This week the markets will await another Fed Chair Powell speech along with series of important economic data releases.
We’ve got another series of bad economic data releases last week following global economic lockdown. But will we get a meaningful downward correction after over-month-long rallying in stocks? This week the markets will await another Fed Chair Powell speech along with series of important economic data releases.
The recent economic data releases have confirmed coronavirus impact on global economies. Last week, we’ve got negative (deflationary) U.S. inflation numbers and Friday’s worse-than-expected Retail Sales data. However, the economic data releases seem to be priced in by the markets.
What about the coming week? Tuesday’s Fed Chair Powell’s Testimony will be closely watched by global financial markets. Next we will get the FOMC Meeting Minutes on Wednesday and the U.S. PMI numbers on Thursday. We will also get series of important economic data releases from the Eurozone, U.K. and Australia this week. Let’s take a look at key highlights:
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.
Gold, Silver, and Mining Stocks
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
Tuesday, May 19
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Gold, Silver, and Mining Stocks
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
EUR/USD
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
USD/JPY
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
GBP/USD
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
USD/CAD
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Friday, May 22
AUD/USD
Monday, May 18
Tuesday, May 19
Wednesday, May 20
Thursday, May 21
Summing up, the financial markets will likely continue to react to news about globally spreading coronavirus in the near future. However, if you’re an investor and not a trader, you should pay extra attention to Tuesday’s Fed Chair Powell Testimony. In addition, there will be Central Bank Governors’ speeches from Australia and the U.K this week.
Today’s Market News Report is the last in its current form. We are going to include the economic news report within our free Daily Gold News article.
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Thank you.
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.
Stock market strategist, who has been known for the quality of his technical and fundamental analysis since the late nineties.