The financial markets have been fluctuating for most of the last week. Then on Friday we got worse-than-expected PMI numbers release, and corona virus fears reappeared ahead of the weekend. So markets went risk-off again. This week we will have some important economic data releases, but will they move markets more than virus news? Let’s take a look at the details.
The week behind
Wednesday’s
FOMC Meeting Minutes release has been the most anticipated economic event of the last week. But it wasn’t much of a game changer as stocks, price of gold along with currencies went sideways following that release. The other economic data releases were mixed. Then on Friday we got worse than expected
PMI numbers announcement. It pushed stock prices lower and gold higher. There were also
corona virus fears ahead of the weekend.
The week ahead
What about the coming week? Apart from Tuesday’s
CB Consumer Confidence, there won’t be much important economic news releases this week. But we will have
Preliminary GDP, Durable Goods Orders,
Personal Spending, Personal Income, Chicago PMI. Will those data releases affect markets in a more meaningful way than
corona-virus-related news in the coming days? We will also have some economic news releases from the
Eurozone, Australia and Canada. Let’s take a look at key highlights:
- Tuesday’s CB Consumer Confidence will be the most important economic data release this week.
- The other important economic data announcements include Wednesday’s New Home Sales, Thursday’s Preliminary GDP, Durable Goods Orders, Pending Home Sales, Friday’s Personal Spending, Personal Income, Chicago PMI, Michigan Consumer Sentiment.
- On Tuesday and Friday we will get economic data releases from Germany, and on Wednesday the ECB President Lagarde will speak.
- The currency traders will surely have to focus on this week’s economic data releases from Australia and Canada.
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 traders’ 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
Gold, Silver, and Mining Stocks
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
Crude Oil
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
- 10:30 a.m. U.S. - Crude Oil Inventories
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
Stock Markets
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
EUR/USD
Tuesday, February 25
- 2:00 a.m. Eurozone - German Final GDP q/q
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, February 26
- 8:30 a.m. Eurozone - ECB President Lagarde Speech
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 8:00 a.m. Eurozone - German Preliminary CPI m/m
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
USD/JPY
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
- 6:30 p.m. Japan - Tokyo Core CPI y/y, Unemployment Rate
- 6:50 p.m. Japan - Retail Sales y/y, Preliminary Industrial Production m/m
Friday, February 28
- 12:00 a.m. Japan - Housing Starts y/y
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
GBP/USD
Monday, February 24
- 1:30 p.m. U.K. - MPC Member Haldane Speech
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 5:30 a.m. U.K. - MPC Member Cunliffe Speech
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 6:15 a.m. U.K. - MPC Member Haldane Speech
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 11:15 a.m. U.K. - MPC Member Cunliffe Speech
USD/CAD
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
- 12:15 a.m. Canada - Governor Council Member Lane Speech
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 8:30 a.m. Canada - Current Account
- 10:00 a.m. U.S. - Pending Home Sales m/m
Friday, February 28
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 8:30 a.m. Canada - GDP m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
AUD/USD
Tuesday, February 25
- 10:00 a.m. U.S. - CB Consumer Confidence
- 7:30 p.m. Australia - Construction Work Done q/q
Wednesday, February 26
- 10:00 a.m. U.S. - New Home Sales
- 7:30 p.m. Australia - Private Capital Expenditure q/q
Thursday, February 27
- 8:30 a.m. U.S. - Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - Pending Home Sales m/m
- 7:30 p.m. Australia - Private Sector Credit m/m
Friday, February 28
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m
- 9:45 a.m. U.S. - Chicago PMI
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
- 8:00 p.m. China - Manufacturing PMI
Summing up, if you’re an investor and not a trader, you should pay extra attention to the mentioned Tuesday’s
CB Consumer Confidence release. There will also be series of other quite important U.S. economic data releases in the coming week. Plus, the Canadian Dollar currency traders should focus on Friday’s GDP number release in Canada.
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Thank you.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
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