Last week has been all about the U.S. - China trade war deal signing. The markets went almost full-on risk-on on that news. But there were more quite interesting developments, i.e. Thursday’s Euro decline. Will the coming week bring some interesting news events? Let’s take a look at the details.
The week behind
Last week’s economic data releases have been dimmed by Wednesday’s U.S. - China trade war deal signing event. It was a risk-on week, as stocks reached new record highs and the price of gold fluctuated following the recent reversal off a new multi-year high. But we’ve also got some better-than-expected U.S. economic data releases: Thursday’s Retail Sales number and Friday’s Housing Starts. And the Euro has been selling off vs. the dollar since Thursday’s ECB Monetary Policy Meeting Accounts release. Last but not least, the British Pound sold off after Friday’s U.K. Retail Sales data release.
Let’s take a look at last Thursday’s EUR/USD currency pair 30-minute chart. The ECB’s Monetary Policy Meeting Accounts release came in at 7:30 a.m. And the market reversed its short-term upward course at the same moment. Since then, it declined by almost a hundred pips:
The week ahead
What about the coming week? The central banks will start releasing their monetary policy statements this week: Japan on Monday, Canada on Wednesday, and the Eurozone on Thursday. And the next week we will have the FOMC release. In addition, the quarterly earnings season is gaining momentum and we will have some pretty important releases in the coming days. Let’s take a look at key highlights:
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
Monday, January 20
Tuesday, January 21
Thursday, January 23
Monday, January 20
Tuesday, January 21
Wednesday, January 22
Thursday, January 23
Monday, January 20
Tuesday, January 21
Thursday, January 23
Friday, January 24
Monday, January 20
Tuesday, January 21
Thursday, January 23
Friday, January 24
Monday, January 20
Tuesday, January 21
Thursday, January 23
Monday, January 20
Wednesday, January 22
Thursday, January 23
Friday, January 24
Monday, January 20
Tuesday, January 21
Wednesday, January 22
Thursday, January 23
Friday, January 24
Monday, January 20
Tuesday, January 21
Wednesday, January 22
Thursday, January 23
8:30 a.m. Eurozone - ECB Press Conference