As traders approach another important day for financial markets, a series of key economic data releases that could change market dynamics are expected on Friday, January 17, 2025. The spotlight is on permits. in construction, providing insights into the health of the housing sector and broader economic trends.

Key Economic Events to Watch

• 8:30 AM ET – Building Permits (Dec): Forecast 1.460M, Previous 1.493M. A key indicator of demand in the housing market.

Other Important Economic Events to Watch

• 8:30 AM ET – Building Permits (MoM) (Dec): Previously 5.2%. Measures monthly renewal of new building permits issued.

• 8:30 AM ET – Home Start (Dec): Forecast 1.330M, Previous 1.289M. Shows new residential construction activity.

• 8:30 AM ET – Housing Starts (MoM) (Dec): Previously -1.8%. Shows the monthly change in the start of new home construction.

• 9:15 AM ET – Industrial Production (MoM) (Dec): Forecast 0.3%, Previous -0.1%. Change in measures of output in the industrial sector.

• 9:15 AM ET – Industrial Production (YoY) (Dec): Previously -0.90%. Shows the annual change in industrial production.

• 12:15 PM ET – Atlanta Fed GDP Today (Q4): Forecast 3.0%, Previous 3.0%. Provides a real-time estimate of GDP growth.

• 1:00 PM ET – Baker Hughes (NASDAQ:) US Rig Count: Previously 480. Reflects activity in the oil drilling industry.

• 1:00 PM UG – US Baker Hughes Total (EPA:) Rig Count: Previously 584. Shows total active drilling rigs.

• 3:30 PM ET – CFTC S&P 500 speculative positions: Previously -62.2K. Reveals speculative trading sentiment.

• 3:30 PM ET – CFTC speculative positions: Previously 18.8K. Shows speculative positions in the tech-heavy index.

• 3:30 PM ET – CFTC Gold speculative positions: Previously 254.9K. Showing speculative interest in .

• 3:30 PM ET – CFTC speculative positions: Previously 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 US securities.

Other Economic Events to Watch

• 9:15 AM ET – Manufacturing Output (MoM) (Dec): Forecast 0.2%, Previous 0.2%. Shows the 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 Aluminum speculative net positions: Previously 2.9K. Reflects speculative interest in aluminum futures.

• 3:30 PM ET – CFTC Copper speculative positions: Previously 4.3K. Reflects speculative sentiment in the markets.

• 3:30 PM ET – CFTC Silver speculative positions: Previously 40.9K. Reflects speculative interest in .

• 3:30 PM ET – CFTC Natural Gas speculative positions: Previously -104.8K. Shows hypothetical positions of .

• 3:30 PM ET – CFTC Wheat speculative positions: Previously -79.5K. Reflects speculative interest in wheat futures.

• 3:30 PM ET – CFTC speculative positions: Previously 319.8K. Reflects speculative positions in corn markets.

• 3:30 PM ET – CFTC Soybeans speculative positions: Previously -50.0K. Reflects speculative interest in soybean futures.

• 4:00 PM ET – TIC Net Long-Term Transactions including Swaps (Nov): Last $152.30B. Measurement of foreign investment including swap.

• 4:00 PM ET – Total Net Capital Flow (Nov): Last $203.60B. Reflects net international capital flows.

• 4:00 PM ET – Foreign Buying, T-bonds (Nov): Previously $92.10B. Reflects foreign purchases of US Treasury bonds.

For more information and latest updates, please see our Economic Calendar, HERE.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.