As traders approach another pivotal day for financial markets, Friday, October 18, 2024, brings a series of crucial economic data releases that could sway market dynamics. The spotlight will be on the building permits report, a key indicator of housing market demand, which is expected to provide insights into the construction sector's health and broader economic trends.
Major Economic Events to Watch
• 8:30 AM ET - Building Permits (Sep): Forecast 1.450M, Previous 1.470M. This measure of new building permits issued by the government is a crucial indicator of housing market demand.
Other Important Economic Events to Watch
• 8:30 AM ET - Housing Starts (Sep): Forecast 1.350M, Previous 1.356M. This data measures the change in the annualized number of new residential buildings that began construction.
• 9:30 AM ET - FOMC Member Bostic Speaks: Atlanta Fed President's remarks may offer clues on future monetary policy.
• 10:00 AM ET - FOMC Member Kashkari Speaks: Minneapolis Fed President's comments could impact market expectations.
• 10:30 AM ET - Atlanta Fed GDPNow: Forecast 3.4%, Previous 3.4%. This running estimate of real GDP growth provides insights into current economic performance.
• 12:10 PM ET - Fed Waller Speaks: Federal Reserve Governor's speech may influence market sentiment.
• 12:30 PM ET - FOMC Member Bostic Speaks: A second appearance by the Atlanta Fed President.
• 1:00 PM ET - Baker Hughes U.S. Rig Count: Previous 481. This data serves as a leading indicator of demand for oil products.
• 1:00 PM ET - U.S. Baker Hughes Total Rig Count: Previous 586.
• 3:30 PM ET - CFTC S&P 500 speculative positions: Previous -5.6K. This report provides insights into market sentiment among speculative traders.
• 3:30 PM ET - CFTC Nasdaq 100 speculative positions: Previous 13.3K.
• 3:30 PM ET - CFTC Gold speculative positions: Previous 278.2K.
• 3:30 PM ET - CFTC Crude Oil speculative positions: Previous 190.6K.
Other Economic Events to Watch
• 3:30 PM ET - CFTC Aluminium speculative net positions: Previous 2.9K.
• 3:30 PM ET - CFTC Copper speculative positions: Previous 43.1K.
• 3:30 PM ET - CFTC Silver speculative positions: Previous 54.7K.
• 3:30 PM ET - CFTC Natural Gas speculative positions: Previous -123.6K.
• 3:30 PM ET - CFTC Wheat speculative positions: Previous -13.5K.
• 3:30 PM ET - CFTC Corn speculative positions: Previous 36.1K.
• 3:30 PM ET - CFTC Soybeans speculative positions: Previous -51.2K.
For further information and the latest updates, please refer to our Economic Calendar, here.
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