As traders approach another pivotal day for financial markets, Thursday, January 23, 2025, brings a series of crucial decisions and economic data releases that could sway market dynamics. The spotlight will be on initial jobless claims, a speech by U.S. President Trump, and the EIA crude oil inventories report, all of which have the potential to influence market sentiment and drive trading activity.
Major Economic Events to Watch
• 8:30 AM ET - Initial Jobless Claims: Expected at 221K, previous 217K. This weekly measure of first-time unemployment insurance claims provides an early indicator of labor market conditions.
• 11:00 AM ET - U.S. President Trump Speaks: The content of the speech is unknown, but presidential remarks often impact markets.
• 12:00 PM ET - EIA Crude Oil Inventories: Previous -1.962M. This weekly report on U.S. commercial crude oil stocks can significantly affect oil prices and related assets.
Other Important Economic Events to Watch
• 8:30 AM ET - Continuing Jobless Claims: Forecast 1,860K, previous 1,859K. This data shows the number of people receiving ongoing unemployment benefits.
• 12:00 PM ET - EIA Weekly Cushing Oil Inventories: Previous 0.765M. This report focuses on oil storage levels at a key delivery point for U.S. crude.
• 1:00 PM ET - 10-Year TIPS Auction: Previous yield 2.071%. This auction of inflation-protected securities can provide insights into inflation expectations.
• 4:30 PM ET - Reserve balances with Federal Reserve Banks: Previous 3.359T. This data reflects the amount of money depository institutions hold at the Fed.
• 4:30 PM ET - Fed's Balance Sheet: Previous 6,834B. This weekly report details the assets and liabilities of the Federal Reserve System.
Other Economic Events to Watch
• 8:30 AM ET - Jobless Claims 4-Week Avg.: Previous 212.75K. This smoother measure of jobless claims helps identify trends in the labor market.
• 10:30 AM ET - Natural Gas Storage: Previous -258B. This report on natural gas inventories can impact energy markets.
• 11:00 AM ET - KC Fed Composite Index: Previous -4. This survey provides insights into manufacturing activity in the Kansas City Federal Reserve district.
• 11:00 AM ET - KC Fed Manufacturing Index: Previous -5. Another measure of manufacturing conditions in the Kansas City Fed region.
• 11:30 AM ET - 4-Week Bill Auction: Previous yield 4.240%. This short-term Treasury auction can indicate near-term interest rate expectations.
• 11:30 AM ET - 8-Week Bill Auction: Previous yield 4.235%. Another short-term Treasury auction that provides insights into market demand for government debt.
• 12:00 PM ET - Gasoline Inventories: Previous 5.852M. This data on gasoline stocks can influence fuel prices and inflation expectations.
• 12:00 PM ET - EIA Weekly Gasoline Production: Previous 0.397M. This report shows changes in gasoline production levels.
• 12:00 PM ET - EIA Weekly Distillate Fuel Production: Previous -0.021M. This data reflects changes in the production of diesel and heating oil.
• 12:00 PM ET - EIA Weekly Distillates Stocks: Previous 3.077M. This inventory report can impact prices for diesel and heating oil.
• 12:00 PM ET - EIA Refinery Crude Runs: Previous -0.255M. This data shows the amount of crude oil processed by refineries.
• 12:00 PM ET - EIA Weekly Heatoil Stock: Previous 0.646M. This report on heating oil inventories can affect energy prices, especially in winter.
• 12:00 PM ET - EIA Weekly Refinery Utilization Rates: Previous -1.6%. This data indicates the percentage of refinery capacity in use.
• 12:00 PM ET - EIA Weekly Crude Imports: Previous -1.304M. This report shows changes in the volume of crude oil imported into the U.S.
For further information and the latest updates, please refer to our Economic Calendar, here.
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