market news report

paul-rejczak

Market News Report: February 10, 2020 - February 14, 2020

February 10, 2020, 6:58 AM Paul Rejczak

The markets went risk-on last week following better-than-expected economic data releases, as China virus fears eased. This week we will have a lot of Fed talk and another pretty important set of economic data releases. Let's take a look at the details.

The week behind

The corona virus fears eased last week, as financial markets reacted to better-than-expected economic data releases, U.S. quarterly corporate earnings. Overall, we've seen a risk-on trading action. The stock market has reached new record highs, but gold fluctuated following recent advances. Friday's Nonfarm Payrolls, Unemployment Rate were the most important economic data releases of the week. However, they were pretty much mixed and the markets were going sideways.

Let's take a look at 30-minute chart of the S&P 500 futures contract. The market was advancing following Friday's Nonfarm Payrolls release, but then it has quickly reversed lower. However, we didn't see that much of changes. And later in the day stocks were declining ahead of weekend's pause and some China virus uncertainty:

The week ahead

What about the coming week? We will have a lot of so-called Fed talk this week, including Tuesday's-Wednesday's Testimony from Powell. Then the markets will be focusing on two important economic data releases: Thursday's CPI and Friday's Retail Sales number. On Tuesday we will get the GDP number in the U.K. Investors will continue to react to quarterly earnings releases. Let's take a look at key highlights:

  • Friday's U.S. Retail Sales number will be the most important economic data release this week.
  • We will also have Jerome Powell's Testimony on Tuesday and Wednesday.
  • The U.S. Consumer Price Index will be released on Thursday.
  • Tuesday's U.K. GDP number release will be important for the British Pound currency pairs.
  • There will also be some quarterly corporate earnings releases this week.

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 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

Crude Oil

Tuesday, February 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

Stock Markets

Tuesday, February 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • After Close U.S. - CSCO Quarterly Earnings

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • After Close U.S. - NVDA Quarterly Earnings

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate

EUR/USD

Tuesday, February 11

  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q
  • 5:00 a.m. Eurozone - Trade Balance, Flash GDP q/q, Flash Employment Change q/q
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

USD/JPY

Tuesday, February 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • All Day, Japan - Bank Holiday

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

GBP/USD

Tuesday, February 11

  • 4:30 a.m. U.K. - GDP q/q
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:35 a.m. U.K. - BOE Governor Carney Speech

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

USD/CAD

Tuesday, February 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate

AUD/USD

Tuesday, February 11

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, February 12

  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 7:15 p.m. Australia - RBA Governor Lowe Speech

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, February 10

  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech

Wednesday, February 12

  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 7:15 p.m. Australia - RBA Governor Lowe Speech

Thursday, February 13

  • 5:00 a.m. Eurozone - EU Economic Forecasts
  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q, German WPI m/m
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

Crude Oil

Monday, February 10

  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 8:15 a.m. Canada - Housing Starts
  • 8:30 a.m. Canada - Building Permits m/m
  • 3:15 p.m. U.S. - FOMC Member Harker Speech
  • 7:30 p.m. Australia - NAB Business Confidence

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 6:30 p.m. Australia - Westpac Consumer Sentiment

Wednesday, February 12

  • 5:00 a.m. Eurozone - Industrial Production m/m
  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:15 p.m. Australia - RBA Governor Lowe Speech

Thursday, February 13

  • 5:00 a.m. Eurozone - EU Economic Forecasts
  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q, German WPI m/m
  • 5:00 a.m. Eurozone - Trade Balance, Flash GDP q/q, Flash Employment Change q/q
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

Stock Markets

Monday, February 10

  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • Before Open U.S. - GT, HLT, UA Quarterly Earnings
  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech
  • After Close U.S. - AKAM, WU Quarterly Earnings
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, February 12

  • 5:00 a.m. Eurozone - Industrial Production m/m
  • Before Open U.S. - CME, CVS, GOLD, MCO, SHOP Quarterly Earnings
  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • After Close U.S. - AMAT, CSCO, CTL, MRO Quarterly Earnings

Thursday, February 13

  • 2:00 a.m. Eurozone - German Final CPI m/m
  • 5:00 a.m. Eurozone - EU Economic Forecasts
  • Before Open U.S. - AIG, BABA, DUK, KHC, PEP Quarterly Earnings
  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • After Close U.S. - NVDA Quarterly Earnings
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q, German WPI m/m
  • 5:00 a.m. Eurozone - Trade Balance, Flash GDP q/q, Flash Employment Change q/q
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

EUR/USD

Monday, February 10

  • 4:00 a.m. Eurozone - Italian Industrial Production m/m
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech

Wednesday, February 12

  • 5:00 a.m. Eurozone - Industrial Production m/m
  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 2:00 p.m. U.S. - Federal Budget Balance
  • Tentative, Eurozone - German 10-y Bond Auction

Thursday, February 13

  • 2:00 a.m. Eurozone - German Final CPI m/m
  • 5:00 a.m. Eurozone - EU Economic Forecasts
  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q, German WPI m/m
  • 4:00 a.m. Eurozone - Italian Trade Balance
  • 5:00 a.m. Eurozone - Trade Balance, Flash GDP q/q, Flash Employment Change q/q
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

USD/JPY

Monday, February 10

  • 12:00 a.m. Japan - Economy Watchers Sentiment
  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech
  • 6:50 p.m. Japan - M2 Money Stock y/y
  • All Day, Japan - Bank Holiday

Wednesday, February 12

  • 1:00 a.m. Japan - Preliminary Machine Tool Orders y/y
  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 2:00 p.m. U.S. - Federal Budget Balance
  • 6:50 p.m. Japan - PPI y/y

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 5:30 p.m. U.S. - FOMC Member Williams Speech
  • 11:30 p.m. Japan - Tertiary Industry Activity m/m

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

GBP/USD

Monday, February 10

  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech
  • 7:01 p.m. U.K. - BRC Retail Sales Monitor y/y

Tuesday, February 11

  • 4:30 a.m. U.K. - GDP q/q, GDP m/m, Manufacturing Production m/m, Construction Output m/m, Goods Trade Balance, Index of Services 3m/3m, Industrial Production m/m, Preliminary Business Investment q/q
  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 9:00 a.m. Eurozone - ECB President Lagarde Speech
  • 9:00 a.m. U.K. - NIESR GDP Estimate
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 10:35 a.m. U.K. - BOE Governor Carney Speech
  • 12:00 p.m. U.K. - MPC Member Haskel Speech
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech

Wednesday, February 12

  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 9:30 a.m. U.K. - CB Leading Index m/m
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 2:00 p.m. U.S. - Federal Budget Balance
  • 7:01 p.m. U.K. - RICS House Price Balance

Thursday, February 13

  • 5:00 a.m. Eurozone - EU Economic Forecasts
  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 2:00 a.m. Eurozone - German Preliminary GDP q/q, German WPI m/m
  • 5:00 a.m. Eurozone - Trade Balance, Flash GDP q/q, Flash Employment Change q/q
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

USD/CAD

Monday, February 10

  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 8:15 a.m. Canada - Housing Starts
  • 8:30 a.m. Canada - Building Permits m/m
  • 3:15 p.m. U.S. - FOMC Member Harker Speech

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, February 12

  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 2:00 p.m. U.S. - Federal Budget Balance

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

AUD/USD

Monday, February 10

  • 8:15 a.m. U.S. - FOMC Member Bowman Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech
  • 7:30 p.m. Australia - NAB Business Confidence

Tuesday, February 11

  • 6:00 a.m. U.S. - NFIB Small Business Index
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony, JOLTS Job Openings, Mortgage Delinquencies
  • 12:15 p.m. U.S. - FOMC Member Quarles Speech
  • 2:15 p.m. U.S. - FOMC Member Kashkari Speech
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 6:30 p.m. Australia - Westpac Consumer Sentiment

Wednesday, February 12

  • 8:30 a.m. U.S. - FOMC Member Harker Speech
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 2:00 p.m. U.S. - Federal Budget Balance
  • 7:00 p.m. Australia - MI Inflation Expectations
  • 7:15 p.m. Australia - RBA Governor Lowe Speech

Thursday, February 13

  • 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 5:30 p.m. U.S. - FOMC Member Williams Speech

Friday, February 14

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m
  • 11:45 a.m. U.S. - FOMC Member Mester Speech

Thank you.

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

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