market news report

paul-rejczak

Market News Report: March 16, 2020 - March 20, 2020

March 16, 2020, 7:32 AM Paul Rejczak

The scheduled economic data releases were much less important than monetary policy updates or governments' interventions news last week. Shocking Fed's Interest Rates cut and the QE announcement on Sunday is leading to another risk-on assets' sell-off today. What about the near future? Will the economic data releases move markets more than virus news? Probably not. But let's take a look at the details.

The week behind

Global financial markets continued to react to news about the ongoing corona virus crisis last week. The economic data releases have been overshadowed by spreading pandemic fears again. Thursday's ECB Rate Decision led to EUR/USD currency pair sell-off, but overall, last week's economic news didn't bring much attention of the markets.

The week ahead

What about the coming week? We won't have particularly important economic data releases in the coming days. So it is very likely that investors will continue to react to the mentioned virus scare. However, the market will likely await the U.S. Retail Sales and Philly Fed numbers on Tuesday and Thursday. On Tuesday we will also get the important German ZEW Economic Sentiment number. Then there will be economic data releases from Australia and Canada. Let's take a look at key highlights:

  • We will get some relatively important economic data releases from the U.S. this week - Retail Sales on Tuesday, Philly Fed Manufacturing Index on Thursday.
  • On Tuesday there will be German ZEW Economic Sentiment release.
  • We will also get the important economic data releases from Australia and Canada, including Monday's Monetary Policy Meeting Minutes from the Reserve Bank of Australia.
  • Oil traders will await Tuesday's and Friday's inventories data releases.

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, March 17

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

Crude Oil

Tuesday, March 17

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 18

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

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index

Stock Markets

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index

EUR/USD

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m

USD/JPY

  • No important economic news scheduled

GBP/USD

  • No important economic news scheduled

USD/CAD

Tuesday, March 17

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

Wednesday, March 18

  • 8:30 a.m. Canada - Core CPI m/m

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index

Friday, March 20

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

AUD/USD

Monday, March 16

  • 8:30 p.m. Australia - Monetary Policy Meeting Minutes

Wednesday, March 18

  • 8:30 p.m. Australia - Employment Change, Unemployment Rate

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • All Day, G7 Meetings

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • All Day, Eurozone - ECOFIN Meetings

Wednesday, March 18

  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 8:30 a.m. Canada - Core CPI m/m, CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y
  • 8:30 p.m. Australia - Employment Change, Unemployment Rate, RBA Bulletin

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales

Crude Oil

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 8:30 p.m. Australia - Monetary Policy Meeting Minutes, HPI q/q
  • All Day, G7 Meetings

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
  • 8:30 a.m. Canada - Manufacturing Sales m/m, Foreign Securities Purchases
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • All Day, Eurozone - ECOFIN Meetings

Wednesday, March 18

  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 8:30 a.m. Canada - Core CPI m/m, CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 8:30 p.m. Australia - Employment Change, Unemployment Rate, RBA Bulletin

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 8:30 a.m. Canada - ADP Non-Farm Employment Change, NHPI m/m
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales

Stock Markets

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 4:00 p.m. U.S. - TIC Long-Term Purchases
  • All Day, G7 Meetings

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • All Day, Eurozone - ECOFIN Meetings

Wednesday, March 18

  • 6:00 a.m. Eurozone - Final CPI y/y, Final Core CPI y/y, Trade Balance, Italian Trade Balance
  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 10:00 a.m. U.S. - Existing Home Sales

EUR/USD

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 4:00 p.m. U.S. - TIC Long-Term Purchases
  • All Day, G7 Meetings

Tuesday, March 17

  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • All Day, Eurozone - ECOFIN Meetings

Wednesday, March 18

  • 6:00 a.m. Eurozone - Final CPI y/y, Final Core CPI y/y, Trade Balance, Italian Trade Balance
  • 6:40 a.m. Eurozone - German 30-y Bond Auction
  • 8:30 a.m. U.S. - Building Permits, Housing Starts

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 3:00 a.m. Eurozone - German PPI m/m
  • 5:00 a.m. Eurozone - Current Account
  • 10:00 a.m. U.S. - Existing Home Sales

USD/JPY

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 8:30 p.m. Australia - Monetary Policy Meeting Minutes, HPI q/q
  • All Day, G7 Meetings

Tuesday, March 17

  • 12:30 a.m. Japan - Revised Industrial Production m/m
  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • 7:50 p.m. Japan - Trade Balance

Wednesday, March 18

  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 7:30 p.m. Japan - National Core CPI y/y
  • 8:30 p.m. Australia - Employment Change, Unemployment Rate, RBA Bulletin

Thursday, March 19

  • 12:30 a.m. Japan - All Industries Activity m/m
  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate
  • All Day, Japan - Bank Holiday

Friday, March 20

  • 10:00 a.m. U.S. - Existing Home Sales

GBP/USD

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 4:00 p.m. U.S. - TIC Long-Term Purchases
  • All Day, G7 Meetings

Tuesday, March 17

  • 5:30 a.m. U.K. - Average Earnings Index 3m/y, Claimant Count Change, Unemployment Rate
  • 6:00 a.m. Eurozone - German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • All Day, Eurozone - ECOFIN Meetings

Wednesday, March 18

  • 6:00 a.m. Eurozone - Final CPI y/y, Final Core CPI y/y, Trade Balance, Italian Trade Balance
  • 8:30 a.m. U.S. - Building Permits, Housing Starts

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m

Friday, March 20

  • 5:30 a.m. U.K. - Consumer Inflation Expectations, Public Sector Net Borrowing,
  • 8:00 a.m. U.K. - BOE Quarterly Bulletin
  • 10:00 a.m. U.S. - Existing Home Sales

USD/CAD

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 4:00 p.m. U.S. - TIC Long-Term Purchases
  • All Day, G7 Meetings

Tuesday, March 17

  • 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
  • 8:30 a.m. Canada - Manufacturing Sales m/m, Foreign Securities Purchases
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 18

  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 8:30 a.m. Canada - Core CPI m/m, CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 8:30 a.m. Canada - ADP Non-Farm Employment Change, NHPI m/m
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. - Existing Home Sales

AUD/USD

Monday, March 16

  • 8:30 a.m. U.S. - Empire State Manufacturing Index
  • 4:00 p.m. U.S. - TIC Long-Term Purchases
  • 8:30 p.m. Australia - Monetary Policy Meeting Minutes, HPI q/q
  • All Day, G7 Meetings

Tuesday, March 17

  • 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
  • 10:00 a.m. U.S. - Business Inventories m/m, JOLTS Job Openings, NAHB Housing Market Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock
  • 7:30 p.m. Australia - MI Leading Index m/m

Wednesday, March 18

  • 8:30 a.m. U.S. - Building Permits, Housing Starts
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 8:30 p.m. Australia - Employment Change, Unemployment Rate, RBA Bulletin

Thursday, March 19

  • 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Current Account, Unemployment Claims
  • 10:00 a.m. U.S. - CB Leading Index m/m
  • 9:30 p.m. China - PBoC Loan Prime Rate

Friday, March 20

  • 10:00 a.m. U.S. - Existing Home Sales

Thank you.

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

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