As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, January 17, 2025. The spotlight will be on building permits, offering insights into the health of the housing sector and broader economic trends.
Major Economic Events to Watch
• 8:30 AM ET - Building Permits (Dec): Forecast 1.460M, Previous 1.493M. A key indicator of housing market demand.
Other Important Economic Events to Watch
• 8:30 AM ET - Building Permits (MoM) (Dec): Previous 5.2%. Measures monthly change in new building permits issued.
• 8:30 AM ET - Housing Starts (Dec): Forecast 1.330M, Previous 1.289M. Indicates new residential construction activity.
• 8:30 AM ET - Housing Starts (MoM) (Dec): Previous -1.8%. Shows monthly change in new housing construction starts.
• 9:15 AM ET - Industrial Production (MoM) (Dec): Forecast 0.3%, Previous -0.1%. Measures change in industrial sector output.
• 9:15 AM ET - Industrial Production (YoY) (Dec): Previous -0.90%. Indicates yearly change in industrial production.
• 12:15 PM ET - Atlanta Fed GDPNow (Q4): Forecast 3.0%, Previous 3.0%. Provides a real-time GDP growth estimate.
• 1:00 PM ET - Baker Hughes (NASDAQ:BKR) U.S. Rig Count: Previous 480. Indicates oil drilling industry activity.
• 1:00 PM ET - U.S. Baker Hughes Total (EPA:TTEF) Rig Count: Previous 584. Shows total active drilling rigs.
• 3:30 PM ET - CFTC S&P 500 speculative positions: Previous -62.2K. Reveals speculative trading sentiment.
• 3:30 PM ET - CFTC Nasdaq 100 speculative positions: Previous 18.8K. Indicates speculative positions in tech-heavy index.
• 3:30 PM ET - CFTC Gold speculative positions: Previous 254.9K. Shows speculative interest in gold futures.
• 3:30 PM ET - CFTC Crude Oil speculative positions: Previous 279.6K. Reflects speculative sentiment in oil markets.
• 4:00 PM ET - TIC Net Long-Term Transactions (Nov): Forecast $159.9B, Previous $152.3B. Measures foreign investment in U.S. securities.
Other Economic Events to Watch
• 9:15 AM ET - Manufacturing Output (MoM) (Dec): Forecast 0.2%, Previous 0.2%. Indicates change in manufacturing production.
• 9:15 AM ET - Capacity Utilization Rate (Dec): Forecast 77.0%, Previous 76.8%. Shows industrial capacity utilization.
• 3:30 PM ET - CFTC Aluminium speculative net positions: Previous 2.9K. Reflects speculative interest in aluminum futures.
• 3:30 PM ET - CFTC Copper speculative positions: Previous 4.3K. Shows speculative sentiment in copper markets.
• 3:30 PM ET - CFTC Silver speculative positions: Previous 40.9K. Indicates speculative interest in silver futures.
• 3:30 PM ET - CFTC Natural Gas speculative positions: Previous -104.8K. Reflects speculative positions in natural gas.
• 3:30 PM ET - CFTC Wheat speculative positions: Previous -79.5K. Shows speculative interest in wheat futures.
• 3:30 PM ET - CFTC Corn speculative positions: Previous 319.8K. Indicates speculative positions in corn markets.
• 3:30 PM ET - CFTC Soybeans speculative positions: Previous -50.0K. Reflects speculative interest in soybean futures.
• 4:00 PM ET - TIC Net Long-Term Transactions including Swaps (Nov): Previous $152.30B. Measures foreign investment including swaps.
• 4:00 PM ET - Overall Net Capital Flow (Nov): Previous $203.60B. Shows net international capital flows.
• 4:00 PM ET - Foreign Buying, T-bonds (Nov): Previous $92.10B. Indicates foreign purchases of U.S. Treasury bonds.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.