As traders approach another crucial day for financial markets on Friday, September 20, 2024, a number of crucial economic data releases and speeches are expected that could influence market dynamics. Baker Hughes’ rig count, a speech by FOMC member Patrick Harker, and the release of CFTC speculative positions data are among the key events that will be closely watched by investors and analysts.
Key economic events to watch
Other important economic events to consider
• Baker Hughes U.S. drilling rig count as of 1:00 p.m. ET Previous: 488. A key indicator of oil drilling industry activity.
• Baker Hughes total US drilling rig count as of 1:00 pm ET Previous: 590. Provides a comprehensive view of drilling activity across the country.
• FOMC member Harker will speak at 2:00 p.m. ET. The Philadelphia Fed president’s remarks may offer insight into future monetary policy.
• CFTC Speculative Positions at 3:30pm ET Previous: -59.4K. Indicates market sentiment among speculative traders.
• CFTC Speculative Positions at 3:30pm ET Previous: 25.6K. Reflects positioning in tech-heavy index futures.
• CFTC Gold Speculative Positions at 3:30pm ET Previous: 282.5K. Shows speculative interest in the precious metal.
• CFTC Speculative Positions at 3:30pm ET Previous: 140,000. Indicates speculative sentiment in the oil market.
Other economic events to consider
• CFTC Aluminum Net Speculative Positions as of 3:30 p.m. ET Previous: 2400. Reflects positioning in aluminum futures.
• CFTC Copper Speculative Positions at 3:30pm ET Previous: 12.8k. Indicates speculative interest in the markets.
• CFTC Silver Speculative Positions at 3:30pm ET Previous: 44.7K. Shows positioning at .
• CFTC Natural Gas Speculative Positions at 3:30pm ET Previous: -87.6K. Reflects speculative sentiment in the markets.
• CFTC Wheat Speculative Positions at 3:30pm ET Previous: -16.3k. Indicates positioning in wheat futures.
• CFTC Corn Speculative Positions at 3:30pm ET Previous: -47.8K. Shows speculative interest in corn markets.
• CFTC Soybean Speculative Positions at 3:30pm ET Previous: -144.2K. Reflects positioning in soybean futures.
For more information and the latest updates, please check out our Economic Calendar, here https://www.investing.com/economic-calendar/
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