Important Economic News Calendar: October 21 – October 25, 2019

The markets remained surprisingly calm last week, despite worse than expected U.S. economic data releases. The third-quarter earnings season along with Brexit play may have overweighed the data pessimism.
Paul Rejczak
Calendar

This week, we will have some potentially moving news releases along with more big names corporate earnings. So let’s take a look at those events.

The week behind

The U.S. Retail Sales and the Philly Fed Manufacturing Index were the most important market moving releases last week. They came worse than expected, but investors generally neglected them as only the price of gold and the Euro spiked at the time of Retail Sales number release on Wednesday. Stocks were gaining as the third quarter earnings season accelerated. And we pointed it out in our last week’s news calendar release. The economic data releases from Australia, Canada and the U.K. greatly influenced their exchange rates. Of course, the British Pound was also gaining because of the ongoing Brexit play.

The week ahead

What about the coming week? Thursday’s economic data releases from Eurozone will likely get the most attention as investors will wait for the ECB’s Monetary Policy update. In addition, there will be a lot of sentiment data from Europe and the U.S. that day. And the earnings season will further accelerate this week, as we will see some important releases starting Tuesday.

  • Thursday’s ECB’s Monetary Policy Statement and their Main Refinancing Rate followed by the Press Conference will be the most important news releases this week.
  • The third-quarter earnings season is accelerating! We will see Biogen, P&G, 3M, Twitter, Amazon, Intel, Visa, Verizon releasing this week, among others.
  • On Thursday, we will also await series of sentiment data from Eurozone and the U.S. They will likely affect markets.
  • The other noteworthy releases will include Tuesday’s and Wednesday’s economic data from Australia, Canada and Japan followed by Friday’s German Ifo Business Climate number.

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.

Gold, Silver, and Mining Stocks

Tuesday, October 22

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 10:30 a.m. Canada – BOC Business Outlook Survey

Wednesday, October 23

  • 6:00 p.m. Australia – Flash Manufacturing PMI, Flash Services PMI

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

Crude Oil

Tuesday, October 22

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 4:30 p.m. U.S. – API Weekly Crude Oil Stock

Wednesday, October 23

  • 10:30 a.m. U.S. – Crude Oil Inventories
  • 6:00 p.m. Australia – Flash Manufacturing PMI, Flash Services PMI

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

Stock Markets

Tuesday, October 22

  • Before Open U.S. – BIIB, LMT, MCD, PG, UPS, UTX Quarterly Earnings
  • 10:00 a.m. U.S. – Existing Home Sales, Richmond Manufacturing Index

Wednesday, October 23

  • 10:00 a.m. Eurozone – Consumer Confidence

Thursday, October 24

  • 3:15 a.m. Eurozone – French Flash Manufacturing PMI, French Flash Services PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • Before Open U.S. – CMCSA, DOW, MMM, NOC, RTN, TWTR Quarterly Earnings
  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims
  • 9:00 a.m. China – CB Leading Index m/m
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales
  • After Close U.S. – AMZN, GILD, INTC, V Quarterly Earnings

Friday, October 25

  • 4:00 a.m. Eurozone – German Ifo Business Climate
  • Before Open U.S. – GT, PSX, VZ Quarterly Earnings
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment

EUR/USD

Tuesday, October 22

  • 10:00 a.m. U.S. – Existing Home Sales, Richmond Manufacturing Index

Wednesday, October 23

  • 10:00 a.m. Eurozone – Consumer Confidence

Thursday, October 24

  • 3:00 a.m. Eurozone – Spanish Unemployment Rate
  • 3:15 a.m. Eurozone – French Flash Manufacturing PMI, French Flash Services PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 4:00 a.m. Eurozone – Flash Manufacturing PMI, Flash Services PMI
  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales

Friday, October 25

  • 4:00 a.m. Eurozone – German Ifo Business Climate
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment

USD/JPY

Tuesday, October 22

  • All Day, Japan – Holiday

Wednesday, October 23

  • 8:30 p.m. Japan – Flash Manufacturing PMI

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

GBP/USD

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

USD/CAD

Monday, October 21

  • All Day, Canada – Federal Election

Tuesday, October 22

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 10:30 a.m. Canada – BOC Business Outlook Survey

Wednesday, October 23

  • 8:30 a.m. Canada – Wholesale Sales m/m
  • 10:30 a.m. U.S. – Crude Oil Inventories

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

AUD/USD

Tuesday, October 22

  • 6:20 p.m. Australia – RBA Assistant Governor Kent Speech

Wednesday, October 23

  • 10:30 a.m. U.S. – Crude Oil Inventories
  • 6:00 p.m. Australia – Flash Manufacturing PMI, Flash Services PMI

Thursday, October 24

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

Thank you for staying up-to-date and good luck in all your trades. If you’d like to receive notifications similar to the above on each Monday free of charge, we invite you to sign up for our free mailing list. If you sign up today, you’ll also get 7 days of free access to our premium Trading Alerts for Precious Metals, Crude Oil, and Currencies, as well as our Day Trading Signals. Sign up today.

Thank you.

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


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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