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FEAR NOT Brave Investors
 

Contagion Fear
 

Strange times But remember The Joker once served as the Iranian ambassador for the United Nations.

Coronavirus, SOTU and Jobs

The Week That Was:

Some would argue logic caught a bid this past week and some risk was taken off the table off last week's record highs. The unravelling pandemic in China of Coronavirus saw the Dow Jones Industrial Average have its worst day since August on Friday, falling 2.1%, and the other two major indexes were down over 1.5%. The virus has seen over 30 million Chinese locked in and spread to over 20,000 people across the globe. We also had Brexit finally happen on January 31 with the UK leaving the EU.

Meanwhile the POTUS impeachment continues to divide America with it's blatant partinship. In politics Joe Rogan saying he met Bernie Sanders sent the extreme left off, which created confusion with pundits given Rogan has the most popular podcast in the US and is a person of influence.

The virus incubates for around 2 weeks so how many  carriers is an exponential number. Patient zero was from Wuhan, a city of over 11 million.. Earnings continued with mixed results, in a manic mode EPS are largely ignored it seems. Amazon soared back over a Trillion and the Tesla shoertsqueeze ignored the virus sending the stock over $650, up an astonishing 100% in around 4 months, most of that in two huge shoert squeezes. Tesla exemplifies the market in 2020, money gflow, fear and greed.

Whether the Phase One China trade relationship is merely hot air or not it is now on the back burner, particularly with Coronavirus. Next up is U.S. trade relations with Europe. Back in the Middle East expect more noise out of Libya, Iraq and Iran, this war is not over, just back to the proxies and propaganda phase. Rationality left the building a long time ago.

Wall Street has embraced the mantra 'Greed is Good" more than any before.

Politically this week we have the Senate vote on impeachment , the day after SOTU.  Stay alert to the political and geopolitical shifts with the world in flux. Government policies related to the environment, trade and tech sit high on the watch list.  Political and economic agendas that Influence policy-making is top of the list. For the US it is not just external threats, including increased political tensions between countries but also internal threats highlighted by the partisan impeachment devide. 

Politics influence all, directly or indirectly.  The trade war and trade relationships have the potential to impact growth strategies with unexpected consequences with this markets also be vulnerable. There is little doubt political uncertainty has become more widespread. With regard to the trade deal It is all dependant on so many factors, clearly the dealing isn't complete. In a  fully fledged stock mania, nothing matters until it does. That is the feral nature of greed. Is Coronavirus that dreaded black swan?

Behind it all is world wide low interest rates and QE pump priming by the world's major central banks,  the Federal Reserve, Swiss National Bank and ECB all preached more of the same.

Despite the volatility and pandemic, the put call ratio, Vix and talking heads underscore there is no fear out there. What happens if music for pass the parcel stops playing? What if on China and the U.S. the market calls their bluff?. There is a reason why so many experienced fund managers are closing up shop.

Meanwhile tje Fed is committed to about 50 Billion a day in repo, funds  into the system to maintain liquidity, in its not QE4 repo program.The consumer has been keeping the economy robust.

Poltically we have the growing antagonistic and partisan split of the impeachment of the POTUS, in the UK and Europe we have the daily Brexit news cycle. Happy New Year!

Prime Minister Boris Johnson  fulfilled his pledge to "get Brexit done" by Jan. 31..

Given the history, markets seem overly optimistic about trade, some would say negligently. The market wants to believe the trade war is constructive, we have warned for over a year about the nonsense of the trade war nearing an end BUT economics not being the market. The market has become nothing more than a casino. Very simply you have two different cultures two different political systems and shaming doesn't do well in either. Read the recent reports with open eyes.

This is a market full of players that think its different this time, sure its different negative rates all around, trillions of worthless debt, unstable politics and Central Bankers putting their thumb in their mouths and seeing which way the wind blows. The fear of missing out and blind partisan politcs creates intertesting bed fellows. Be alert and put your ear plugs in and watch the whole spectrum its all related, geopolitical, debt markets, commodities, stocks, herds, greed and entitlement,

The spectre of Deutschbank overhangs Europe as does the new British PM, Boris Johnson. Their are other spectres out their we just don't know it, or want to.

"Negative yields on long-dated government securities are more reflective of distorted market conditions than of stronger sovereign credit profiles, Fitch Ratings says. Lower interest service costs support sovereign creditworthiness, but this must be weighed against the impact of the economic conditions leading to lower yields and historically high government debt levels in a number of countries.- Fitch"

We remind you to stay on your toes, ad nauseum we repeat; In this surreal world that market prices can only go up, with bizzare acceptance that we can't go down and you are a fool if you think otherwise. In saying that the old saying, the trend is your friend rings true.

Akio Morita mistakes

The Week Ahead

This week we could see more volatility with  SOTU,. POTUS impeachment senate vote, the engulfing uncertainty of the Corona Virus and unrest in Libya and Iraq and the US jobs report.. Stocks are still not far off all time highs and geopolitical risk on high alert with President Trump under pressure at home and abroad. There are a few American economic reports. The biggest risk alert is valuation, the stock market’s record highs and price earnings ratio of more than 18.5.

We start off with

The U.S. politically remains combustible, led by Democrat impeachment, Turkey, Iran and Saudi moves, trade wars and repo rates.

Watch for the MBA mortgage report also it has had huge swings each week and is key to the economy and homebuilders. In the U.S. investors will be watching data that can help us gauge trade war fallout.

U.S. goods are more expensive due to a stronger dollar boosted by geopolitical woes and negative interest rates in Europe. The dollar index hit a 29-month high on Sept. 3. Investors are also transfixed by oil prices in reaction to the Saudi attack and recovery and military respsonses.

  • Monday 
    The Iowa caucuses and a potential victory by Sen. Bernie Sanders could undermine the stockmarket.
  • Tuesday
    US API Crude Oil Inventorie, SOTU
  • Wednesday:
    US MBA Mortgage Applications,  EIA Crude Oil Inventories US Senate impeachment Vote
  • Thursday US Initial Jobless Claims, EIA Natural Gas Storage
  • Friday US Jobs Report, Baker Hughes Oil Rig Count, CFTC Speculative net positions

For emerging markets the high US dollar means the Fragile 5 continue to shake. Argentina and Turkey are red letter risks. Voters will also be going to the polls in Poland, Indonesia, the Philippines and Thailand this year.

Over $4 trillion of EM debt matures by the end of 2020, of which around a third is denominated in foreign currency, according to the Institute of International Finance. Nevertheless Banks are telling investors to buy, buy, buy, who is selling you should ask? 

If you wanted to play in the big room at Vegas, you are living it. Understand risk and the madness of crowds for your own sanity and wealth.

Focus on yourself and what YOU CAN INFLUENCE, set your trading plan and goals in be set for 2019. One suspects it will be a year long Groundhog day for Trump, the GOP and the Democrats. We still have trade wars.

Earnings Last week we heard from D.R. Horton, United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks, Boeing, General Electric, Facebook, Microsoft, Coca-Cola, Verizon, Amazon, Western Digita, lExxon Mobil, Chevron

We start off on Monday with: Check Point, Alphabet earnings

Tuesday Earnings Include: BP, Sony, Gilead, Clorox, Ford, Klac-Tencor, Chipolte, Royal Caribbean, Disney

Wednesday Earnings Include: earnings; AGCO, Merck Cognizant Tech, Paycom Software, Novo-Nordisk, Glaxosmithkline, Qualcomm, Boston Scientific, Suncor, General Motors, Metlife, Humana, Spotify, Twilio, Yum China and GrubHub.

Thursday Earnings Include: Bristol-Myers Squibb Estee Lauder Snap-on, Columbia Sportswear, Total, Uber, Yum, Fiat Chrysler, Baidu, Twitter

Friday Earnings Include:
Abbvie, Canada Goose

-comment section below data-

Geopolitical Tinderbox Radar

Trade Imbalances IMF

Italy CDS
Turkey Geopolitical

Last Week's Big Stories

The Week That Was - Last Weeks Recap

  • Into The Vortex - EIA Reports -201 Bcf Draw in Natural Gas Storage
  • US Q4 GDP 2.1% vs +2.0% Expected on Exports and Home Investment Boost
  • Federal Reserve Keep Rates Steady as Expected, Repos Through April
  • Crude and Gasoline Inventories Continue To Build With Record Production
  • Coronavirus Highest Risk International Cities Bangkok, Hong Kong and Taipei
  • New Zealand Calls September 19, 2020 General Election
  • Assets Currently at Very Elevated Levels says ECB Mersch

Earnings

  • Chevron Earnings Hit By Lower Crude Oil and Natural Gas Prices
  • ExxonMobil Earnings Hurt by Lower Oil Prices and Chemical Division
  • Electronic Arts Earnings Beat But Lowers Gaming Revenue Guidance
  • Amazon Surged Above $1 Trillion in Market Capitalization After Monster Earnings
  • General Electric Shares Continue To Rise After Stronger Earnings Than Expected
  • AMD Micro Wobbles On Earnings After Misses Revenue Forecast
  • Apple Earnings and Margins Beat as iPhone, Airpods and Watch Revenue Soars
  • Intel Stock Soars Past Dot Com Bubble Highs After Earnings

 

Stock Markets

Biggest Stock Winners and Losers Last Week*

US Top SPX Stocks W 1 31 2020

 Which Stocks Moved US ETF's Last Week

 US Top 5 ETF Stocks W 1 31 2020

US Stock Indices Performance

 US Major Indices W 1 31 2020

S&P 500

The #SPX wave 5 extension saw meaningful impulse down which closed under the tenkan after the post Iran hit thrust to new highs in a manic wave 5 or 3 of some degree. All hallmarks of a mania, +5/8 Daily MM over the chikou in 5 violent waves. The question is this a wave 5 and of what degree?  Best alternatives  (v) of wave V or wave iii higher, Speed and channel lines in tune with algo calibration curve. Note Chikou rebalance in order.

SPX D 1 31 2020 

This week we saw the first impulse down since impulse up off the weekly tenkan the weekly SPX closed over the top channel tor new all time highs well ahead of the Chikou, Below we have Kijun and tenkan. Below channel, watch if a spit or clear break support is 50 wma as chikou rebalances

SPX W 1 31 2020
 

Semiconductors ETF - SMH


 SMH W 1 31 2020

Apple $AAPL

(Another ATH Leading underlying strength of US Indices)

AAPL W 1 31 2020
 

Amazon $AMZN

AMZN W 1 31 2020
 

CBOE VIX INDEX

Data via Ole S Hansen @Ole_S_Hansen

VIX caution: Not only did the net-short hit a record but so did the percentage of total open interest which reached 50%. History tells us that positions this elevated could leave the short side very vulnerable to a sudden change in direction $SPX $SVXY $XIV

Image

Speculators increased their VIX futures net-short by 17k lots to a RECORD 188k lots in the wk to Oct. 29. During the past month the #SPX rally has helped widen the contango thereby fueling short-selling strategies though futures and inverse ETFs $SVXY and $XIV.

 Image

Fixed Interest

10 Year Treasury Note

TNX W 1 31 2020
 

Energy and Commodities

US Crude Oil (WTI)

WTI has retraced the Iran move up and more.  Math and crowd behavior tell the story right to the +2/8 and collapsed back to the break up aand now through the channel, accelrating when Tenkan and 50 dma crosseed. . From here question is was the higher C complete? Resistane tenkan, Kijun and 50 dma zone over the cloud. Rebalancing Chikou and MM 8/8 gave us overbought caution but we had the manic thrust.   The impulse meant a C or (Y) complete. Support is MM, Previous Lows and extensions.
WTI D 1 31 2020


WTI rally has given it all up to close right on the weekly uptrend the sharp impulse higher and reversal through 50 WMA and the cloud top key resistance is Kijun and 50wma confluence (green) which all failed aftet the violent spike up. Support channel and fib conflageration with MM 1.8
 WTI W 1 31 2020

 US Natural Gas (Henry Hub)

Natural Gas continues to test the bottom trend line - but span out and could be a massive bull flag. how could this be possible? Meanwhile drifts from failed tenkan nside the babson lines and median channel   Recall it was rejected at the weekly tenkan last bounce, downside accelerated throuh October break up . Resistance from cloud down from impulse. Correcting the Murrey Math 1/8 and Wave iii or Alt C high. Support on downtrend line under 1.80 - not pretty


NG D 1 31 2020 

Natty nothing new. just more failure  - failed to get over old trendline break from impulse down after Natural Gas rally rejected at the 61.8% and the March highs with the tenkan and Kijun,   We got the Kijun/Tenkan cross after retesting the weekly channel break and the kiss of death.here we are at top of band a break opens up lower band. But take a peak at the daily flag possibilities if breaks tenkan.


NG W 1 31 2020
 

Baltic Dry Index (BDI)

BDI W 1 31 2020

 

Precious Metals

Gold

Gold is back testing the previous wave 3 after it finally cracked the Tenkan after correcting in 3 waves from 1556 to Murrey Math +3/8. Support is Kijun while market decides.  From there a C or 3?  Watch Fibs and chikou. Watching for corrective 2 waves to tell us what this move is.

Gold W 1 31 2020
 

Silver

Silver diverged further from gold not breaking the previous iii or C as Gold did.  Since we have continued a reversal harder , a  much more violent impulse than gold after correcting the 3 or C. Key is the 50% after it rallied in 3 waves to retest the September 2017 breakdown  here is also a chance this is an X. We watch recent lows if this a 4 down or C complete

Silver W 1 31 2020
 

 

Currency Markets

Australian Dollar - AUDUSD

The Aussie dollar is floundering around the tenkan after reversed hard after breaching the cloud and tested the 50 wma and around Kijun now support. Fell after the move to MM +1/8 first target.

AUD W 1 31 2020

 New Zealand Dollar - NZDUSD

The Kiwi spent the week retesting the breakup after the bounce faltered much like the AUD and came back through the cloud.  We are watching as Tenkan and Kijun trying to cross back through which could bring the 'kiss of death'. The Chikou needs to rebalance.
 NZD W 1 31 2020

Canadian Dollar - USDCAD

The USDCAD back retesting old channel after was rejected hard at the 50wma and cloud, closing the week under old channel, tenkan and Kijun Resistance top of cloud and 50 wma. The tenkan remains the pivot aspect.

CAD W 1 31 2020
Euro - EURUSD

Euro tested top of channel after held tenkan with Kijun closing through it - watch for impulse down if starts to break wedge,  Again governed by $EURGBP and #Bund volatility. Support pennant break. Unless this is a spit the potential of the measured move comes in around 1.0630 and lower. EUR remains a battle between EURJPY and EURCHF.

EUR W 1 31 2020

 EuroPound - EURGBP

EURGBP back testing tenkan after bounce, weekly cloud is well above and resistance is the May breakup reflecting Brexit politics. Resistance at kijun withr Tenkan support and Nov 2017 lows

EURGBP W 1 30 2020
 Japanese Yen - USDJPY

Classic failure at USDJPY after weeks over the weekly Kijun and closed at 50 wma and the cloud twist but couldnt get legs up. It was drawn by 38% and Murrey 6/8.  It broke out of Wedge as Kijun stayed flat. Yen buying on crosses, EURJPY and AUDJPY taking away the cloud twist that drew the dollar up.

JPY W 1 31 2020

 Mexican Peso USDMXN

Found support at last Gann octave as Mexican peso gave up some of recent gains after it held the cloud. Flat Kijun and Tenkan pulling after the USMC trade deal. Watch if a fractal spit on recent highs.

MXN W 1 31 2020
 

Turkish Lire USDTRY

USDTRY impulse higher continued after found support at daily Kijun and Tenkan to get back above cloud  Impulse is needed to pull away from here. Support is the previous break up and tenkan and Kijun. Keep an eye on geopolitical risk factors.

TRY W 1 31 2020
 

Bitcoin

Nothing new for Bitcoin, more of the same as it continues to falter after 61.8% spit. Well under the tenkan and kijun. Needs to test downtrend for higher correction. Use your MM rules as algos control the herd here, support is the cloud - we said be wary of sharp ABC, 1-2 moves.

BTC W 1 31 2020
 

The Week Ahead

Key US Economic and Central Bank Events This Week

Sunday, February 2, 2020

  • 16:30 AUD AIG Manufacturing Index (Jan)
  • 19:00 AUD MI Inflation Gauge (MoM)
  • 19:30 KRW Nikkei Manufacturing PMI (Jan)
  • 19:30 AUD ANZ Job Advertisements (MoM)
  • 19:30 AUD Building Approvals (MoM) (Dec)
  • 19:30 AUD Private House Approvals (Dec)
  • 19:30 JPY Manufacturing PMI (Jan)
  • 20:30 CNY Chinese Industrial profit (YoY) (Dec)
  • 20:45 CNY Caixin Manufacturing PMI (Jan)

Monday, February 3, 2020

  • 00:30 AUD Commodity Prices (YoY)
  • 03:15 EUR Spanish Manufacturing PMI (Jan)
  • 03:15 EUR ECB's De Guindos Speaks
  • 03:30 CHF procure.ch PMI (Jan)
  • 03:45 EUR Italian Manufacturing PMI (Jan)
  • 03:50 EUR French Manufacturing PMI (Jan)
  • 03:55 EUR German Manufacturing PMI (Jan)
  • 04:00 EUR Manufacturing PMI (Jan)
  • 04:30 GBP Manufacturing PMI (Jan)
  • 08:00 SGD Manufacturing PMI (Jan)
  • 09:30 CAD RBC Manufacturing PMI (Jan)
  • 09:45 USD Manufacturing PMI (Jan)
  • 10:00 USD Construction Spending (MoM) (Dec)
  • 10:00 USD ISM Manufacturing Employment (Jan)
  • 10:00 USD ISM Manufacturing New Orders Index (Jan)
  • 10:00 USD ISM Manufacturing PMI (Jan)
  • 10:00 USD ISM Manufacturing Prices (Jan)
  • 11:30 USD 3-Month Bill Auction
  • 11:30 USD 6-Month Bill Auction
  • 13:00 EUR ECB President Lagarde Speaks
  • 13:15 EUR German Buba President Weidmann Speaks
  • 14:00 USD Loan Officer Survey
  • 16:45 NZD Building Consents (MoM) (Dec)
  • 18:00 USD Total Vehicle Sales
  • 18:00 KRW CPI (MoM) (Jan)
  • 18:50 JPY Monetary Base (YoY)
  • 19:00 AUD HIA New Home Sales (MoM)
  • 22:30 AUD RBA Interest Rate Decision (Feb)
  • 22:30 AUD RBA Rate Statement
  • 22:35 JPY 10-Year JGB Auction

Tuesday, February 4, 2020

  • 02:45 EUR French Government Budget Balance (Dec)
  • 03:00 EUR Spanish Unemployment Change
  • 03:30 HKD Retail Sales (YoY) (Dec)
  • 04:30 GBP Construction PMI (Jan)
  • 05:00 EUR Italian CPI (MoM) (Jan)
  • 05:00 EUR Italian HICP (MoM) (Jan
  • ) 05:00 EUR PPI (MoM) (Dec)
  • 08:55 USD Redbook (MoM)
  • 09:45 USD ISM NY Business Conditions (Jan)
  • 09:45 USD ISM-New York Index (Jan)
  • 10:00 USD Durables Excluding Defense (MoM) (Dec)
  • 10:00 USD Factory Orders (MoM) (Dec)
  • 10:00 USD IBD/TIPP Economic Optimism
  • 10:20 NZD GlobalDairyTrade Price Index
  • 16:30 USD API Weekly Crude Oil Stock
  • 16:30 AUD AIG Construction Index (Jan)
  • 16:30 AUD AIG Services Index (Jan)
  • 16:45 NZD Employment Change (QoQ) (Q4)
  • 16:45 NZD Labor Cost Index (QoQ) (Q4)
  • 16:45 NZD Unemployment Rate (Q4)
  • 17:00 AUD Services PMI
  • 19:00 AUD HIA New Home Sales (MoM)
  • 19:00 NZD ANZ Commodity Price Index (MoM)
  • 19:30 AUD RBA Chart Pack Release
  • 19:30 JPY Services PMI (Jan)
  • 19:30 HKD Manufacturing PMI (Jan)
  • 20:30 AUD RBA Governor Lowe Speaks
  • 20:45 CNY Caixin Services PMI (Jan)
  • 20:45 CNY Chinese Composite PMI

Wednesday, February 5, 2020

  • 01:45 CHF SECO Consumer Climate (Q1)
  • 02:15 ZAR South Africa Standard Bank PMI (Jan)
  • 03:10 EUR ECB's De Guindos Speaks
  • 03:15 EUR Spanish Services PMI (Jan)
  • 03:45 EUR Italian Composite PMI (Jan)
  • 03:45 EUR Italian Services PMI (Jan)
  • 03:50 EUR French Markit Composite PMI (Jan) 0
  • 3:50 EUR French Services PMI (Jan)
  • 03:55 EUR German Composite PMI (Jan)
  • 03:55 EUR German Services PMI (Jan)
  • 04:00 EUR Markit Composite PMI (Jan)
  • 04:00 EUR Services PMI (Jan)
  • 04:30 GBP Composite PMI (Jan)
  • 04:30 GBP Services PMI (Jan)
  • 05:00 EUR Retail Sales (MoM) (Dec)
  • 06:30 EUR Spanish Consumer Confidence
  • 07:00 USD MBA 30-Year Mortgage Rate
  • 07:00 USD MBA Mortgage Applications (WoW)
  • 07:00 USD MBA Purchase Index
  • 07:00 USD Mortgage Market Index
  • 07:00 USD Mortgage Refinance Index
  • 07:15 EUR ECB President Lagarde Speaks
  • 08:15 USD ADP Nonfarm Employment Change (Jan)
  • 08:30 USD Trade Balance (Dec)
  • 08:30 CAD Trade Balance (Dec)
  • 09:45 USD Markit Composite PMI (Jan)
  • 09:45 USD Services PMI (Jan)
  • 10:00 USD ISM Non-Manufacturing PMI (Jan)
  • 10:30 USD Crude Oil Inventories
  • 12:30 CAD BoC Gov Council Member Wilkins Speaks
  • 16:10 USD FOMC Member Brainard Speaks
  • 18:00 KRW Current Account (Dec)
  • 19:30 AUD NAB Quarterly Business Confidence
  • 19:30 AUD Retail Sales (MoM) (Dec)
  • 19:30 AUD Trade Balance (Dec)
  • 20:30 JPY BoJ Board Member Masai Speaks
  • 22:35 JPY 30-Year JGB Auction

Thursday, January 30 2020

  • All Day Holiday China - Spring Festival
  • 02:00 JPY BOJ Deputy Governor Amamiya Speaks
  • 03:00 CHF KOF Leading Indicators (Jan)
  • 03:00 EUR ECB's Enria Speaks
  • 03:30 HKD Trade Balance -32.5B
  • 03:55 EUR German Unemployment (Jan)
  • 04:00 EUR Italian Monthly Unemployment Rate (Dec)
  • 05:00 EUR Business and Consumer Survey (Jan)
  • 05:00 EUR Business Climate (Jan)
  • 05:00 EUR Consumer Confidence (Jan)
  • 05:00 EUR Consumer Inflation Expectation (Jan)
  • 05:00 EUR Services Sentiment (Jan)
  • 05:00 EUR Industrial Sentiment (Jan)
  • 05:00 EUR Unemployment Rate (Dec)
  • 06:30 EUR Spanish Business Confidence
  • 07:00 GBP BoE Interest Rate Decision (Jan)
  • 07:00 GBP BoE MPC Meeting Minutes
  • 07:30 GBP BoE Gov Carney Speaks
  • 08:00 EUR German CPI (MoM) (Jan)
  • 08:30 USD Continuing Jobless Claims
  • 08:30 USD Core PCE Prices (Q4)
  • 08:30 USD GDP (QoQ) (Q4)
  • 08:30 USD Initial Jobless Claims 216K
  • 08:30 USD Jobless Claims 4-Week Avg.
  • 08:30 USD PCE Prices (Q4)
  • 08:30 USD Real Consumer Spending (Q4)
  • 10:30 USD Natural Gas Storage
  • 11:30 USD 4-Week Bill Auction
  • 11:30 USD 8-Week Bill Auction
  • 13:00 EUR German Buba President Weidmann Speaks
  • 18:00 KRW Industrial Production (MoM) (Dec)
  • 18:00 KRW Retail Sales (MoM)
  • 18:00 KRW Service Sector Output (MoM) (Dec)
  • 18:30 JPY Jobs/applications ratio (Dec)
  • 18:30 JPY Tokyo CPI (YoY) (Jan)
  • 18:30 JPY Unemployment Rate (Dec)
  • 18:50 JPY Industrial Production (MoM) (Dec)
  • 18:50 JPY Retail Sales (YoY) (Dec)
  • 19:01 GBP GfK Consumer Confidence (Jan)
  • 19:30 AUD Housing Credit (Dec)
  • 19:30 AUD PPI (QoQ) (Q4)
  • 20:00 CNY Chinese Composite PMI (Jan)
  • 20:00 CNY Manufacturing PMI (Jan)
  • 20:00 CNY Non-Manufacturing PMI (Jan)

Friday, February 7, 2020

  • 00:00 JPY Coincident Indicator (MoM) (Dec)
  • 00:00 JPY Leading Index
  • 01:00 CNY FX Reserves (USD)
  • 02:00 EUR German Current Account Balance n.s.a (Dec)
  • 02:00 EUR German Industrial Production (MoM) (Dec)
  • 02:00 EUR German Trade Balance (Dec)
  • 02:45 EUR French Current Account (Dec)
  • 02:45 EUR French Industrial Production (MoM) (Dec)
  • 02:45 EUR French Non-Farm Payrolls (QoQ) (Q4)
  • 02:45 EUR French Reserve Assets Total (Jan)
  • 02:45 EUR French Trade Balance (Dec)
  • 03:00 EUR Spanish Industrial Production (YoY) (Dec)
  • 03:30 GBP Halifax House Price Index (MoM) (Jan)
  • 03:30 HKD Foreign Reserves (USD) (Jan)
  • 04:00 EUR Italian Retail Sales (MoM) (Dec)
  • 08:30 USD Average Hourly Earnings (YoY) (YoY) (Jan)
  • 08:30 USD Average Hourly Earnings (MoM
  • ) 08:30 USD Average Weekly Hours (Jan)
  • 08:30 USD Nonfarm Payrolls (Jan)
  • 08:30 USD Unemployment Rate (Jan)
  • 08:30 CAD Employment Change
  • 08:30 CAD Full Employment Change (Jan)
  • 08:30 CAD Unemployment Rate (Jan)
  • 10:00 USD Wholesale Inventories (MoM)
  • 10:00 CAD Ivey PMI (Jan)
  • 13:00 USD U.S. Baker Hughes Oil Rig Count
  • 14:30 USD CFTC Speculative net positions
  • 15:00 USD Consumer Credit (Dec) Legendd

Saturday, Feb 1, 2020

  • All Day Holiday China - Spring Festival

Stock Buyback Watch

Via Emad Mnati @EmadMnati and MarketBeat

Stock BuyBAcks 1

Stock BuyBAcks 2

 

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Note these charts, opinons news and estimates and times are subject to change and for indication only. Trade and invest at your own risk.

Trade Smart!

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