This week’s Market News Report will be a little shorter than usual. Last week’s economic data releases have revealed more
coronavirus damage to the economy. Thursday’s weekly Unemployment Claims number has been close to 7 million once again! Two weeks ago it was the first data to show impact of the
pandemic on the U.S. economy. And we will likely get more bad economic data in the future. However, the markets remained relatively calm last week, as investors continued buying stocks.
What about the coming week? Let’s take a look at key highlights:
- The markets will likely pay most attention to Wednesday’s U.S. Retail Sales and Thursday’s Unemployment Claims releases.
- We will also get the China’s GDP number on Wednesday.
- On Wednesday there will also be important economic data releases from Australia and Canada.
- Last but not the least, oil traders will await Tuesday’s and Wednesday’s inventories data release.
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
Wednesday, April 15
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
Thursday, April 16
- 8:30 a.m. U.S. - Unemployment Claims
- 10:00 p.m. China - GDP q/y
Crude Oil
Tuesday, April 14
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, April 15
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
- 10:30 a.m. U.S. - Crude Oil Inventories
Thursday, April 16
- 8:30 a.m. U.S. - Unemployment Claims
- 10:00 p.m. China - GDP q/y
Stock Markets
Wednesday, April 15
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
Thursday, April 16
- 8:30 a.m. U.S. - Unemployment Claims
- 10:00 p.m. China - GDP q/y
EUR/USD
Wednesday, April 15
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
Thursday, April 16
- 8:30 a.m. U.S. - Unemployment Claims
USD/JPY
- No important economic data releases scheduled
GBP/USD
- No important economic data releases scheduled
USD/CAD
Wednesday, April 15
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
- 10:00 a.m. Canada - Overnight Rate, BOC Monetary Policy Report, BOC Rate Statement
- 11:15 a.m. Canada - BOC Press Conference
Thursday, April 16
- 8:30 a.m. U.S. - Unemployment Claims
- 10:00 p.m. China - GDP q/y
AUD/USD
Wednesday, April 15
- 9:30 p.m. Australia - Employment Change, Unemployment Rate
Thursday, April 16
- 10:00 p.m. China - GDP q/y
Summing up, the financial markets will likely continue to react to news about globally spreading corona virus in the near future. The scheduled economic data releases seem less important than monetary policy updates or news about governments’ interventions recently. However, if you’re an investor and not a trader, you should pay extra attention to Wednesday’s economic data releases from Australia and Canada. In addition, this week’s Retail Sales and Unemployment Claims releases
may show further virus impact on the U.S. economy.
We hope you enjoyed reading the above free analysis, and we encourage you to read today's Market News Report - this analysis' full version. The full Alert includes also the
Traders’ Perspective which is very useful for the people who trade within shorter time frames. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to
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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.