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The U.S. Consumer Confidence number release caused a lot of confusion for the markets on Tuesday. And it was worth paying attention to our last week's News Calendar. This week, the new quarter begins, and we will have series of important economic data announcements. So let's take a look at these possible market-moving events. Tuesday's U.S. Consumer Confidence number release has probably been last week's biggest market-moving event. Stocks and the Euro sold off, the price of gold got back to $1,500 mark and the oil continued retracing its post- Saudi Arabia drone strike rally. The latter U.S. economic data kept the investors' sentiment low for the rest of the week.
What about the coming week? On Tuesday, the fourth quarter of the year will begin. And we will await Tuesday's Manufacturing PMI and Thursday's Non-Manufacturing PMI releases. But the most important news will be Friday's Non-Farm Payrolls along with the Unemployment Rate announcements. They will be preceded by Wednesday's ADP Non-Farm Employment Change number release.
There will be Bank Holidays in China (Tuesday, Wednesday and Thursday) and in Germany (Thursday) this week. On Tuesday and then on Thursday the important economic data will come from Australia. Monday's British and Tuesday's Canadian GDP releases are also worth mentioning. Last but not least, there will be a speech from the Fed Chair Powell at the end of the trading week.
- Friday's important monthly U.S. jobs data will be preceded by the Manufacturing and Non-Manufacturing PMI numbers releases on Tuesday and on Thursday.
- China's and Germany's Bank Holidays may calm down the data-driven markets this week.
- The data releases from Australia, Canada and the U.K. will likely affect their currencies rates.
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 1
- 12:30 a.m. Australia - RBA Rate Statement, Cash Rate
- 8:30 a.m. Canada - GDP m/m
- 10:00 a.m. U.S. - ISM Manufacturing PMI
Wednesday, October 2
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
Thursday, October 3
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
Friday, October 4
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
- 2:00 p.m. U.S. - Fed Chairman Powell Speech
Crude Oil
Tuesday, October 1
- 12:30 a.m. Australia - RBA Rate Statement, Cash Rate
- 8:30 a.m. Canada - GDP m/m
- 10:00 a.m. U.S. - ISM Manufacturing PMI
Wednesday, October 2
- 10:30 a.m. U.S. - Crude Oil Inventories
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
Thursday, October 3
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
Friday, October 4
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
- 2:00 p.m. U.S. - Fed Chairman Powell Speech
Stock Markets
Tuesday, October 1
- 9:45 a.m. U.S. - Final Manufacturing PMI
- 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m
Wednesday, October 2
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
- 10:30 a.m. U.S. - Crude Oil Inventories
Thursday, October 3
- 8:30 a.m. U.S. - Unemployment Claims
- 9:45 a.m. U.S. - Final Services PMI
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
Friday, October 4
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
- 2:00 p.m. U.S. - Fed Chairman Powell Speech
EUR/USD
Tuesday, October 1
- 10:00 a.m. U.S. - ISM Manufacturing PMI
Wednesday, October 2
- 8:15 a.m. U.S. - ADP Non-Farm Employment Change
Thursday, October 3
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
Friday, October 4
- 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate
- 2:00 p.m. U.S. - Fed Chairman Powell Speech
USD/JPY
Wednesday, October 2
- 1:00 a.m. Japan - Consumer Confidence
GBP/USD
Monday, September 30
- 4:30 a.m. U.K. - Current Account, Final GDP q/q
Thursday, October 3
- 4:30 a.m. U.K. - Services PMI
USD/CAD
Tuesday, October 1
- 8:30 a.m. Canada - GDP m/m
Friday, October 4
- 8:30 a.m. Canada - Trade Balance
AUD/USD
Monday, September 30
- 9:30 p.m. Australia - Building Approvals m/m
Tuesday, October 1
- 12:30 a.m. Australia - RBA Rate Statement, Cash Rate
- 5:20 a.m. Australia - RBA Governor Lowe Speech
Thursday, October 3
- 9:30 p.m. Australia - Retail Sales m/m, RBA Financial Stability Review
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 chart, 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
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