market news report

paul-rejczak

Market News Report: March 23, 2020 - March 27, 2020

March 23, 2020, 6:51 AM Paul Rejczak

It has happened again. The scheduled economic data releases were much less important than virus crisis news last week. However, the coming releases are starting to show a severe economic downturn. So, markets will likely pay more attention to the economic data releases in the near future. Let's take a look at the details.

The week behind

Global financial markets were much calmer last week following earlier risk-on assets' meltdown. However, they continued to react to news about the ongoing corona virus crisis. The economic data releases were overshadowed by spreading pandemic fears again. But the economic data releases are starting to show a severe economic downturn: Thursday's U.S. Unemployment Claims have been much worse than expected.

The week ahead

What about the coming week? It is very likely that investors will continue to react to the mentioned virus scare again this week. However, the market will also wait for the U.S. Flash Manufacturing PMI and Flash Services PMI numbers on Tuesday and the Unemployment Claims along with the Final GDP number on Thursday. We will also get the Eurozone data: PMI numbers on Tuesday and the German ifo number on Wednesday. The British Pound traders will await Thursday's monetary policy update from Bank of England. Let's take a look at key highlights:

  • On Tuesday we will get the U.S. Flash Manufacturing PMI and Flash Services PMI numbers. Then on Thursday, the Unemployment Claims and Final GDP will be released.
  • In Eurozone, on Tuesday we will get PMI numbers, including the German Flash Manufacturing PMI release. On Wednesday we will also get the German Final ifo Business Climate.
  • There will be important economic data from the U.K. this week, including Thursday's Official Bank Rate, Monetary Policy Summary, MPC Official Bank Rate Votes releases.
  • 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 24

  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

Crude Oil

Tuesday, March 24

  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

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

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

Stock Markets

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

EUR/USD

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

USD/JPY

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

GBP/USD

Tuesday, March 24

  • 5:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI

Wednesday, March 25

  • 5:30 a.m. U.K. - CPI y/y

Thursday, March 26

  • 5:30 a.m. U.K. - Retail Sales m/m
  • 8:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, MPC Official Bank Rate Votes
  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

USD/CAD

Tuesday, March 24

  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

AUD/USD

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, March 23

  • 7:00 a.m. Eurozone - German Buba Monthly Report
  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 6:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 p.m. Japan - Flash Manufacturing PMI
  • All Day - G20 Meetings

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Crude Oil

Monday, March 23

  • 7:00 a.m. Eurozone - German Buba Monthly Report
  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • 6:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI
  • 8:30 p.m. Japan - Flash Manufacturing PMI
  • All Day - G20 Meetings

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 9:00 a.m. U.S. - HPI m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 10:30 a.m. Australia - CB Leading Index m/m

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Stock Markets

Monday, March 23

  • 7:00 a.m. Eurozone - German Buba Monthly Report
  • 9:00 a.m. China - CB Leading Index m/m
  • 11:00 a.m. Eurozone - Consumer Confidence
  • All Day - G20 Meetings

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 9:00 a.m. U.S. - HPI m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

EUR/USD

Monday, March 23

  • 7:00 a.m. Eurozone - German Buba Monthly Report
  • 11:00 a.m. Eurozone - Consumer Confidence
  • All Day - G20 Meetings

Tuesday, March 24

  • 4:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 5:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 9:00 a.m. U.S. - HPI m/m
  • 10:00 a.m. Eurozone - Belgian NBB Business Climate

Thursday, March 26

  • 3:00 a.m. Eurozone - German GfK Consumer Climate
  • 5:00 a.m. Eurozone - ECB Economic Bulletin, M3 Money Supply y/y, Private Loans y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

USD/JPY

Monday, March 23

  • 9:00 a.m. China - CB Leading Index m/m
  • 8:30 p.m. Japan - Flash Manufacturing PMI
  • All Day - G20 Meetings

Tuesday, March 24

  • 1:00 a.m. Japan - BOJ Core CPI y/y
  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 7:50 p.m. Japan - SPPI y/y

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 7:30 p.m. Japan - Tokyo Core CPI y/y

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

GBP/USD

Monday, March 23

  • 7:00 a.m. Eurozone - German Buba Monthly Report
  • 11:00 a.m. Eurozone - Consumer Confidence
  • All Day - G20 Meetings

Tuesday, March 24

  • 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 5:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI, FPC Meeting Minutes, FPC Statement
  • 7:00 a.m. U.K. - CBI Industrial Order Expectations
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index

Wednesday, March 25

  • 5:00 a.m. Eurozone - German Final ifo Business Climate
  • 5:30 a.m. U.K. - CPI y/y, Core CPI y/y, PPI Input m/m, PPI Output m/m, HPI y/y, RPI y/y
  • 7:00 a.m. U.K. - CBI Realized Sales
  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m

Thursday, March 26

  • 5:30 a.m. U.K. - Retail Sales m/m
  • 8:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, MPC Official Bank Rate Votes, Asset Purchase Facility, MPC Asset Purchase Facility Votes
  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

USD/CAD

Monday, March 23

  • 8:30 a.m. Canada - Wholesale Sales m/m
  • 9:00 a.m. China - CB Leading Index m/m
  • All Day - G20 Meetings

Tuesday, March 24

  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 9:00 a.m. U.S. - HPI m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

AUD/USD

Monday, March 23

  • 9:00 a.m. China - CB Leading Index m/m
  • 6:00 p.m. Australia - Flash Manufacturing PMI, Flash Services PMI
  • All Day - G20 Meetings

Tuesday, March 24

  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - New Home Sales, Richmond Manufacturing Index
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Wednesday, March 25

  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 10:30 a.m. Australia - CB Leading Index m/m

Thursday, March 26

  • 8:30 a.m. U.S. - Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Goods Trade Balance, Preliminary Wholesale Inventories m/m

Friday, March 27

  • 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index 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

Did you enjoy the article? Share it with the others!

Gold Alerts

More

Dear Sunshine Profits,

gold and silver investors
menu subelement hover background