Last week the markets went “risk on” following positive economic data releases. Will the coming holiday week bring some interesting news events? Let’s take a look at the details.
The week behind
Last week’s Monday’s and Friday’s U.S. economic data releases were pretty important for the financial markets. On Monday
stocks, oil were gaining and the price of gold was declining. And on Friday the U.S.
GDP number pushed the risk-on markets even higher. We highlighted those data releases in our
last week’s Market News Report. The rest of the week has also been interesting. On Wednesday the Australian employment data release pushed the AUD higher, and then the
Japanese Yen fell following overnight BOJ
Monetary Statement, Policy Rate announcements. On Thursday the British Pound accelerated its short-term downtrend after the Monetary Policy Summary release.
The week ahead
What about the coming week? There won’t be any important economic data releases in the U.S. And in the middle of the week, most financial markets will be closed. However, on Thursday there will be a speech from the BOJ Governor Kuroda. On Monday, we will get the Canadian GDP number. Last but not least, oil traders will get the usual inventories data. Let’s take a look at key highlights:
- We will get a lot less economic data releases in the coming Christmas holiday week.
- On Tuesday and on Thursday the U.S. markets will close earlier.
- The most important releases will likely be Monday’s Canadian GDP number and Thursday’s Bank of Japan’s Governor Kuroda Speech
- Oil traders will await Tuesday’s and Friday’s inventories data releases.
You will find this week’s the key news releases below (EST time zone). For your convenience, we broken them down per market to which they are particularly important, so that you know what to pay extra attention to, if you have or plan to have positions in one of them. Moreover, we put the particularly important news in bold. This kind of news is what is more likely to trigger volatile movements. The news that are not in bold usually don’t result in bigger intraday moves, so unless one is engaging in a particularly active form of
day trading, it might be best to focus on the news that we put in bold. Of course, you are free to use the below indications as you see fit. As far as we are concerned, we are usually not engaging in any day trading during days with “bold” events on a given market. However, in case of more medium-term trades, we usually choose to be aware of the increased intraday volatility, but not change the currently opened position.
Our Market News Report consists of two different time-related perspectives. The investors’ perspective is only suitable for the long-term investments. The single economic data releases rarely cause major outlook changes. Hence, we will only see a handful of bold markings every week. On the other hand, the trader’s perspective is for traders and day-traders, because the assets’ prices are likely to react on a single piece of economic data. So, there will be a lot more bold markings on potentially market-moving news every week.
Investors’ Perspective
USD/JPY
Thursday, December 26
- Tentative, Japan - BOJ Governor Kuroda Speech
USD/CAD
Monday, December 23
- 8:30 a.m. Canada - GDP m/m
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Thank you.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
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Disclaimer
All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.