market news report

paul-rejczak

Market News Report: March 30, 2020 - April 3 2020

March 30, 2020, 7:30 AM Paul Rejczak

Last week's Thursday's Unemployment Claims number release has been a real eye-opener for the financial markets. The scheduled economic data releases may show coronavirus crisis impact on the economy. So, markets will likely pay more attention to the releases in the near future. Let's take a look at the details.

The week behind

The economic data releases have been overshadowed by the ongoing corona virus crisis developments again. But we had one exception - Thursday's Unemployment Claims number surpassing 3 million! And it was the first data to show impact of the pandemic on the U.S. economy.

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, we could also see more evident data showing the virus crisis impact on the economy. Investors will likely await Tuesday's Consumer Confidence number, then Wednesday's and Friday's PMI numbers. We will also have the monthly jobs data release on Friday, preceded by ADP Non-Farm Employment Change number release on Wednesday. The monthly employment data releases may also show the initial pandemic impact on the economy. Let's take a look at key highlights:

  • On Friday we will get monthly Nonfarm Payrolls along with Unemployment Rate.
  • Investors will also wait for Tuesday's Consumer Confidence, Wednesday's and Friday's PMI numbers and Thursday's Unemployment Claims releases.
  • Wednesday's ADP Non-farm Employment Change will precede the mentioned Friday's monthly jobs data release.
  • Oil traders will await 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

Tuesday, March 31

  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Thursday, April 2

  • 8:30 a.m. U.S. - Unemployment Claims

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Crude Oil

Tuesday, March 31

  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 10:30 a.m. U.S. - Crude Oil Inventories

Thursday, April 2

  • 8:30 a.m. U.S. - Unemployment Claims

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Stock Markets

Monday, March 30

  • 9:00 p.m. China - Manufacturing PMI

Tuesday, March 31

  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Thursday, April 2

  • 8:30 a.m. U.S. - Unemployment Claims

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

EUR/USD

Tuesday, March 31

  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Thursday, April 2

  • 8:30 a.m. U.S. - Unemployment Claims

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

USD/JPY

Tuesday, March 31

  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

GBP/USD

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

USD/CAD

Tuesday, March 31

  • 8:30 a.m. Canada - GDP m/m
  • 10:00 a.m. U.S. - CB Consumer Confidence

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Thursday, April 2

  • 8:30 a.m. U.S. - Unemployment Claims

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

AUD/USD

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. - ISM Manufacturing PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Traders' Perspective

Gold, Silver, and Mining Stocks

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 8:30 a.m. Canada - GDP m/m, IPPI m/m, RMPI m/m
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:30 a.m. Canada - Manufacturing PMI
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Crude Oil

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 8:30 a.m. Canada - GDP m/m, IPPI m/m, RMPI m/m
  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:30 a.m. Canada - Manufacturing PMI
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Stock Markets

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

EUR/USD

Monday, March 30

  • 3:00 a.m. Eurozone - Spanish Flash CPI y/y
  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 2:00 a.m. Eurozone - German Import Prices m/m
  • 2:45 a.m. Eurozone - French Consumer Spending m/m, French Preliminary CPI m/m
  • 3:55 a.m. Eurozone - German Unemployment Change
  • 5:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Italian Preliminary CPI m/m
  • 5:45 a.m. Eurozone - Italian 10-y Bond Auction
  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 2:00 a.m. Eurozone - German Retail Sales m/m
  • 3:15 a.m. Eurozone - Spanish Manufacturing PMI
  • 3:45 a.m. Eurozone - Italian Manufacturing PMI
  • 3:50 a.m. Eurozone - French Final Manufacturing PMI
  • 3:55 a.m. Eurozone - German Final Manufacturing PMI
  • 4:00 a.m. Eurozone - Final Manufacturing PMI, Italian Monthly Unemployment Rate
  • 5:00 a.m. Eurozone - Unemployment Rate
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 3:00 a.m. Eurozone - Spanish Unemployment Change
  • 5:00 a.m. Eurozone - PPI m/m, Spanish 10-y Bond Auction, French 10-y Bond Auction
  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 2:45 a.m. Eurozone - French Government Budget Balance
  • 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
  • 5:00 a.m. Eurozone - Retail Sales m/m
  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

USD/JPY

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 7:30 p.m. Japan - Unemployment Rate
  • 7:50 p.m. Japan - Preliminary Industrial Production m/m, Retail Sales y/y
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 1:00 a.m. Japan - Housing Starts y/y
  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 7:50 p.m. Japan - Tankan Manufacturing Index, Tankan Non-Manufacturing Index
  • 8:30 p.m. Japan - Final Manufacturing PMI
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 7:50 p.m. Japan - Monetary Base y/y
  • 11:35 p.m. Japan - 10-y Bond Auction

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

GBP/USD

Monday, March 30

  • 4:30 a.m. U.K. - M4 Money Supply m/m, Mortgage Approvals, Net Lending to Individuals m/m
  • 7:01 p.m. U.K. - GfK Consumer Confidence

Tuesday, March 31

  • 2:00 a.m. U.K. - Final GDP q/q, Current Account, Revised Business Investment q/q
  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 7:01 p.m. U.K. - BRC Shop Price Index y/y
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 4:30 a.m. U.K. - Final Manufacturing PMI
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 4:30 a.m. U.K. - Final Services PMI
  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

USD/CAD

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 8:30 a.m. Canada - GDP m/m, IPPI m/m, RMPI m/m
  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:30 a.m. Canada - Manufacturing PMI
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 8:30 a.m. Canada - Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

AUD/USD

Monday, March 30

  • 10:00 a.m. U.S. - Pending Home Sales m/m
  • 8:30 p.m. Australia - Private Sector Credit m/m
  • 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI

Tuesday, March 31

  • 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 5:30 p.m. Australia - AIG Manufacturing Index
  • 8:30 p.m. Australia - Monetary Policy Meeting Minutes, Building Approvals m/m
  • 9:45 a.m. China - Caixin Manufacturing PMI

Wednesday, April 1

  • 1:30 a.m. Australia - Commodity Prices y/y
  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. - Final Manufacturing PMI
  • 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 10:30 a.m. U.S. - Crude Oil Inventories
  • 7:00 p.m. U.S. - Wards Total Vehicle Sales

Thursday, April 2

  • 7:30 a.m. U.S. - Challenger Job Cuts y/y
  • 8:30 a.m. U.S. - Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. - Factory Orders m/m
  • 5:30 p.m. Australia - AIG Construction Index
  • 8:30 p.m. Australia - Final Retail Sales m/m
  • 9:45 p.m. China - Caixin Services PMI

Friday, April 3

  • 8:30 a.m. U.S. - Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. - Final Services PMI
  • 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Thank you.

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

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