Market News Report: December 30, 2019 – January 3, 2020

December 31, 2019

It was not surprising that the last week was pretty quiet on the financial markets. We saw a positive trading action again as stocks, oil continued their uptrend. Will the coming week bring some interesting news events? Let’s take a look at the details.

The week behind

The financial markets were closed in the middle of last week. And there weren’t any important economic data releases. Hence, it was a very quiet week. However, the markets remained in a risk-on mode as stocks  extended their uptrend again. It’s worth mentioning that Monday’s Canadian GDP announcement led to a short-term downward reversal of the USD/CAD pair.

The week ahead

What about the coming week? Tuesday’s Consumer Confidence will likely be the most important economic data release this week. But we will also await the Chicago PMI on Monday and the ISM Manufacturing PMI, FOMC Meeting Minutes releases on Friday. On Monday evening and then on Wednesday evening we will get some relatively important data releases from China. Will they move markets? There will also be economic data releases from Germany and the U.K. on Thursday. Let’s take a look at key highlights:

  • The markets will await data releases from the U.S. this week:  Chicago PMI, Consumer Confidence, ISM Manufacturing PMI and the FOMC Meeting Minutes.
  • The other important releases will include Thursday’s German Final Manufacturing PMI and U.K.’s Final Manufacturing PMI.
  • There will be some economic releases from China on Monday and Wednesday.
  • 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, December 31

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

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

Crude Oil

Tuesday, December 31

  • 10:00 a.m. U.S. - CB Consumer Confidence
  • 4:30 p.m. U.S. - API Weekly Crude Oil Stock

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 11:00 a.m. U.S. - Crude Oil Inventories
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

Stock Markets

Monday, December 30

  • 9:45 a.m. U.S. - Chicago PMI

Tuesday, December 31

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

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

EUR/USD

Monday, December 30

  • 9:45 a.m. U.S. - Chicago PMI

Tuesday, December 31

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

Thursday, January 2

  • 3:55 a.m. Eurozone - German Final Manufacturing PMI

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

USD/JPY

Tuesday, December 31

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

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

GBP/USD

Thursday, January 2

  • 4:30 a.m. U.K. - Final Manufacturing PMI

Friday, January 3

  • 10:00 a.m. U.S. - ISM Manufacturing PMI
  • 2:00 p.m. U.S. - FOMC Meeting Minutes

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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Paul Rejczak is a stock market strategist, who has been known for quality of his technical and fundamental analysis since the late nineties. He is interested in forecasting market behavior based on both traditional and innovative methods of technical analysis. Paul has made his name by developing mechanical trading systems. Paul is the author of Sunshine Profits’ premium service for stock traders: Stock Trading Alerts.

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