market news report

paul-rejczak

Market News Report: January 6, 2020 - January 10, 2020

January 6, 2020, 7:37 AM Paul Rejczak

The New Year's Eve week has been quite nervous for the financial markets. Last days of 2019 brought declines in the risk-on assets, but then the sentiment greatly improved on Thursday. Not for long, as the Middle East crisis erupted later in the day... Will the coming week bring some interesting news events? Let's take a look at the details.

The week behind

It has been a pretty volatile week for the financial markets. The last days of 2019 brought pull-back in stocks, oil and an advance in gold. The data releases were mixed, so it was all about year's end "window dressing" trading action. Then came the first trading day of 2020 - Thursday, January 3. The economic data releases came out along with expectations pushing risk-on assets prices much higher. But later in the day news from Iraq significantly lowered investors' sentiment. Friday's economic data releases seemed less relevant, as everyone's attention drifted towards the Middle East news.

The week ahead

What about the coming week? We will certainly see more U.S. - Iran/Iraq conflict updates that will affect the markets in the near future. What about the scheduled economic data releases? The most important news will be Friday's monthly jobs data release in the U.S., preceded by Wednesday's ADP number. We will also have the ISM Non-Manufacturing PMI and inflation data from the Eurozone on Tuesday. The forex traders will likely pay attention to this week's series of economic data releases from Australia. There will also be the Bank of Canada Governor Poloz speech on Thursday followed by Friday's monthly jobs data release in Canada. Let's take a look at key highlights:

  • Friday's U.S. Non-farm Payrolls along with the Unemployment Rate will be the most important economic data releases in the coming week.
  • The mentioned monthly jobs data release will be preceded by Wednesday's ADP Non-Farm Employment Change release.
  • On Tuesday we will get the ISM Non-Manufacturing PMI and the Eurozone's CPI number.
  • On Tuesday, Wednesday and Thursday there will be some important economic data releases from Australia, and on Thursday and Friday we will await the releases from 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, January 7

  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate

Crude Oil

Tuesday, January 7

  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:30 a.m. U.S. - Crude Oil Inventories

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate

Stock Markets

Monday, January 6

  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate

EUR/USD

Monday, January 6

  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech

Thursday, January 9

  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate

USD/JPY

Monday, January 6

  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Wednesday, January 8

  • 0:00 a.m. Japan - Consumer Confidence
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 11:30 a.m. U.S. - FOMC Member Williams Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate

GBP/USD

Monday, January 6

  • 4:30 a.m. U.K. - Final Services PMI
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 11:30 a.m. U.S. - FOMC Member Williams Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate

USD/CAD

Monday, January 6

  • 8:30 a.m. Canada - RMPI m/m, IPPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
  • 10:00 a.m. Canada - Ivey PMI

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:15 a.m. Canada - Housing Starts
  • 8:30 a.m. Canada - Building Permits m/m
  • 2:00 p.m. Canada - BOC Governor Poloz Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate

AUD/USD

Tuesday, January 7

  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
  • 7:30 p.m. Australia - Building Approvals m/m

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 7:30 p.m. Australia - Trade Balance

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 7:30 p.m. Australia - Retail Sales m/m

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, January 6

  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 8:30 a.m. Canada - RMPI m/m, IPPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • 10:00 a.m. Canada - Ivey PMI
  • 7:30 p.m. Australia - Building Approvals m/m

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 7:30 p.m. Australia - Trade Balance
  • 8:30 p.m. China - CPI y/y, PPI y/y

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:15 a.m. Canada - Housing Starts
  • 8:30 a.m. U.S. - Unemployment Claims
  • 8:30 a.m. Canada - Building Permits m/m
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 2:00 p.m. Canada - BOC Governor Poloz Speech
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech
  • 7:30 p.m. Australia - Retail Sales m/m

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

Crude Oil

Monday, January 6

  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • 10:00 a.m. Canada - Ivey PMI
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 7:30 p.m. Australia - Building Approvals m/m

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:30 p.m. Australia - Trade Balance
  • 8:30 p.m. China - CPI y/y, PPI y/y

Thursday, January 9

  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:15 a.m. Canada - Housing Starts
  • 8:30 a.m. U.S. - Unemployment Claims
  • 8:30 a.m. Canada - Building Permits m/m
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 2:00 p.m. Canada - BOC Governor Poloz Speech
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech
  • 7:30 p.m. Australia - Retail Sales m/m

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

Stock Markets

Monday, January 6

  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, January 8

  • 2:00 a.m. Eurozone - German Factory Orders m/m
  • 2:45 a.m. Eurozone - French Trade Balance
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 8:30 p.m. China - CPI y/y, PPI y/y

Thursday, January 9

  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

EUR/USD

Monday, January 6

  • 2:00 a.m. Eurozone - German Retail Sales m/m
  • 3:15 a.m. Eurozone - Spanish Services PMI
  • 3:45 a.m. Eurozone - Italian Services PMI
  • 3:50 a.m. Eurozone - French Final Services PMI
  • 3:55 a.m. Eurozone - German Final Services PMI
  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m

Wednesday, January 8

  • 2:00 a.m. Eurozone - German Factory Orders m/m
  • 2:45 a.m. Eurozone - French Trade Balance
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 8:30 p.m. China - CPI y/y, PPI y/y

Thursday, January 9

  • 2:00 a.m. Eurozone - German Industrial Production m/m, German Trade Balance
  • 4:00 a.m. Eurozone - Italian Monthly Unemployment Rate
  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech
  • Tentative, Eurozone - French 10-y Bond Auction

Friday, January 10

  • 2:45 a.m. Eurozone - French Industrial Production m/m
  • 4:00 a.m. Eurozone - Italian Industrial Production m/m
  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

USD/JPY

Monday, January 6

  • 9:45 a.m. U.S. - Final Services PMI
  • 6:50 p.m. Japan - Monetary Base y/y
  • 10:35 p.m. Japan - 10-y Bond Auction

Tuesday, January 7

  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • 6:30 p.m. Japan - Average Cash Earnings y/y

Wednesday, January 8

  • 0:00 a.m. Japan - Consumer Confidence
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 8:30 p.m. China - CPI y/y, PPI y/y
  • 10:35 p.m. Japan - 30-y Bond Auction

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 6:30 p.m. Japan - Household Spending y/y

Friday, January 10

  • 0:00 a.m. Japan - Leading Indicators
  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

GBP/USD

  • Monday, January 6
  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 4:30 a.m. U.K. - Final Services PMI
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 4:30 a.m. U.K. - Housing Equity Withdrawal q/q
  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • Tentative, U.K. - 10-y Bond Auction

Wednesday, January 8

  • 3:30 a.m. U.K. - Halifax HPI m/m
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 7:01 p.m. U.K. - BRC Retail Sales Monitor y/y

Thursday, January 9

  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

USD/CAD

Monday, January 6

  • 4:00 a.m. Eurozone - Final Services PMI
  • 4:30 a.m. Eurozone - Sentix Investor Confidence
  • 5:00 a.m. Eurozone - PPI m/m
  • 9:45 a.m. U.S. - Final Services PMI

Tuesday, January 7

  • 4:30 a.m. U.K. - Housing Equity Withdrawal q/q
  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m, Retail Sales m/m
  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • Tentative, U.K. - 10-y Bond Auction

Wednesday, January 8

  • 3:30 a.m. U.K. - Halifax HPI m/m
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 7:01 p.m. U.K. - BRC Retail Sales Monitor y/y

Thursday, January 9

  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 2:00 p.m. Canada - BOC Governor Poloz Speech
  • 2:10 p.m. Eurozone - German Buba President Weidmann Speech

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada - Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

AUD/USD

Monday, January 6

  • 9:45 a.m. U.S. - Final Services PMI
  • 7:30 pm. Australia - ANZ Job Advertisements m/m

Tuesday, January 7

  • 8:30 a.m. U.S. -Trade Balance
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 4:30 p.m. Australia - AIG Construction Index
  • 7:30 p.m. Australia - Building Approvals m/m

Wednesday, January 8

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - FOMC Member Brainard Speech
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 1:01 p.m. U.S. - 10-y Bond Auction
  • 3:00 p.m. U.S. - Consumer Credit m/m
  • 7:30 p.m. Australia - Trade Balance
  • 8:30 p.m. China - CPI y/y, PPI y/y

Thursday, January 9

  • 8:00 a.m. U.S. - FOMC Member Clarida Speech
  • 8:30 a.m. U.S. - Unemployment Claims
  • 11:30 a.m. U.S. - FOMC Member Williams Speech
  • 1:01 p.m. U.S. - 30-y Bond Auction
  • 4:30 p.m. Australia - AIG Services Index
  • 7:30 p.m. Australia - Retail Sales m/m

Friday, January 10

  • 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - Final Wholesale Inventories m/m

Thank you.

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

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