456 pips potential forex fx futures news trading profit from 6 events in July 2024 with Haawks G4A machine-readable data feed

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456 pips potential forex fx futures news trading profit from 6 events in July 2024 with Haawks G4A machine-readable data feed

According to our analysis there was a potential of 456 pips / ticks profit out of the following 6 events in July 2024. The potential performance in 2023 was 13,607 pips / ticks.

July 2024

Cumulative potential, indicative performance July 2024, please see all releases below.

Total trading time would have been around 5 minutes! (preparation time not included)

July 2024: A Month of Significant Economic Indicators and Reports

July 2024 has been a bustling month for economic observers, packed with key reports and indicators that have provided insights into the global economy's health and direction. Let’s take a closer look at some of the major economic data released this month, ranging from consumer price indices to agricultural and energy reports.

U.S. Consumer Price Index (CPI) – 11 July 2024

The month kicked off with the U.S. Bureau of Labor Statistics releasing the Consumer Price Index (CPI), which showed an increase of 32 basis points. This movement in CPI is critical as it indicates the inflation rate, influencing Federal Reserve policies and impacting consumer purchasing power. A rise of 32 pips suggests a modest uptick in inflation, possibly reflecting increased consumer spending as the economy continues to recover.

Sweden Consumer Price Index (CPI) – 12 July 2024

Following the U.S. data, Sweden reported its CPI with a significant rise of 272 pips. This considerable jump is an indicator of potentially higher inflationary pressures within the Swedish economy. Such a sharp increase could prompt Riksbank, Sweden's central bank, to consider tightening monetary policy to curb inflation.

USDA WASDE Report – 12 July 2024

On the same day, the U.S. Department of Agriculture released the World Agricultural Supply and Demand Estimates (WASDE) report, which saw a movement of 40 ticks. This report is pivotal for understanding global agricultural markets, affecting everything from commodity prices to stock levels. The data provided can influence global food prices and have a significant impact on economies heavily reliant on agriculture.

U.S. Retail Sales – 16 July 2024

Mid-month, the focus shifted to consumer behavior with the release of U.S. Retail Sales data, showing a movement of 40 pips. This report is a key barometer of consumer spending and can be a leading indicator of the overall economic performance. An increase of 40 pips suggests that consumer confidence remains strong, which is vital for sustaining economic growth.

DOE Natural Gas Storage Reports – 18 and 25 July 2024

The energy sector also had its share of the spotlight with the Department of Energy’s Natural Gas Storage Reports released on the 18th and 25th of July, showing movements of 32 and 40 ticks, respectively. These reports are crucial for understanding natural gas supply levels which directly impact natural gas prices and subsequently, energy costs for consumers and businesses.

Implications and Outlook

The data released in July 2024 paints a diverse picture of the global economic landscape. From inflationary trends in the U.S. and Sweden to consumer behavior and energy supply, these reports provide valuable insights that can help policymakers, investors, and businesses make informed decisions.

As we move forward, it will be important to monitor how these trends develop, especially in light of ongoing global economic challenges and opportunities. Keeping an eye on these indicators will help anticipate potential economic shifts and prepare for future impacts.

Stay tuned for more updates and analyses as we continue to navigate through the complexities of the global economy.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

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90 pips potential profit in 51 seconds on 2 August 2024, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY and EURUSD moved around 90 pips on US Employment Situation (Non-farm payrolls / NFP) data on 2 August 2024.

USDJPY (73 pips)

EURUSD (17 pips)

Charts are exported from JForex (Dukascopy).

Navigating Through the Tides: U.S. Employment Situation in July 2024

In the ever-evolving landscape of the U.S. labor market, July 2024 presented a nuanced picture of growth and challenges, as detailed in the latest release from the U.S. Bureau of Labor Statistics (BLS). The month saw the unemployment rate nudge up to 4.3 percent, alongside modest job growth, indicating both resilience and areas of concern in the economy. Here’s an in-depth look at the dynamics shaping the employment situation.

The Rise in Unemployment

July's slight uptick in unemployment to 4.3 percent, up from 4.1 percent in June, resulted in 352,000 more individuals being classified as unemployed. This increase in unemployment rates, especially notable among adult men and White populations, paints a picture of an economy that is still recalibrating post-pandemic and other macroeconomic pressures. This rate is significantly higher compared to last year's 3.5 percent, suggesting a slow but uncertain recovery path.

Sector-Specific Insights

The payroll data offers a glimpse into where the growth is happening and which sectors are lagging:

  • Health Care: This sector added 55,000 jobs, maintaining a robust growth pattern, particularly in home health care services and hospitals. This is indicative of ongoing demand in the health services industry.

  • Construction and Transportation: Both sectors continued to show resilience with steady job additions, which align with broader economic activities and infrastructural developments.

  • Information Sector: In contrast, the information sector shed 20,000 jobs, highlighting the volatility in tech and media industries amidst shifting business models and technological disruptions.

Part-Time Work and Economic Reasons

An interesting facet of the July report is the rise in individuals working part-time for economic reasons, which jumped by 346,000 to 4.6 million. This increase suggests that while jobs are available, they may not fully meet the needs or qualifications of job seekers, or that businesses are hesitating to commit to full-time hires amid economic uncertainties.

Labor Force Dynamics

The labor force participation rate stood unchanged at 62.7 percent, and the employment-population ratio also held steady. However, the number of people not in the labor force but wanting a job increased notably by 366,000, reaching 5.6 million. These figures underscore a complex scenario where many are on the sidelines of the job market, possibly due to mismatches in job opportunities or other barriers to employment.

Earnings and Work Hours

Average hourly earnings saw a modest increase, suggesting mild wage pressures. The average workweek decreased slightly, which might reflect adjustments in business operations or shifts in employment from full-time to part-time roles.

Forward Look

The modest job growth and the rise in unemployment rate in July serve as a reminder of the fragile balance in the labor market. As businesses navigate through economic headwinds and policy changes, the coming months will be crucial in shaping the trajectory of recovery and growth.

As we look towards the August report, due to be released in early September, stakeholders from policymakers to investors, and everyday citizens will be keen on understanding whether these trends are a temporary blip or a sign of more profound shifts in the U.S. economy.

Source: https://www.bls.gov/news.release/empsit.nr0.htm

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40 ticks potential profit in 26 seconds on 25 July 2024, analysis on futures forex fx news trading natural gas on DOE Natural Gas Storage Report data

According to our analysis natural gas moved 40 ticks on DOE Natural Gas Storage Report data on 25 July 2024.

Natural gas (40 ticks)

Charts are exported from JForex (Dukascopy).

Understanding the Latest Trends in Natural Gas Storage

In the most recent Weekly Natural Gas Storage Report released on July 25, 2024, covering data up to the week ending July 19, 2024, we observe a detailed overview of the natural gas inventories across the United States. The Energy Information Administration (EIA) provides a comprehensive breakdown that not only informs stakeholders but also hints at broader economic implications.

Key Findings from the Report

  • Total Working Gas Increase: The total working gas in the underground storage was reported at 3,231 billion cubic feet (Bcf), marking an increase of 22 Bcf from the previous week. This suggests a slightly higher than expected accumulation, considering the week-on-week data.

  • Yearly and Historical Comparisons: When compared to the same period last year, current stocks are higher by 249 Bcf. Moreover, when measured against the five-year average from 2019 to 2023, stocks are up by 456 Bcf. These figures indicate a robust stockpiling activity that outpaces both last year’s figures and the longer-term average.

  • Regional Breakdown:

    • East: The East showed an increase to 697 Bcf, up from 686 Bcf the previous week.

    • Midwest: Stocks rose to 827 Bcf from 814 Bcf, showcasing a substantial net change.

    • Mountain: This region’s stocks saw a smaller increase, rising modestly from 248 Bcf to 251 Bcf.

    • Pacific: Remained steady at 289 Bcf, indicating stability in this region’s gas storage.

    • South Central: Interestingly, this region reported a slight decrease, down 6 Bcf from the previous week.

  • Coefficient of Variation and Standard Error: The coefficient of variation, an indicator of the variability relative to the mean of the dataset, remains low across the board, suggesting that the storage volumes are not prone to large swings, thus providing some stability in supply expectations.

Implications for Markets and Policy

The above-average stock levels relative to both last year and the five-year average can have several implications:

  • Market Impact: Higher storage levels typically moderate natural gas prices due to increased supply security. This could influence everything from residential heating costs to the operational costs for industries reliant on natural gas.

  • Policy Considerations: With an ongoing robust supply, policy makers might look at opportunities to adjust export levels or reconsider strategies for sustainable energy utilization.

Conclusion

As we head towards the latter part of 2024, the natural gas storage levels are demonstrating a significant cushion compared to historical levels. This robustness in natural gas storage not only helps in stabilizing prices but also plays a critical role in energy security during peak demand periods like winter. Going forward, stakeholders will be keenly watching the trends to gauge the potential economic and environmental impacts of these stock levels.

For more detailed insights and implications, stakeholders are encouraged to stay tuned for the next release on August 1, 2024, which will further shape the understanding of natural gas trends and strategic responses.

Source: https://ir.eia.gov/ngs/ngs.html

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32 ticks potential profit in 58 seconds on 18 July 2024, analysis on futures forex fx news trading natural gas on DOE Natural Gas Storage Report data

According to our analysis natural gas moved 32 ticks on DOE Natural Gas Storage Report data on 18 July 2024.

Natural gas (32 ticks)

Charts are exported from JForex (Dukascopy).

Weekly Natural Gas Storage Update - July 18, 2024

The latest data from the Energy Information Administration (EIA) provides an insightful snapshot into the state of natural gas storage across the United States as of the week ending July 12, 2024. Let’s dive into the numbers and understand what they signify for the energy sector and, more broadly, for the economy.

Current Natural Gas Storage Figures

As per the EIA report released today, total working gas in underground storage stood at 3,209 billion cubic feet (Bcf) as of July 12, 2024. This represents a slight increase of 10 Bcf from the previous week. When compared to the figures from the same time last year, the current storage levels are 250 Bcf higher. Moreover, they surpass the five-year average (2019-2023) by 465 Bcf. This indicates a robust inventory that exceeds typical seasonal levels.

Here's a regional breakdown of the storage data:

  • East: Current stocks are at 686 Bcf, showing a minor weekly increase and being notably higher than both last year’s and the five-year average figures.

  • Midwest: Stocks increased by 14 Bcf over the week, totaling 814 Bcf. This region also exhibits a strong year-on-year growth and significantly outpaces the five-year average.

  • Mountain: Storage stands at 248 Bcf, with a weekly increase and dramatic increases over past figures, reflecting perhaps the most substantial relative growth among the regions.

  • Pacific: Stable week-over-week at 289 Bcf but substantially higher than previous year and five-year averages.

  • South Central: This region saw a decrease in storage, mainly in the salt facilities, which might indicate specific regional dynamics such as increased withdrawals or decreased injections.

Analysis

The overall increase in natural gas stocks can be attributed to a combination of factors including mild weather reducing heating demand, efficient production rates, and possibly strategic injections anticipating future demand. The substantial surplus relative to both last year and the five-year average provides a cushion that might help in stabilizing natural gas prices, offering some relief to consumers and industries reliant on natural gas.

However, the regional variations highlight different dynamics possibly driven by local weather conditions, demand fluctuations, and infrastructural factors. For instance, the notable increase in the Mountain region might reflect specific local market conditions or response strategies to anticipated regional demand.

Market Implications

Higher-than-average gas storage levels typically exert downward pressure on natural gas prices due to the law of supply and demand. Investors and market analysts closely watch these figures as they can influence not only energy markets but also broader economic conditions. Lower natural gas prices can reduce energy costs for industries and households, contributing to lower overall inflationary pressures in the economy.

Looking Ahead

The next update is scheduled for July 25, 2024. Market participants will be keen to see if the trend of building inventories continues or if there are shifts in the pattern that could suggest changes in market dynamics. Meanwhile, stakeholders would do well to monitor weather forecasts and any geopolitical developments that could impact energy markets.

In conclusion, this week's report underscores a strong position for natural gas storage, which could bode well for maintaining energy security and economic stability in the upcoming months. As always, it will be important to monitor these trends closely to adapt to the ever-evolving energy landscape.

Source: https://ir.eia.gov/ngs/ngs.html

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40 pips potential profit in 5 seconds on 16 July 2024, analysis on futures forex fx news trading USDJPY and EURUSD on US Retail Sales data

According to our analysis USDJPY and EURUSD moved 40 pips on US Retail Sales data on 16 July 2024.

USDJPY (29 pips)

EURUSD (11 pips)

Charts are exported from JForex (Dukascopy).

Analyzing the Latest U.S. Retail and Food Services Sales Data for June 2024

In the latest release from the U.S. Census Bureau, the advance estimates for retail and food services sales in June 2024 presented a mixed bag of results that offer insights into consumer spending habits and economic trends. According to the report, total sales amounted to $704.3 billion, showing no significant change from May 2024 but reflecting a moderate increase of 2.3 percent from June 2023.

A Closer Look at the Numbers

The data, adjusted for seasonal variations and differences in trading days and holidays, provides a clear picture of the market's stability and growth over the past year. Despite the static growth from the previous month, there is a positive uptrend when comparing the data year-over-year. From April to June 2024, total sales saw an increase of 2.5 percent from the same period last year, indicating a steady rise in consumer expenditure.

Interestingly, the April to May 2024 data was revised upward, from a marginal 0.1 percent increase to a more noticeable 0.3 percent. This revision suggests that consumer spending has been slightly more robust than initially estimated.

Sector-Specific Trends

The retail trade sector specifically showed a minor decline of 0.1 percent from May 2024, yet it experienced a 2.0 percent increase compared to last year. This suggests a slow but steady recovery and growth over the long term. Nonstore retailers, which include online and e-commerce platforms, notably outperformed other categories with an impressive 8.9 percent increase from June 2023. This highlights the continuing shift towards online shopping and the strength of digital marketplaces.

On the other hand, food services and drinking places also saw a significant uptick, with sales rising by 4.4 percent from the previous year. This increase may be indicative of a rebound in dining out as consumer confidence in public health safety grows and social restrictions related to the pandemic continue to ease.

What This Means for the Economy

The mixed signals from the June 2024 data reflect the complex interplay of economic recovery, inflation concerns, and shifts in consumer behavior. The stability in month-over-month sales juxtaposed with the annual increases suggests that while the market is not booming, it is resilient amid economic uncertainties.

For investors and business owners, these trends underscore the importance of adjusting to the growing online consumer base and the recovering food service industry. Businesses that can navigate the balance between digital and physical sales channels are likely to see continued success.

Final Thoughts

As we move further into the second half of 2024, all eyes will be on how these trends develop, particularly in the context of economic policies and global market conditions. Will the momentum in nonstore retail and food services continue? How will macroeconomic factors like inflation and employment rates affect consumer spending?

These are critical questions for market analysts, investors, and policymakers as they plan for the coming months. Keeping a close eye on these trends will be key to understanding and anticipating the needs of the U.S. consumer in a rapidly evolving economic landscape.

Source: https://www.census.gov/retail/sales.html

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40 ticks potential profit on 12 July 2024, analysis on trading corn futures on USDA WASDE data

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40 ticks potential profit on 12 July 2024, analysis on trading corn futures on USDA WASDE data

According to our analysis corn (ZC) futures prices moved around 40 ticks on USDA WASDE (World Agricultural Supply and Demand Estimates) and USDA Grain Stocks data on 12 July 2024.

The JULY WASDE Report: Implications for Global Agriculture Markets

The recently released World Agricultural Supply and Demand Estimates (WASDE) report for July 2024 provides crucial insights into the agricultural sector, forecasting trends for commodities like wheat, coarse grains, and oilseeds. These projections not only shape farming strategies but also have significant implications for traders, policymakers, and global markets. Let's delve into the key points from the report and their potential impact.

Wheat: Surplus Production with Lower Prices

The 2024/25 outlook for U.S. wheat indicates an increase in supplies, exports, and ending stocks. Production is expected to rise substantially, with all wheat production increasing by 134 million bushels to 2,008 million. This increase is attributed to larger harvested areas and higher yields, with significant rises noted in both spring wheat and winter wheat production.

Globally, the wheat supply is set to increase by 6.9 million tons, driven by higher production in the United States, Pakistan, and Canada. Pakistan’s wheat production is forecasted to reach a record 31.4 million tons. This surplus in production is likely to push down prices; the season-average farm price for wheat is projected to decrease by $0.80 per bushel to $5.70.

Coarse Grains: Corn Leads with Strong Production

The U.S. corn market is also looking robust with projections indicating larger supplies and increased domestic use and exports, although ending stocks are slightly lower. Corn production is expected to rise by 240 million bushels, with total use increasing by 100 million bushels due to greater feed and residual use and exports. This is likely to decrease the season-average farm price by 10 cents to $4.30 per bushel.

On the international front, the coarse grain outlook is mixed, with reductions in foreign corn production in the EU, Canada, and Russia due to challenging weather conditions. However, global corn exports for 2024/25 have shifted, favoring the United States, while imports are up for Canada and Mexico.

Oilseeds: A Slight Downturn with a Steady Outlook

The U.S. oilseed production for 2024/25 is projected at 131.5 million tons, with minor adjustments across various seeds. Soybean production is down by 15 million bushels due to a lower harvested area, which might lead to a slight decrease in ending stocks. The season-average soybean price is forecasted at $11.10 per bushel, a slight decrease from previous estimates.

Globally, soybean stocks are slightly down by 0.1 million tons, with notable decreases in Argentina, Brazil, and the EU. This is contrasted by increased soybean imports for China, suggesting a larger demand within the Asian markets.

Market Implications and Strategic Moves

  • Farmers and Agricultural Producers: The increased production in both wheat and corn suggests that farmers might benefit from expanding their acreage or investing in technologies to enhance yield. However, they must also prepare for potential price drops due to higher supply.

  • Traders and Investors: The shifts in global supply and demand provide trading opportunities, particularly in commodities with significant changes in stock levels or production forecasts. Diversifying portfolios to include commodities with expected price increases or stable markets could be beneficial.

  • Policymakers and Economic Planners: Ensuring stability in local markets despite global fluctuations will be crucial. Policies aimed at supporting domestic agriculture during times of excess global supply could help mitigate adverse effects on local farmers.

Conclusion

The July WASDE report paints a complex picture of the global agricultural landscape, characterized by increased production and varying market dynamics across different commodities. Stakeholders across the spectrum, from farmers to policymakers, must stay informed and agile to navigate these changes effectively. As always, the key to success in agriculture lies in strategic planning and adaptability to ever-changing market conditions.

Source: https://www.usda.gov/oce/commodity/wasde/wasde0724.pdf

Haawks G4A is one of the fastest machine-readable data feeds for USDA data. We are beating big names in the industry by seconds. Coverage includes monthly USDA WASDE (World Agricultural Supply and Demand Estimates), quarterly USDA Grain Stocks and yearly USDA Prospective Plantings and USDA Acreage.

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272 pips potential profit in 22 seconds on 12 July 2024, analysis on futures forex fx news trading EURSEK first on Sweden Consumer Price Index (CPI) data

According to our analysis EURSEK moved 272 pips on Sweden Consumer Price Index (CPI) data on 12 July 2024.

EURSEK (272 pips)

Charts are exported from JForex (Dukascopy).

Understanding the Latest CPI Figures: A Deep Dive into Sweden's Inflation Trends as of June 2024

Inflation is a crucial economic indicator that affects everyone—from policymakers to the average consumer. The most recent data from Statistics Sweden provides us with a comprehensive look into the current state of inflation in Sweden as of June 2024, revealing a complex picture of the economy.

A Closer Look at June's CPI Figures

As of June 2024, the inflation rate according to the Consumer Price Index (CPI) stood at 2.6%, a noticeable decline from the 3.7% recorded in May. This marks the lowest inflation rate since September 2021, indicating a significant easing of price pressures. The decrease on a month-to-month basis was -0.1% from May to June, further highlighting this trend of deceleration in price increases.

The Consumer Price Index with a fixed interest rate (CPIF), another key measure, registered an inflation rate of just 1.3% for the same period, which differs from the CPI by excluding the direct effects of changes in interest rates.

Significant Factors Influencing the CPI

Several categories had notable impacts on the CPI figures for June:

  • Electricity and Fuel: There has been a year-long decrease in electricity and fuel prices, which has played a substantial role in moderating the overall inflation rate.

  • Housing and Interest Rates: Housing costs continued to rise, influenced heavily by increasing mortgage costs and higher fees for rented and tenant-owned apartments. This was partly offset by the declining electricity prices compared to last year.

  • Package Holidays: Prices for package holidays surged in June, showing a significant seasonal increase of 29.0% from May, contributing a 0.2 percentage point increase to the CPI.

Price Base Amount Adjustment

Looking ahead, the price base amount, which is a key reference for various forms of social benefits and taxes in Sweden, has been set at SEK 58,800 for 2025. This represents an increase of SEK 1,500 from the previous year, which will impact financial planning for both individuals and businesses.

New Developments in Inflation Measurement

An exciting development is the introduction of the "CPI flash estimate" by Statistics Sweden, set to begin this autumn. This new measure will provide preliminary inflation figures five working days before the regular publication, offering a quicker snapshot of economic trends.

Implications for Policy and Everyday Life

These inflation figures are more than just numbers; they have real-world implications for monetary policy, wage negotiations, and cost of living adjustments. Lower inflation may suggest less pressure on households in terms of rising costs, but it also poses challenges for policymakers in stimulating economic growth.

For consumers, understanding these trends helps in making informed decisions about savings, investments, and spending. For businesses, particularly those in sectors directly affected by these changes like energy, housing, and tourism, these trends can influence pricing strategies and financial planning.

Looking Forward

As we anticipate the next release on August 14, 2024, it will be interesting to see if these trends hold steady or if new factors will emerge that could lead to changes in the inflation landscape. Keeping an eye on these developments is crucial for anyone involved in economic planning and decision-making in Sweden.

In summary, while the decrease in inflation as of June 2024 provides a temporary relief, the diverse factors at play suggest a complex economic environment that requires careful monitoring and analysis.

Source: https://www.scb.se/en/finding-statistics/statistics-by-subject-area/prices-and-consumption/consumer-price-index/consumer-price-index-cpi/pong/statistical-news/consumer-price-index-cpi-june-2024/

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32 pips potential profit in 69 seconds on 11 July 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US BLS Consumer Price Index (CPI) data

According to our analysis USDJPY and EURUSD moved 32 pips on US BLS Consumer Price Index (CPI) data on 11 July 2024.

USDJPY (12 pips)

EURUSD (20 pips)

Charts are exported from JForex (Dukascopy).

Navigating the Economic Waves: A Deep Dive into the June 2024 Consumer Price Index Report

The U.S. Bureau of Labor Statistics (BLS) recently released its Consumer Price Index (CPI) report for June 2024, revealing a nuanced snapshot of the current economic environment. The report, which saw a slight decline of 0.1% on a seasonally adjusted basis from the previous month, offers valuable insights into the shifting dynamics of consumer prices in the U.S. economy.

Key Highlights of the June 2024 CPI Report

The all items index, which measures a broad spectrum of consumer goods and services, rose by 3.0 percent over the last 12 months. This increment, though modest, indicates a slowdown from the 3.3 percent increase observed at the end of May 2024. Here's a closer look at some specific segments:

  • Energy: The index for gasoline plummeted by 3.8 percent in June, mirroring a similar drop in May. This continued decline significantly contributed to the overall decrease in the energy index, which also fell by 2.0 percent over the month.

  • Food: Contrary to the energy sector, food prices saw a slight increase. The overall food index rose by 0.2 percent, with the food away from home index up by 0.4 percent. This indicates sustained demand and perhaps a bit of resilience in the food sector despite broader economic conditions.

  • Core Inflation: When stripping out volatile food and energy prices, the core CPI (all items less food and energy) inched up by 0.1 percent in June. Notably, this represents the smallest monthly increase since August 2021, signaling a potential cooling of underlying inflationary pressures.

Sector-Specific Analysis

The shelter index continues to be a significant driver of the core inflation, despite only increasing by 0.2 percent in June. This subtle rise is the smallest since August 2021, potentially indicating a cooling in the housing market. Meanwhile, the indexes for motor vehicle insurance, household furnishings, and personal care all rose, underscoring that some areas of the economy are still experiencing upward price pressures.

Transportation services saw some of the most substantial fluctuations, particularly airline fares, which tumbled by 5.0 percent in June after a 3.6-percent decline in May. This drop could be reflecting seasonal adjustments or broader changes in consumer travel behavior.

Economic Implications and Consumer Impact

The latest CPI data suggests a mixed bag of economic signals. While the decline in energy prices can offer some relief to consumers, the rise in food and shelter costs could offset these benefits. Additionally, the modest rise in core CPI indicates that while inflationary pressures may be cooling, they remain present, affecting the cost of living and potentially influencing future monetary policy decisions.

For consumers, understanding these trends is crucial. Those planning budgets or major purchases will find it beneficial to track such indices closely, as they directly impact everyday expenses. On a broader scale, these trends also provide insight into the health of the U.S. economy, offering clues about potential future actions by policymakers, such as interest rate adjustments by the Federal Reserve.

Looking Ahead

As we move into the second half of 2024, all eyes will be on the upcoming July CPI report, due for release on August 14. Will the trend of modest increases continue, or will we see a reversal in certain sectors? Only time will tell, but for now, consumers and economists alike should remain vigilant, monitoring these indicators closely as they navigate the complex landscape of the U.S. economy.

In conclusion, the June 2024 CPI report paints a picture of an economy experiencing varied sectoral dynamics, highlighting the importance of nuanced analysis in understanding the overall economic health and making informed decisions.

Source: https://www.bls.gov/news.release/cpi.nr0.htm

Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feed for US economic and commodity data.

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285 pips potential forex fx futures news trading profit from 5 events in June 2024 with Haawks G4A machine-readable data feed

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285 pips potential forex fx futures news trading profit from 5 events in June 2024 with Haawks G4A machine-readable data feed

According to our analysis there was a potential of 285 pips / ticks profit out of the following 5 events in June 2024. The potential performance in 2023 was 13,607 pips / ticks.

June 2024

Cumulative potential, indicative performance June 2024, please see all releases below.

Total trading time would have been around 4 minutes! (preparation time not included)

Unpacking the Recent Economic Data: A Glimpse into June 2024's Key Economic Indicators

June 2024 has been a bustling month for economic data, with significant releases affecting market movements and investor sentiments across the globe. From the U.S. job market's vitality to inflation rates both domestically and in Sweden, the figures provide crucial insights. Let's delve into these economic indicators and their implications.

1. DOE Natural Gas Storage Report - 40 ticks (6 June 2024)

The Department of Energy's latest Natural Gas Storage Report revealed a 40-tick movement, indicating changes in natural gas inventory levels. Such fluctuations can significantly influence energy prices and hint at broader economic activity levels, especially in industries reliant on energy consumption. This movement suggests variations in supply and demand dynamics, possibly influenced by seasonal changes or shifts in industrial production.

2. U.S. Employment Situation - 58 pips (7 June 2024)

The Non-farm Payrolls (NFP) showed a movement of 58 pips, which is a critical indicator of economic health. The employment data suggests robust job growth or contraction, which can influence consumer spending and overall economic momentum. A positive report typically strengthens the USD, as it points to a bustling economy, possibly guiding the Federal Reserve's monetary policy decisions regarding interest rates.

3. U.S. BLS Consumer Price Index (CPI) - 62 pips (12 June 2024)

June's CPI movement of 62 pips underscores ongoing concerns or relief regarding inflation. As the primary gauge of inflation, CPI data impacts everything from monetary policy to individual purchasing power. This movement indicates that consumer prices are on the move, which could either signal strengthening economic activity or rising inflation concerns, influencing the Fed's outlook on the economy.

4. U.S. Jobless Claims and Producer Price Index (PPI) - 44 pips (13 June 2024)

The simultaneous release of jobless claims and the Producer Price Index (PPI) showed a collective pip movement of 44. These metrics offer a dual view: jobless claims point to the number of individuals filing for unemployment benefits, a direct measure of job market health, while PPI provides insight into the cost pressures faced by producers which can feed into consumer prices. Together, they provide a nuanced view of economic resilience or vulnerability.

5. Sweden Consumer Price Index (CPI) - 81 pips (14 June 2024)

Sweden's CPI moving by 81 pips is particularly noteworthy, as it suggests significant inflationary pressures or deflationary trends in the Swedish economy. Given Sweden's role in the European economic landscape, these figures can have broader implications for the European Central Bank's policy decisions and the overall economic climate in the region.

Conclusion

June 2024's economic data presents a mixed bag of insights, reflecting the complexities of the current global economic environment. Each data release not only affects domestic markets but also has broader implications for global trade, monetary policy, and investment decisions. As we move forward, it will be crucial for investors, policymakers, and the public to keep a close eye on these indicators to gauge the trajectory of economic recovery or downturn. Stay tuned for further analysis as more data becomes available and continue to navigate these challenging yet interesting times with informed perspectives.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

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81 pips potential profit in 21 seconds on 14 June 2024, analysis on futures forex fx news trading EURSEK first on Sweden Consumer Price Index (CPI) data

According to our analysis EURSEK moved 81 pips on Sweden Consumer Price Index (CPI) data on 14 June 2024.

EURSEK (81 pips)

Charts are exported from JForex (Dukascopy).

Analyzing Sweden's May 2024 Inflation Rates: A Deep Dive

In May 2024, Sweden observed a notable shift in its inflation dynamics, as reported by Statistics Sweden. The Consumer Price Index (CPI) for May showed an inflation rate of 3.7%, a slight decrease from April’s 3.9%. This change, along with other variations in price indices, provides a multifaceted view of the current economic landscape in Sweden.

Overview of May 2024 Inflation Figures

The CPI rose by 0.2% from April to May 2024, consistent with the trend from the previous year. The annual change in the CPI was 3.7%, signaling a minor decrease from April. Meanwhile, the Consumer Price Index with fixed interest rate (CPIF), which is often a target variable for the Riksbank, Sweden's central bank, remained stable at 2.3%. An intriguing measure, the CPIF excluding energy (CPIF-XE), ticked up slightly to 3.0% from April's 2.9%, reflecting rising costs outside of the volatile energy sector.

What’s Driving the Changes?

A primary factor contributing to the decline in overall inflation was a significant drop in electricity prices, which decreased by 13.3% on a monthly basis, resulting in a -0.5 percentage point contribution to the CPI. This was enough to offset increases in various service sectors such as transport and accommodation, which have seen higher consumer prices.

Transport services, for instance, increased by 6.0%, influenced by costlier car rentals and air travel, while package holidays and hotel visits surged by 19.7% and 11.2% respectively. The food sector also saw an uptick, contributing positively to the inflation figures.

Sector-Specific Insights

The housing sector played a significant role in shaping the inflation landscape. Increased mortgage costs alone contributed 1.6 percentage points to the CPI's annual change, a slight decrease from April’s contribution of 1.8 percentage points. Additionally, rent and tenant-owned apartment fees also saw increases, contributing further to the housing inflation.

Interestingly, even as the CPI reflected changes influenced by mortgage rate shifts, the CPIF, which excludes these effects, presented a different picture of inflation, one possibly more indicative of underlying economic pressures without the noise of monetary policy changes.

Looking Forward: CPI Flash Estimate

A new development from Statistics Sweden is the introduction of the CPI flash estimate, which will start publishing this autumn. This preliminary figure will provide an early snapshot of inflation trends, aiding policymakers and economists in their assessments. It will include the CPI, CPIF, and CPIF-XE, offering a broader view of inflation just five days before the regular publication.

Conclusion

The May 2024 inflation data reveals a complex picture of Sweden's economic conditions. Lower electricity and fuel prices have provided some relief to consumers, but rising costs in services and housing continue to exert upward pressure on the overall inflation rate. As Sweden moves into the second half of 2024, all eyes will be on these trends to gauge the potential directions of monetary policy and economic health. Stay tuned for more updates, especially with the impending launch of the CPI flash estimate, which promises to add a new layer of insight into Sweden's inflation analysis.

Source: https://www.scb.se/en/finding-statistics/statistics-by-subject-area/prices-and-consumption/consumer-price-index/consumer-price-index-cpi/pong/statistical-news/consumer-price-index-cpi-may-2024/

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