As traders head into another pivotal day for the financial markets, a series of important economic data that could influence market dynamics is expected on Friday, January 17, 2025. Building permits will be highlighted, offering insights into the health of the housing sector and economic growth. Broader economic trends.
Major economic events to watch
• 8:30 AM ET – Building Permits (December): forecast 1.460 million, previous 1.493 million. A leading indicator of demand in the housing market.
Other important economic events to watch
• 8:30 AM ET – Building Permits (MoM) (December): Previous 5.2%. Measures the monthly change in new building permits issued.
• 8:30 AM ET – Housing Start (December): forecast 1.330 million, previous 1.289 million. Indicates new residential construction activity.
• 8:30 AM ET – Housing Starts (MoM) (December): Previous -1.8%. Shows monthly change in new housing construction.
• 9:15 AM ET – Industrial Production (MoM) (December): 0.3% forecast, previous -0.1%. It measures the change in industrial sector outputs.
• 9:15 AM ET – Industrial Production (YoY) (December): Previous -0.90%. It refers to the annual change in industrial production.
• 12:15 PM ET – Atlanta Fed GDP (4Q): forecast 3.0%, previous 3.0%. Provides real-time GDP growth estimation.
• 1:00 PM ET – Baker Hughes (NASDAQ:) US Drilling Rig Count: Previous 480. Refers to oil drilling industry activity.
• 1:00 PM ET – Baker Hughes USA Team the total (EPA:) Rig Count: Previous 584. Shows total active drilling rigs.
• 3:30 PM ET – CFTC S&P 500 Positions: Previous -62.2K. Reveals speculative trading sentiment.
• 3:30 PM ET – CFTC Positions: 18.8K ex. Refers to speculative positions in the technology-heavy index.
• 3:30 PM ET – CFTC gold position: 254.9K previously. Shows speculative interest in .
• 3:30 PM ET – CFTC Positions: 279.6K previously. Reflects speculative sentiment in oil markets.
• 4:00 PM ET – Net Long TIC Transactions (November): forecast $159.9 billion, prior $152.3 billion. Measures foreign investment in US securities.
Other economic events worth watching
• 9:15 AM ET – Manufacturing Output (MoM) (December): 0.2% forecast, previous 0.2%. It refers to the change in manufacturing output.
• 9:15 AM ET – Capacity Utilization (December): Forecast 77.0%, previous 76.8%. It shows the exploitation of industrial capabilities.
• 3:30 PM EDT – CFTC Aluminum Net Position: 2.9K ex. Reflects speculative interest in aluminum futures.
• 3:30 PM EDT – CFTC Copper Position: 4.3K Previous. It shows speculative sentiment in the markets.
• 3:30 PM ET – CFTC silver position: 40.9K previously. Indicates speculative interest in…
• 3:30 PM EDT – CFTC Natural Gas Speculative Positions: Previous -104.8K. Reflects speculative positions in…
• 3:30 PM EDT – CFTC Wheat Position: Previous -79.5K. Shows interest in speculating in wheat futures.
• 3:30 PM ET – CFTC Positions: 319.8K previously. Refers to speculative positions in corn markets.
• 3:30 PM ET – CFTC Soybean Position: -50.0K previously. Reflects speculative interest in soybean futures.
• 4:00 PM ET – Net long TIC transactions including swaps (November): Previous $152.30 billion. Measures foreign investment including swaps.
• 4:00 PM ET – Total Net Capital Flow (November): Previous $203.60 billion. Shows net international capital flows.
• 4:00 PM ET – Foreign Buying, Treasuries (November): Previous $92.10 billion. Refers to foreign purchases of US Treasury securities.
For more information and the latest updates, please refer to our economic calendar, here.
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