Rig count, FOMC's Harker speech, and CFTC data in focus Friday

As traders approach another pivotal day for financial markets on Friday, September 20, 2024, a series of crucial economic data releases and speeches that could sway market dynamics are expected. The 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.

Major Economic Events to Watch

Other Important Economic Events to Watch

• Baker Hughes U.S. Rig Count at 1:00 PM ET. Previous: 488. A key indicator of oil drilling industry activity.

• U.S. Baker Hughes Total Rig Count at 1:00 PM ET. Previous: 590. Provides a comprehensive view of drilling activity across the country.

• FOMC Member Harker Speaks at 2:00 PM ET. Philadelphia Fed President's remarks may offer insights into future monetary policy.

• CFTC S&P 500 speculative positions at 3:30 PM ET. Previous: -59.4K. Indicates market sentiment among speculative traders.

• CFTC Nasdaq 100 speculative positions at 3:30 PM ET. Previous: 25.6K. Reflects positioning in tech-heavy index futures.

• CFTC Gold speculative positions at 3:30 PM ET. Previous: 282.5K. Shows speculative interest in the precious metal.

• CFTC Crude Oil speculative positions at 3:30 PM ET. Previous: 140.0K. Indicates speculative sentiment in the oil market.

Other Economic Events to Watch

• CFTC Aluminium speculative net positions at 3:30 PM ET. Previous: 2.4K. Reflects positioning in aluminum futures.

• CFTC Copper speculative positions at 3:30 PM ET. Previous: 12.8K. Indicates speculative interest in copper markets.

• CFTC Silver speculative positions at 3:30 PM ET. Previous: 44.7K. Shows positioning in silver futures .

• CFTC Natural Gas speculative positions at 3:30 PM ET. Previous: -87.6K. Reflects speculative sentiment in natural gas markets.

• CFTC Wheat speculative positions at 3:30 PM ET. Previous: -16.3K. Indicates positioning in wheat futures.

• CFTC Corn speculative positions at 3:30 PM ET. Previous: -47.8K. Shows speculative interest in corn markets.

• CFTC Soybeans speculative positions at 3:30 PM ET. Previous: -144.2K. Reflects positioning in soybean futures.

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

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Source: Investing.com