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Brace for a very busy week on the financial markets! The Fed will decide about the U.S. monetary policy and the Bureau of Labor Statistics will release its usually important monthly figures. Will quarterly corporate earnings push stock prices to new record highs? Let's take a look at this week's schedule.
The week behind
In our last week's news calendar we pointed out that Thursday's ECB's Monetary Policy Statement and their Main Refinancing Rate followed by the Press Conference will be the most important news releases for the coming week. And they were indeed: Gold, Silver and Mining Stocks rallied, Euro tumbled following its initial advance. But stock markets were relatively calm. It might have been caused by an ongoing quarterly earnings season. On Thursday we also had a series of sentiment data releases from Europe and the U.S. and the markets were volatile ahead of the mentioned ECB's Statement.
The week ahead
What about the coming week? All eyes will be on the FOMC's Rate Decision release on Wednesday. Then we will get Non-farm Payrolls number on Friday. But there's much more. We will get a lot of important economic data releases this week, along with some big quarterly corporate earnings announcements. Let's take a look at key highlights:
- It will be a very busy week for the financial markets, as the Fed will release its Rate Decision on Wednesday, and on Friday we will get the important monthly jobs data.
- But there will be several other important U.S. data releases: Consumer Confidence on Tuesday, Advance GDP number, ADP Non-Farm Employment Change on Wednesday, Personal Spending, Personal Income, Chicago PMI on Thursday, ISM Manufacturing PMI on Friday.
- Outside the U.S., we will also get very important data: Japan's Monetary Policy Statement, Reserve Bank of Australia Governor Lowe Speech, Bank of Canada Rate Statement, China's Manufacturing PMI on Wednesday, China's Caixin Manufacturing PMI and Eurozone's CPI Flash Estimate on Thursday.
- Last but not least, earnings season will get into full swing this week! GOOG, T on Monday, GM, AMD on Tuesday, GE, FB on Wednesday, BMY, MO on Thursday and BABA, XOM on Friday, 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.
Gold, Silver, and Mining Stocks
Tuesday, October 29
- 2:45 a.m. Australia - RBA Governor Lowe Speech
- 10:00 a.m. U.S. - CB Consumer Confidence
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
Crude Oil
Tuesday, October 29
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 10:30 a.m. U.S. - Crude Oil Inventories
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 8:30 a.m. Canada - GDP m/m, RMPI m/m, IPPI m/m
- 9:45 a.m. U.S. - Chicago PMI
- 8:30 p.m. Australia - PPI q/q
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
Stock Markets
Monday, October 28
- Before Open U.S. - T Quarterly Earnings
- 8:30 a.m. U.S. - Goods Trade Balance, Preliminary Wholesale Inventories m/m
- After Close U.S. - AKAM, GOOG Quarterly Earnings
Tuesday, October 29
- Before Open U.S. - GLW, GM, MA, MRK, PFE Quarterly Earnings
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
- After Close U.S. - AMD, AMGN, EA Quarterly Earnings
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, October 30
- Before Open U.S. - GE, YUM Quarterly Earnings
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 10:30 a.m. U.S. - Crude Oil Inventories
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- After Close U.S. - FB, SBUX Quarterly Earnings
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- Tentative, Japan - BOJ Policy Rate, Monetary Policy Statement, BOJ Outlook Report
- Before Open U.S. - AMT, BMY, CI, EL, KHC, MO Quarterly Earnings
- 7:30 a.m. U.S. - Challenger Job Cuts y/y
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- Before Open U.S. - ABBV, AIG, BABA, CVX, XOM Quarterly Earnings
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
- 1:00 p.m. U.S. - FOMC Member Clarida Speech, FOMC Member Quarles Speech
- 2:30 p.m. U.S. - FOMC Member Williams Speech
EUR/USD
Monday, October 28
- 8:30 a.m. U.S. - Goods Trade Balance, Preliminary Wholesale Inventories m/m
Tuesday, October 29
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
Wednesday, October 30
- 2:30 a.m. Eurozone - French Flash GDP q/q
- 3:45 a.m. Eurozone - French Consumer Spending m/m
- 4:55 a.m. Eurozone - German Unemployment Change
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- 3:00 a.m. Eurozone - German Retail Sales m/m
- 3:45 a.m. Eurozone - French Preliminary CPI m/m
- 4:00 a.m. Eurozone - Spanish Flash GDP q/q
- 5:00 a.m. Eurozone - Italian Monthly Unemployment Rate
- 6:00 a.m. Eurozone - CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, Preliminary Flash GDP q/q, Italian Preliminary CPI m/m
- 7:00 a.m. Eurozone - Italian Prelim GDP q/q
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
- 1:00 p.m. U.S. - FOMC Member Clarida Speech, FOMC Member Quarles Speech
- 2:30 p.m. U.S. - FOMC Member Williams Speech
USD/JPY
Monday, October 28
- 8:30 a.m. U.S. - Goods Trade Balance, Preliminary Wholesale Inventories m/m
- 7:30 p.m. Japan - Tokyo Core CPI y/y
Tuesday, October 29
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
- 7:50 p.m. Japan - Retail Sales y/y
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
- Tentative, Japan - BOJ Policy Rate, Monetary Policy Statement, BOJ Outlook Report
Thursday, October 31
- 1:00 a.m. Japan - Consumer Confidence, Housing Starts y/y
- Tentative, Japan - BOJ Press Conference
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
- 7:30 p.m. Japan - Unemployment Rate
- 8:30 p.m. Japan - Final Manufacturing PMI
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
GBP/USD
Tuesday, October 29
- 3:00 a.m. U.K. - Nationwide HPI m/m
- 5:30 a.m. U.K. - M4 Money Supply m/m, Mortgage Approvals, Net Lending to Individuals m/m
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
Thursday, October 31
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
Friday, November 1
- 5:30 a.m. U.K. - Manufacturing PMI
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
USD/CAD
Tuesday, October 29
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 10:00 a.m. Canada - Overnight Rate, BOC Rate Statement, BOC Monetary Policy Report
- 10:30 a.m. U.S. - Crude Oil Inventories
- 11:15 a.m. Canada - BOC Press Conference
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 8:30 a.m. Canada - GDP m/m, RMPI m/m, IPPI m/m
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:30 a.m. Canada - Manufacturing PMI
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
AUD/USD
Tuesday, October 29
- 2:45 a.m. Australia - RBA Governor Lowe Speech
- 10:00 a.m. U.S. - CB Consumer Confidence, Pending Home Sales m/m
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
- 8:30 p.m. Australia - CPI q/q, Trimmed Mean CPI q/q
Wednesday, October 30
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 8:30 a.m. U.S. - Advance GDP q/q
- 10:30 a.m. U.S. - Crude Oil Inventories
- 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement
- 2:30 p.m. U.S. - FOMC Press Conference
- 8:30 p.m. Australia - Building Approvals m/m, Import Prices q/q, Private Sector Credit m/m
- 9:00 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Thursday, October 31
- 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Unemployment Claims
- 9:45 a.m. U.S. - Chicago PMI
- 5:30 p.m. Australia - AIG Manufacturing Index
- 8:30 p.m. Australia - PPI q/q
- 9:45 p.m. China - Caixin Manufacturing PMI
Friday, November 1
- 1:30 a.m. Australia - Commodity Prices y/y
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
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Thank you.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
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