Platform count, FOMC Harker’s speech and CFTC data in focus Friday By Investing.com

As traders approach another pivotal day for financial markets, Friday, September 20, 2024, a number of crucial economic data and speeches are expected that could influence market dynamics. The Baker Hughes platform count, a speech by FOMC member Patrick Harker and the release of CFTC data on speculative positions 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 US Rig Count at 1pm ET. Previous: 488. A key indicator of oil drilling industry activity.

• Baker Hughes US rig totals at 1pm ET. Previously: 590. Provides a comprehensive picture of drilling activity across the country.

• FOMC member Harker speaks at 2:00 PM ET. The Philadelphia Fed chairman’s comments could provide insights into future monetary policy.

• CFTC Speculative Positions at 3:30 PM ET. Previous: -59.4K. It indicates market sentiment among speculative traders.

• CFTC Speculative Positions at 3:30 PM ET. Previous: 25.6K. Reflects positioning in technology index futures.

• CFTC Gold Speculative Positions at 3:30 PM ET. Previous: 282.5K. It shows speculative interest in the precious metal.

• CFTC Speculative Positions at 3:30 PM ET. Previous: 140.0K. It indicates speculative sentiment in the oil market.

Other economic events to watch

• CFTC Aluminum Speculative Net Positions at 3:30 PM ET. Previous: 2.4K. Reflects positioning in aluminum futures contracts.

• CFTC Copper Speculative Positions at 3:30 PM ET. Previous: 12.8K. It indicates speculative interest in the markets.

• CFTC Silver Speculative Positions at 3:30 PM ET. Previously: 44.7K. Show positioning in .

• CFTC Natural Gas Speculative Positions at 3:30 PM ET. Previous: -87.6K. It reflects the speculative sentiment in the markets.

• CFTC Wheat Speculative Positions at 3:30 PM ET. Previous: -16.3K. Indicates positioning in wheat futures contracts.

• 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 contracts.

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

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