Market News Report

April 20, 2020

Last week’s economic data releases have continued revealing coronavirus damage to the economy. Thursday’s weekly Unemployment Claims number has surpassed 5 million, but it was a little lower than expected. However, the markets remained relatively calm last week, as investors continued buying stocks. This week we will get another series of important economic data releases.

The week behind

Last week’s economic data releases didn’t move financial markets much. Stocks have extended their short-term uptrend following hopes of an economic stimulus support. Thursday’s Unemployment Claims number release remained very big, as it surpassed 5 million. However it’s been lower than the week before.

The week ahead

What about the coming week? The financial markets will continue to focus on virus crisis news in the near future. And we will see more evident data showing the pandemic impact on the economy. Investors will wait for Thursday’s Unemployment Claims along with PMI numbers’ releases this week. We will also have economic data releases in the Eurozone – German ZEW, info Business Climate, PMI’s. Monday’s Reserve Bank of Australia’s Monetary Policy Meeting Minutes release will be closely watched by the AUD/USD forex traders.  Let’s take a look at key highlights:

  • On Thursday we will get important economic data from the U.S. - Unemployment Claims, Flash Manufacturing PMI, Flash Services PMI.
  • There will also be important data releases in the Eurozone - German ZEW Economic Sentiment on Tuesday, PMI numbers on Thursday, German ifo Business Climate on Friday.
  • On Monday and Tuesday we will get the important economic data releases from Australia.
  • Oil traders will also wait for Tuesday’s and 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

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI

Crude Oil

Tuesday, April 21

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

Wednesday, April 22

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

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI  

Stock Markets

Tuesday, April 21

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment

Thursday, April 23

  • 8:30 a.m. U.S. - Unemployment Claims
  • 9:45 a.m. U.S. - Flash Manufacturing PMI
  • After Close U.S. - INTC Quarterly Earnings

Friday, April 24

  • Before Open U.S. - AXP Quarterly Earnings

Summing up, the financial markets will likely continue to react to news about globally spreading corona virus in the near future. However, if you’re an investor and not a trader, you should pay extra attention to Monday’s economic data release from Australia. In addition, this week’s U.S. Unemployment Claims and PMI numbers’ releases may show further virus impact on the U.S. economy.

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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