Market News Report: January 20, 2020 – January 24, 2020

Last week has been all about the U.S. - China trade war deal signing. The markets went almost full-on risk-on on that news. But there were more quite interesting developments, i.e. Thursday’s Euro decline. Will the coming week bring some interesting news events? Let’s take a look at the details.

The week behind

Last week’s economic data releases have been dimmed by Wednesday’s U.S. – China trade report deal signing event. It was a risk-on week, as stocks reached new record highs and the price of gold fluctuated following the recent reversal off a new multi-year high. But we’ve also got some better-than-expected U.S. economic data releases: Thursday’s Retail Sales number and Friday’s Housing Starts. And the Euro has been selling off vs. the dollar since Thursday’s ECB Monetary Policy Meeting Accounts release. Last but not least, the British Pound sold off after Friday’s U.K. Retail Sales data release.

Let’s take a look at last Thursday’s EUR/USD currency pair 30-minute chart. The ECB’s Monetary Policy Meeting Accounts release came in at 7:30 a.m. And the market reversed its short-term upward course at the same moment. Since then, it declined by almost a hundred pips:

The week ahead

What about the coming week? The central banks will start releasing their monetary policy statements this week: Japan on Monday, Canada on Wednesday, and the Eurozone on Thursday. And the next week we will have the FOMC release. In addition, the quarterly earnings season is gaining momentum and we will have some pretty important releases in the coming days. Let’s take a look at key highlights:

• Thursday’s European Central Bank’s Main Refinancing Rate, Monetary Policy Statement along with the press conference will probably be the most important economic data releases this week.
• There will also be the Bank of Japan’s Monetary Policy Statement release and the press conference on Monday and Tuesday.
• Forex traders should focus on Wednesday’s important economic data releases from Australia and Canada.
• The quarterly earnings season is gaining speed this week. We will have the releases from Netflix, Intel and American Express, among others.

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

Monday, January 20

• Tentative, Japan - Monetary Policy Statement

Tuesday, January 21

• Tentative, Japan - BOJ Press Conference

Thursday, January 23

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference

Crude Oil

Monday, January 20

• Tentative, Japan - Monetary Policy Statement

Tuesday, January 21

• Tentative, Japan - BOJ Press Conference

Wednesday, January 22

• 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Thursday, January 23

• 11:00 a.m. U.S. - Crude Oil Inventories

StockMarkets

Monday, January 20

• Tentative, Japan - Monetary Policy Statement

Tuesday, January 21

• 5:00 a.m. Eurozone - German ZEW Economic Sentiment
• After Close U.S. - NFLX Quarterly Earnings
• Tentative, Japan - BOJ Press Conference

Thursday, January 23

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference
• After Close U.S. - INTC Quarterly Earnings

Friday, January 24

• 3:15 a.m. Eurozone - French Flash Services PMI
• 3:30 a.m. Eurozone - German Flash Services PMI, German Flash Manufacturing PMI

EUR/USD

Monday, January 20

• Tentative, Japan - Monetary Policy Statement

Tuesday, January 21

• 5:00 a.m. Eurozone - German ZEW Economic Sentiment
• Tentative, Japan - BOJ Press Conference

Thursday, January 23

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference

Friday, January 24

• 3:15 a.m. Eurozone - French Flash Services PMI
• 3:30 a.m. Eurozone - German Flash Services PMI, German Flash Manufacturing PMI
• 4:30 a.m. Eurozone - ECB President Lagarde Speech

USD/JPY

Monday, January 20

• Tentative, Japan - Monetary Policy Statement, BOJ Outlook Report, BOJ Policy Rate

Tuesday, January 21

• Tentative, Japan - BOJ Press Conference

Thursday, January 23

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference

We hope you enjoyed reading the above free analysis, and we encourage you to read today's Market News Report - this analysis' full version. The full Alert includes also the Traders’ Perspective which is very useful for the people who trade within shorter time frames. There's no risk in subscribing right away, because there's a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

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

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Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

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