market news report

paul-rejczak

Market News Report: April 20, 2020 - April 24, 2020

April 20, 2020, 8:32 AM Paul Rejczak

Last week's economic data releases have continued revealing coronavirus damage to the economy. Thursday's weekly Unemployment Claims number has surpassed 5 million, but it was a little lower than expected. However, the markets remained relatively calm last week, as investors continued buying stocks. This week we will get another series of important economic data releases.

The week behind

Last week's economic data releases didn't move financial markets much. Stocks have extended their short-term uptrend following hopes of an economic stimulus support. Thursday's Unemployment Claims number release remained very big, as it surpassed 5 million. However it's been lower than the week before.

The week ahead

What about the coming week? The financial markets will continue to focus on virus crisis news in the near future. And we will see more evident data showing the pandemic impact on the economy. Investors will wait for Thursday's Unemployment Claims along with PMI numbers' releases this week. We will also have economic data releases in the Eurozone - German ZEW, ifo Business Climate, PMI's. Monday's Reserve Bank of Australia's Monetary Policy Meeting Minutes release will be closely watched by the AUD/USD forex traders. Let's take a look at key highlights:

  • On Thursday we will get important economic data from the U.S. - Unemployment Claims, Flash Manufacturing PMI, Flash Services PMI.
  • There will also be important data releases in the Eurozone - German ZEW Economic Sentiment on Tuesday, PMI numbers on Thursday, German ifo Business Climate on Friday.
  • On Monday and Tuesday we will get the important economic data releases from Australia.
  • Oil traders will also wait for 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

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Crude Oil

Tuesday, April 21

  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, April 22

  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Stock Markets

Tuesday, April 21

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI
  • After Close U.S. - INTC Quarterly Earnings

Friday, April 24

  • Before Open U.S. - AXP Quarterly Earnings

EUR/USD

Tuesday, April 21

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment

Thursday, April 23

  • 3:15 a.m. Eurozone - French Flash Services PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate

USD/JPY

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

GBP/USD

Tuesday, April 21

  • 2:00 a.m. U.K. - Claimant Count Change

Thursday, April 23

  • 4:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Friday, April 24

  • 2:00 a.m. U.K. - Retail Sales m/m

USD/CAD

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

AUD/USD

Monday, April 20

  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, April 20

  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech
  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales

Wednesday, April 22

  • 8:30 a.m. Canada - CPI m/m, Common CPI y/y, Core CPI m/m, Median CPI y/y, NHPI m/m, Trimmed CPI y/y
  • 9:00 a.m. U.S. - HPI m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 10:00 a.m. Eurozone - Consumer Confidence
  • 7:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 p.m. Japan - Flash Manufacturing PMI

Thursday, April 23

  • 2:00 a.m. Eurozone - German GfK Consumer Climate
  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Crude Oil

Monday, April 20

  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech
  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales
  • 10:30 a.m. Australia - CB Leading Index m/m
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 8:30 p.m. Australia - MI Leading Index m/m

Wednesday, April 22

  • 8:30 a.m. Canada - CPI m/m, Common CPI y/y, Core CPI m/m, Median CPI y/y, NHPI m/m, Trimmed CPI y/y
  • 9:00 a.m. U.S. - HPI m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 10:00 a.m. Eurozone - Consumer Confidence
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 p.m. Japan - Flash Manufacturing PMI

Thursday, April 23

  • 2:00 a.m. Eurozone - German GfK Consumer Climate
  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales
  • 10:30 a.m. U.S. - Natural Gas Storage

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Stock Markets

Monday, April 20

  • 6:00 a.m. Eurozone - German Buba Monthly Report
  • Before Open U.S. - HAL Quarterly Earnings
  • After Close U.S. - IBM Quarterly Earnings

Tuesday, April 21

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • Before Open U.S. - KO, LMT Quarterly Earnings
  • 10:00 a.m. U.S. - Existing Home Sales
  • After Close U.S. - CMG, NFLX, SNAP Quarterly Earnings
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, April 22

  • 9:00 a.m. U.S. - HPI m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • Before Open U.S. - BIIB, DAL, KMB, NEE, T Quarterly Earnings
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • After Close U.S. - AA, CSX, XLNX Quarterly Earnings

Thursday, April 23

  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • Before Open U.S. - BX, DOW, HSY, LLY, LUV Quarterly Earnings
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales
  • After Close U.S. - COF, INTC Quarterly Earnings

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • Before Open U.S. - AXP, VZ Quarterly Earnings
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

EUR/USD

Monday, April 20

  • 2:00 a.m. Eurozone - German PPI m/m
  • 4:00 a.m. Eurozone - Current Account
  • 5:00 a.m. Eurozone - Trade Balance
  • 6:00 a.m. Eurozone - German Buba Monthly Report

Tuesday, April 21

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 10:00 a.m. U.S. - Existing Home Sales

Wednesday, April 22

  • 9:00 a.m. U.S. - HPI m/m
  • 10:00 a.m. Eurozone - Consumer Confidence

Thursday, April 23

  • 2:00 a.m. Eurozone - German GfK Consumer Climate
  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 9:00 a.m. Eurozone - Belgian NBB Business Climate
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

USD/JPY

Monday, April 20

  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech
  • 10:00 a.m. U.S. - Existing Home Sales

Wednesday, April 22

  • 9:00 a.m. U.S. - HPI m/m
  • 8:30 p.m. Japan - Flash Manufacturing PMI

Thursday, April 23

  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales
  • 7:30 p.m. Japan - National Core CPI y/y
  • 7:50 p.m. Japan - SPPI y/y

Friday, April 24

  • 12:30 a.m. Japan - All Industries Activity m/m
  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

GBP/USD

Tuesday, April 21

  • 2:00 a.m. U.K. - Claimant Count Change, Average Earnings Index 3m/y, Unemployment Rate
  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment

Wednesday, April 22

  • 2:00 a.m. U.K. - CPI y/y, Core CPI y/y, PPI Input m/m, PPI Output m/m, RPI y/y
  • 4:30 a.m. U.K. - HPI y/y
  • 9:00 a.m. U.S. - HPI m/m

Thursday, April 23

  • 2:00 a.m. U.K. - Public Sector Net Borrowing
  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 4:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI
  • 6:00 a.m. U.K. - CBI Industrial Order Expectations
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales
  • 7:01 p.m. U.K. - GfK Consumer Confidence

Friday, April 24

  • 2:00 a.m. U.K. - Retail Sales m/m
  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

USD/CAD

Monday, April 20

  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech
  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, April 22

  • 8:30 a.m. Canada - CPI m/m, Common CPI y/y, Core CPI m/m, Median CPI y/y, NHPI m/m, Trimmed CPI y/y
  • 9:00 a.m. U.S. - HPI m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, April 23

  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales

Friday, April 24

  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

AUD/USD

Monday, April 20

  • 9:30 p.m. Australia - RBA Monetary Policy Meeting Minutes

Tuesday, April 21

  • 1:00 a.m. Australia - RBA Governor Lowe Speech
  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 10:00 a.m. U.S. - Existing Home Sales
  • 10:30 a.m. Australia - CB Leading Index m/m
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 8:30 p.m. Australia - MI Leading Index m/m

Wednesday, April 22

  • 9:00 a.m. U.S. - HPI m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI

Thursday, April 23

  • 3:15 a.m. Eurozone - French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales

Friday, April 24

  • 4:00 a.m. Eurozone - German ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care

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