | ——— | ——— |
| 13:45 | | 3 points | S&P Global US Manufacturing PMI (Sep) | 48.6 | 47.9 |
| 13:45 | | 2 points | S&P Global Composite PMI (Sep) | ——— | 54.6 |
| 13:45 | | 3 points | S&P Global Services PMI (Sep) | 55.3 | 55.7 |
| 17:00 | | 2 points | FOMC Member Kashkari Speaks | ——— | ——— |
Summary of Upcoming Economic Events on September 23, 2024
- ECB’s Elderson Speaks (07:00 UTC): Remarks from ECB Executive Board member Frank Elderson, potentially discussing Eurozone economic policy or financial regulation.
- HCOB Eurozone Manufacturing PMI (Sep) (08:00 UTC): A key indicator of the health of the Eurozone’s manufacturing sector. Forecast: 45.7, Previous: 45.8. A reading below 50 indicates contraction.
- HCOB Eurozone Composite PMI (Sep) (08:00 UTC): Measures overall business activity in the Eurozone, combining services and manufacturing. Forecast: 50.6, Previous: 51.0.
- HCOB Eurozone Services PMI (Sep) (08:00 UTC): A measure of the activity level in the services sector. Forecast: 52.3, Previous: 52.9.
- FOMC Member Bostic Speaks (12:00 UTC): Commentary from Federal Reserve Bank of Atlanta President Raphael Bostic on the US economy and monetary policy.
- S&P Global US Manufacturing PMI (Sep) (13:45 UTC): A measure of the health of the US manufacturing sector. Forecast: 48.6, Previous: 47.9. A reading below 50 indicates contraction.
- S&P Global US Composite PMI (Sep) (13:45 UTC): Measures overall business activity in the US across both services and manufacturing sectors. Previous: 54.6.
- S&P Global US Services PMI (Sep) (13:45 UTC): A key indicator of the strength of the US services sector. Forecast: 55.3, Previous: 55.7.
- FOMC Member Kashkari Speaks (17:00 UTC): Remarks from Federal Reserve Bank of Minneapolis President Neel Kashkari, offering potential insights into the Federal Reserve’s monetary policy outlook.
Market Impact Analysis
- Eurozone PMIs (Manufacturing, Composite, Services): Weak PMIs below 50 indicate economic contraction, potentially weakening EUR, especially if the manufacturing sector continues to struggle. Positive surprises in services or composite data would provide support for EUR.
- US S&P Global PMIs (Manufacturing, Services, Composite): A stronger-than-expected PMI reading in manufacturing could support USD, while a weak reading signals economic slowdown. The services PMI holds particular importance, as the US economy is service-driven, and a solid reading would support USD strength.
- FOMC Speeches (Bostic, Kashkari): Comments from both Federal Reserve officials could influence expectations for future interest rate moves, impacting USD depending on the tone (hawkish or dovish) of their remarks.
Overall Impact
- Volatility: Moderate, especially around Eurozone and US PMI data and FOMC speeches, as they can significantly influence market sentiment toward EUR and USD.
- Impact Score: 7/10, with important data likely to affect currencies and equity markets.
