Market Talk

Google Ad

Where have we been and where are we going? Join our weekly market thread on Traders Community...

FEAR NOT Brave Investors


Stimulus
 


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

China, Apple, Stimulus

The Week That Was:

Markets

  • The S&P and the Dow industrial average extended their winning streaks to 6 consecutive days. The Dow had his best week since June 5. The Dow’ has entered a “golden cross,” on Thursday the 50-day moving average broke above its 200-day trend line, which is traditionally a bullish signal, for the first time since March. The S&P index at its best week since July 2. The NASDAQ index streak of 7 consecutive higher closes was broken as it fell close to 1% on the day.
  • Gold settled down 2% at $2,028 per ounce for its first negative day in six, after hitting a new intraday all-time high of $2,089.2. Gold also posted its eight straight week of gains for its longest weekly winning streak since 2006. .
  • Another hige week for Apple, the most valuable company in the world  kept going higher  to touch a new all-time high of $457.65 from last week's earnings and announcing a 4-1 stock split, which gives the company a market capitalization of more than $1.901 trillion. This puts the tech giant ahead of Saudi Aramco, which is valued at $1.759 trillion, according to FactSet.
  •  We are seeing more of the bull mania after the Dow ended the second quarter with a 17.8% gain, the biggest quarterly rally since the first quarter of 1987, when it ripped up 21.6%. The S&P 500 had its biggest one-quarter surge since the fourth quarter of 1998, soaring nearly 20%. The Nasdaq Composite jumped 30.6% for the quarter, its best quarterly performance since 1999.
  • Stock valuations, as measured by forward price-to-earnings ratios are near their highest level since the 2000 dot-com boom.

COVID-19

  • New cases in the U.S. appears to be leveling off at an average of 54,235 new infections a day over the last week, according to Johns Hopkins University data. New cases peaked at 67,902 new cases on July 19, based on a seven-day average, after a resurgence of coronavirus cases in California and Florida in June and July. However, those states have reported far fewer deaths than New york which was the epicenter for Covid19 with over 32,000 deaths.
  • Hopes and fears of reopening can outweigh mixed earnings results. No surprise after increased testing, weeks of protesting, people in large airconditioning indoors we have record daily U.S. cases. The U.S. reported 1000 deaths 4 days in a row with coronavirus cases,
  • There does appear to a concerted effort to put the blame on an economy reopening and miraclously the mass ongoing priotests have nothing to do with that. Take that for what it is worth. There is little mention of the younger age group in the new cases and much lower mortality rate. Fear is the feature. Use commonsense in your own protection, spreading and decision making.

Geopolitics

  • Geopolitical tensions with China and India are on the rise as China increases military hardware near the border. 
  • China ordered the U.S. to close its consulate in Chengdu in response to the U.S. ordering China to close its consulate in Houston
  • China tightened its grip on Hong kong and threats with Taiwan continued.
  • Russia  is showing the affects of low energy prices, filtering into the socio economic dynamic
  • Brexit and the EU is bubbling along.

US Politics

  • US President Trump signed an exective order to boost benefits by $300/week if individual states pay an extra $100/week.Additinally there was an order to defer payroll taxes The move also diminishes the urgency to make a deal.Talks for another Covid-19 relief package stalled on Friday..
  • New round of polls suggest Democrats are well ahead of  Trump in the November Preseidential election. Trump’s polling deficit is larger than any incumbent since George H.W. Bush in 1992.
  • Biden has said he would seek to raise the U.S. corporate tax rate from 21% to 28%, which could potentially eat into profits and weigh on stock prices

Economic highlights

  • The US Labor Department’s July jobs report was better than expected. Nonfarm payrolls rose by 1.763 million for the month, higher than the estimated 1.30 million. The unemployment rate fell to 10.2% from its previous 11.1%, compared to the estimate of 10.6%. Leisure and hospitality led the month in job growth. May and June saw a combined increase of more than 7.5 million, the fastest two-month rise in U.S. history.

Trade Wars

  • US/Sino trade has the wobbles after China ordered the U.S. to close its consulate in Chengdu in response to the U.S. ordering China to close its consulate in Houston
  • Trump did say Phase 2 will be difficult and he sees the visrus more important then trade with China..
  • In addition to rising tensions with China, the United States Trade Representative said last month said that the USTR is considering a new round of tariffs on $3.1 billion in European exports from France, Germany, Spain and the U.K..

Banks

Oil and Gas

Expect the Fed Stability Report warning on what happens if the pandemic worsens to be the go tto by Fed speakers (We are all watching to see if I spike aftet the Floyd protests and riots with no social distancing).

The backdrop is the Covid-19 crisis. Despite that the stockmarket is up over 40% from lows and stubborn bears and bulls alike are frustrated based on cognitive biases.

We continually focus on overcoming our biases and as the accompanying chart highlights stocks and the economy are NOT the same thing despite what we are told by our influencers and biased or selective recalls.

 

On the Risk Radar

Fed Warnings on Possible Medium To Long Term Risks

Fed Financial Stability Report Risks May 2020

In todays sound bite, partisan world achieving full self-awareness has many roadblocks. Constantly we are faced by new biases from everything from the economy, geopolitics and the pandemic. We are trading in a fluid, constantly evolving world. Understand and admit you have biases is step one, with that be aware of mental obstacles that can be triggered. Remember we can't fix what we don’t know. We aren't all doctors when it comes to cures, sources and pandemics for one. We know we are living in a brutally divided political world and the upcoming presidential election will trigger biases. For your investing (and mental health) maintaining an open mindset, diversify your influener and media sources so you can not get caught with bias inertia or blindness.

Job Losses

The reality is we are experiencing unprecedented levels of unemployment claims. We continue to add over 1.2 million new jobless claims each week after the US Labor Department reported the jobless claims of over 47 million in just eleven weeks as the Coronavirus hits the economy. This sends the unemployment rate soaring to near 15%.

Yield Curve

The Fed QE infinity programme is a yield curve control policy with long government bond yields coming down. Bond supply and continued central bank resistance to more negative policy rates limits the move. Central banks have been cutting rates and adding liquidity to avoid systematic failure. Where to from here? 

November US Election

The upcoming presidential election is another risk with RealClearPolitics having President Donald Trump trailing former Vice President Joseph Biden by 8.1 points in the latest average of polls. A potential for a resurgence in Covid cases will see Trump not benefiting from an economic recovery, and as a result, that gives Biden a better chance of being elected. Biden is representative of uncertainty. Trump is likely to be pushed by Powell for more stimulus and Trump is likely to move on this with the threat of more economic damage.

Geopolitics

Geopolitically the US-Sino rhetoric is heating up and spilling over into Hong Kong and beyond. We expect continued volatility with the engulfing uncertainty of the Coronavirus and in commodity markets, particularly in oil and other commodities, not to mention unrest in Iran, Libya and Iraq. 

Fat Tail Virus Risk

Historically bear market rallies are fast and furious, and we are at the beginning of an economic recession (depression). In 2008 we had a 20% and 25% bounce in the S&P 500 during the total 57% top to bottom price fall. For the virus we have the great unknown with medical expertise not at a consensus how the virus destruction and recovery will play out.

Will virus cases level off in late spring and vanish so things can get back to some sort of normality by late summer? Or will there be a second wave of cases during the autumn/winter, forcing new lockdowns or leading to fear and voluntary social distancing (a W-recession scenario). For how long are you immune after having had the virus, a long time or a couple of months? Will there be a vaccine and when?

Our best advice is stay rational and be prepared for many alternatives, either way. With crisis comes opportunity. From a market point of view this is not unprecedented, many other bubbles have popped with similar results. What is unprecedented is the pandemic, the mass media and social media fear mongering, the massive QE and printing and the strange era of entitlement and no responsibilty fed down from politicians to the youth of today for electoral purproses. Put all that together and we see the result.  Again this isn't unprecendented just a different catalyst and fuel. Stay tuned. take a breath and think clearly. Oh and now we have the riots to throw on the kindling ....

 

Remember, nothing is as it seems.

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 virus and psychological affect on domestic and trade relationships have the potential to impact growth strategies with unexpected consequences with this markets are also vulnerable.  In a  fully fledged stock mania, nothing matters until it does. That is the feral nature of greed. Was 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. This has just been ramped up a notch.

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 had been keeping the economy robust. How will they act to alleviate the panic of the market drop, this is essential given the security of the repos they have out.

"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"

Akio Morita mistakes

The Week Ahead - Have a Trading Plan

In the new week we get to see progress in Congress on stimulus spending and rising tensions between the U.S. and China. Inflation data and retail sales will be important in the week ahead and how they are responding to the Covid crisis. For central banks we have a number of Fed talkers after the Federal Reserve kept rates unchanged at their July meeting, kept QE infinity open with TALF for open-ended Treasuries, MBS and corporate bonds in amounts needed. Fed will continue to buy paper at current pace of $120B/month of Treasuries and MBS combined. Compare that to $40B/month in QE3.

We finish up with Friday’s July employment report. The focus before will be on Congress and a new fiscal spending package. What of the $600 a week unemployment supplement that was set to expire July 31. Former vice president Joe Biden is also expected to name his running mate in the coming week.

The jobs data is pertinent with the number of people filing for unemployment benefits edging higher, instead of falling back. According to Refinitiv, about 1.36 million new jobs are expected, well below the 4.8 million added in June, and the unemployment rate is expected to fall to 10.7% from 11.1%. Weekly jobless claims will be important Thursday to see if there’s a drop in continuing clams, after June’s employment report 

The latest Covid worries worry any rebound in the U.S. economy.  Improvements in some economic indicators, such as home sales, manufacturing activity and another larger than expected bounce in employment data last month, have bolstered investor confidence and helped extend the rally in stocks. Support in markets comes from the Fed’s balance sheet which has ballooned to $7.2 trillion, and last Wednesday the central bank committed to monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities.

Will the markets remain fixated on the COVID-19 news such as the infections count update, vacinations and the like?

 There is some important data in the week ahead,

  • Monday: JOLTS, Chicago Fed President Charles Evans
  • Tuesday: NFIB survey, PPI, API Oil Inventories
  • Wednesday: US Mortgage Applications, CPI, Boston Fed President Eric Rosengren, EIA Crude Oil Invemtories, Dallas Fed President Robert Kaplan, Federal budget
  • Thursday: US Weekly jobless claims,Import prices, EIA Natural Gas Storage
  • Friday: Retail sales Productivity and costs Industrial production Consumer sentiment Business inventories Baker Hughes Oil Rig Count and CFTC Speculative net positions

For emerging markets the lower US dollar is helping the Fragile 5 . Argentina and Turkey are still red letter risks with Covid however. Voters will also be going to the polls in 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 

Earnings for the S&P 500 companies are expected to decline by 40.3% for the second quarter, based on the results of companies that have already reported and estimates, according to Refinifiv’s I/B/E/S. Technology earnings are expected to have one of the smallest profit declines, at just 4.4% on average

Given that is a known investors (and algos) will focus pn the conference calls and outlooks.  Everyone is expecting the worse. We will see critical updates on production in coronavirus impacted regions and if there is extended halting of operations weighing on multi-nationals.

Last week we heard from AIG, Clorox, Cirrus Logic, KLA, Rambus, Virgin Galactica, Take-Two Interactive, Mosaic, Vornado, Eastman Chemical, Leggett and Platt, Hyatt Hotels, McKesson, Tyson Foods, Tenet Healthcare, Ingersoll-Rand, Marathon Petroleum, HSBC, Walt Disney Co, Sony, Bayer, BP, Diageo, KKR, AMC Networks, Exelon, Incyte, Cyberark Software, Allegheny Tech, Vulcan Materials, Activision Blizzard, BioMarin Pharmaceutical, Boingo Wireless, Devon Energy, Ethan Allen, Western Union, Planet Fitness, Monster Beverage, Allstate, Pioneer Natural Resources, Owens-Illinois, Gartner Wayfair, New York Times, Sempra Energy, Square, Zynga, Fitbit, AmerisourceBergen, Capri Holdings, BorgWarner, Regeneron Pharmaceuticals, Humana, Allianz, Cedar Fair, Tanger Factory Outlet, Marathon Oil, Etsy, Olin, Iamgold, Noble Corp, Wendy’s, CF Industries, CenturyLink, Varian Medical, Copa Holdings, American Water Works, Bristol-Myers Squibb, News Corp, ViacomCBS, Cardinal Health, Mylan,Mylan, Booking Holdings, Uber Technologies, First Solar, Zillow, Cushman and Wakefield, Datadog, Dropbox, Murphy Oil, Hilton Worldwide, Papa John’s, Zoetis, Sealed Air, Ball Corp, AXA, ING, Adidas, Siemens, Nintendo, Toyota, Noble Energy, Virtu Financial, Berkshire Hathaway

We start off on Monday with earnings from: Marriott, Simon Property Group, Occidental Petroleum, Liberty Media, Tilray, IAC/InterActive, International Flavors and Fragrances, Canopy Growth, SeaWorld, Barrick Gold, Duke Energy, Royal Caribbean, DoYou

Tuesday Earnings Include: SoftBank, BioNTech, Sysco, Casper Sleep, Canada Goose, Super Micro, Viavi Solutions, Vir Biotechnology

Wednesday Earnings Include:Cisco Systems, Lyft, Brinker International, SmileDirectClub, Fossil, Vroom, Performance Food

Thursday Earnings Include: Tapestry, Applied Materials, Brookfield Asset Management, NetEase, Azek

Friday Earnings Include:

-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

Stocks

 

Stock Markets

US Major Stock Indices


 US Stock Indices Performance

US Indices W 7 31 2020
 

Dow Jones

  • On Friday the Dow rose 46.50 at 27433.48
  • The Dow industrial average extended the up streak to 6 consecutive days.

Nasdaq

  • On Friday: The Nasdaq fell 0.8%, posting its first negative day in eight
  • Nasdaq Composite +22.7% YTD

S&P 500.

  • On Friday the S&P rose 2.12 at 3351.28
  • The S&P closed higher for 6 consecutive days.
  • S&P 500 +3.7% YTD

 Biggest Stock Winners and Losers Last Week*

 Top 5 stocks W 8 7 2020
 

S&P 500 Index via @KnovaWave

The SPX reacted off +2/8 #MurreyMath Daily after 5 waves & quickly came back to retest it. Double top i.e a competitive C or i ? Again it tested and held Tenkan Friday. Alternatives completed C Wave or a Wave 1. Support is Kijun and cloud and Chikou rebalance. Important to note the high was a retest of the initial breakdown .

The break up was from above the 200dma. The balance from sharp reversal after the initial 3 wave down from the SPX wave 5 extension as Covid19 fed impulse accelerated under the tenkan. From there we had seen the ABC or 1-2-3 spinning around the 61.8% of the move. Support began at the October 2019 lows. A manic wave 5 or 3 of some degree was a resolution for the ages. Note the 100% extension from the emotive element and MM levels when the spit kicks in. A manic wave 5 or 3 of some degree was a resolution for the ages.  Note the 100% extension from the emotive element and MM levels when the spit kicks in.

 SPX D 8 7 2020

Weekly #SPX closed at MM +2/8 for 2nd week which is also breakdown retest. Major support is top of channel and Tenkan. Bulls looking for Tenkan to accelerate thru 200wma , bears failure. We look for 3 waves down and MM grid for wave clues. Keep an eye on the putcall ratio with recognition to the sheer size of contracts AND keep in mind the stimulus distortion. The spit per channel fractal and Adams rule launched back over the cloud where we were encased AND we are back testing it. Watch if a spit or clear break support as chickou rebalances

SPX W 8 7 2020
 

Semiconductors ETF - SMH

SMH W 8 7 2020

 Apple $AAPL

( Leading underlying strength of US Indices)
 AAPL W 8 7 2020

 Amazon $AMZN


AMZN W 8 7 2020
 

Fixed Interest

10 Year Treasury Note

TNX W 8 7 2020
 

Energy and Commodities

US Crude Oil (WTI)

In any break key is crowd behavior to help tell the story. We watch ABC corrections from here. he March breakdown, Support Tenkan and Kijun. In any break key is crowd behavior to help tell the story. We watch ABC corrections from here.
WTI D 8 7 2020


WTI after it's huge run continues to rebalance chikou indicative of extreme crowd behavior in a series of fractals. We have completed 5 waves as marked, from here we watch 3 develop to confirm.

These are special times, recall "After we regained the pattern 261.8% from the extreme (-$40) move. The climax of the larger acceleration lower after broke the weekly uptrend, a fractal of the sharp and all the way to all time lows to negative pricing we have seen mirror replications." Support is previous channels, tenkan and Kijun. Above we have 50wma and Murrey Math time and price Above we have 50wma and Murrey Math time and price.

WTI W 8 7 2020
 

US Natural Gas (Henry Hub)

US Natural Gas continues to work the lows that were either (5) or (iii) of (5). After a b or ii down we have bounced over tenkan and Kijun into cloud. Key is that 3 wave low. Above top of cloud. So far consistent failed breaks despite the strength of spitting the previous low and -2/8 with an island reversal to test the Kijun and downtrend line but fell back to Tenkan The big question is was that a completed move down there or a 3? Support at cloud.

 NG D 8 7 2020

Natty continues in large sideways pattern between weekly kijun and tenkan as they suppress. Above Cloud and 50wma. Support is downward channel and previous low. Talking fractals, remember the tenkan/kijun kiss of death brought it down from the $2 range. Much work here churning away.

.NG W 8 7 2020

  Baltic Dry Index (BDI)

BDI W 8 7 2020
 

Precious Metals

Gold

Gold (AUG) fell 0.11% to settle at $1,801.9 but gained 0.66% for the week kGold exudes strength after it back tested the previous wave 3 after finally cracked the Tenkan after correcting in 3 waves from 1556 to Murrey Math +3/8. In sight of the intraday high of $1765.43 reached on May 18. We have overcome the negative divergence between the weekly chikou, Silver spread and the recent highs. Support Tenkan & Kijun. From there does the 5 play out? Watch Fibs and chikou.
 Gold W 8 7 2020

Silver

Silver  did a fractal of the sharp C up to breakdown level above the cloud fed by divergence from gold reverting. no  Silver reverseds with much more violent impulse than gold . Given that we have to repsect this is a iii  but  here is also a chance this is an A

Silver W 8 7 2020
 

Currency Markets

Australian Dollar - AUDUSD

Aussie dollar continues higher after it competed 5 waves in emotive  fashion. with vigor spitting the 100% panic muster. It has closed over the 50 Wma in 5 waves Resistance cloud is a long way off.  Support Tenkan and Kijun. From here we watch for 2 or X

AUD W 8 7 2020

New Zealand Dollar - NZDUSD

The Kiwi mirrored the AUD and has closed over the panic breakdown (0%) correcting all of the panic muster wave. We are now above the Tenkan, which is pivotal. Resistance 50wma

NZD W 8 7 2020

Canadian Dollar - USDCAD

The Loonie continues to correct in ABC after spitting the 261% Fib & Weekly 8/8 after 5 waves lower. We closed at the old 100% 61.8% confluence. Use Fib s for support and resisitance until Tenkan and Kijun catch up, 

CAD W 8 7 2020

 Euro - EURUSD

The Euro tested and held both the channel and cloud spits after so many false breaks to close at its best level since the BRexit spike. We are still in 3 waves so we need to see development for continuation. Resistance is Fibs as marked.  Watch for impulse off Chikou rebalance and Kijun above. Again governed by EURGBP and Bund volatility. 


EUR W 8 7 2020

 EuroPound - EURGBP

Back testing top of outer band and tenkan of Brexit. Johnson price reaction.after its classic ABC out of failure following the X wave. Tenkan will give us a clue if normalcy is returning to the channel trade.

EURGBP W 8 7 2020

 Japanese Yen - USDJPY

Classic channel trade, has been a series of failures and sharp bounces after X led 3 wave panic. Any change will come from the weekly Kijun Tenkan kiss. Use your Murrey 6/8 0/8 grid for now. #EURJPY #AUDJPY will determine risk on/off

JPY W 8 7 2020

 Mexican Peso USDMXN

The Peso has been correcting in ABC since it collapsed and spat 261% right back to the 100% Fib  We have seen violent moves with outisde uncertainty from oil and COVID19. Use the Gann octave and the extension fibs to help measure the noise. 

MXN W 8 7 2020


  Turkish Lire USDTRY

USDTRY after completing the large 5 waves corrected back to the channel acceleration point and finished testing Tenkan. Alternative is we are still in Wave 5 and this is another 1- Kijun support well above cloud  Impulse is needed to pull away from here.  Keep an eye on geopolitical risk factors.

 TRY W 8 7 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 8 7 2020

 

The Week Ahead

Key US Economic and Central Bank Events This Week

Sunday, August 9, 2020

  • 21:00 NZD ANZ Business Confidence (Jul)
  • 21:00 NZD NBNZ Own Activity (Jul)
  • 21:30 CNY CPI (MoM) (Jul)
  • 21:30 CNY CPI (YoY) (Jul)
  • 21:30 CNY PPI (YoY) (Jul)

Monday, August 10, 2020

  • All Day Holiday Singapore - National Day
  • All Day Holiday Japan - Mountain Day
  • All Day Holiday South Africa - Women's Day
  • 01:45 CHF Unemployment Rate n.s.a. (Jul)
  • 04:30 EUR Sentix Investor Confidence (Aug)
  • 09:00 USD CB Employment Trends Index (Jul)
  • 09:00 USD JOLTs Job Openings (Jun)
  • 11:30 USD 3-Month Bill Auction
  • 11:30 USD 6-Month Bill Auction
  • 16:00 USD Chicago Fed President Evans Speaks
  • 18:45 NZD Electronic Card Retail Sales (MoM) (Jul)
  • 19:01 GBP BRC Retail Sales Monitor (YoY) (Jul)
  • 19:50 JPY Adjusted Current Account
  • 19:50 JPY Bank Lending (YoY) (Jul)
  • 20:00 SGD GDP (QoQ) (Q2)
  • 21:30 AUD NAB Business Confidence (Jul)
  • 21:30 AUD NAB Business Survey (Jul)

Tuesday, August 11, 2020

  • 01:00 JPY Economy Watchers Current Index (Jul)
  • 02:00 GBP Employment Change 3M/3M (MoM) (May)
  • 02:00 GBP Unemployment Rate (Jun)
  • 04:31 CNY M2 Money Stock (YoY) (Jul)
  • 04:31 CNY New Loans (Jul)
  • 05:00 EUR German ZEW Current Conditions (Aug)
  • 05:00 EUR German ZEW Economic Sentiment (Aug)
  • 06:00 USD NFIB Small Business Optimism (Jul)
  • 08:00 USD EIA Short-Term Energy Outlook
  • 08:15 CAD Housing Starts (Jul)
  • 08:30 USD Core PPI (MoM) (Jul)
  • 08:30 USD PPI (MoM) (Jul) 08.55 USD Redbook (MoM)
  • 09:00n GBP NIESR GDP Estimate
  • 12:00 USD FOMC Member Daly Speaks
  • 12:00 USD MBA Delinquency Rates (QoQ)
  • 13:00 USD 3-Year Note Auction
  • 13:00 USD 52-Week Bill Auction
  • 16:30 USD API Weekly Crude Oil Stock
  • 18:45 NZD External Migration & Visitors (Jun)
  • 18:45 NZD Permanent/Long-Term Migration (Jun)
  • 18:45 NZD Visitor Arrivals (MoM)
  • 19:00 KRW Unemployment Rate (Jul)
  • 19:50 JPY M2 Money Stock (YoY)
  • 20:30 AUD Westpac Consumer Sentiment (Aug)
  • 21:30 AUD Wage Price Index (QoQ) (Q2)
  • 22:00 NZD RBNZ Interest Rate Decision
  • 22:00 NZD RBNZ Monetary Policy Statement
  • 22:00 NZD RBNZ Rate Statement
  • 23:00 NZD RBNZ Press Conference

Wednesday, August 12, 2020

  • 02:00 GBP Business Investment (QoQ) (Q2)
  • 02:00 GBP Business Investment (YoY) (Q2)
  • 02:00 GBP Construction Output (MoM) (Jun)
  • 02:00 GBP GDP (MoM)
  • 02:00 GBP Index of Services
  • 02:00 GBP Industrial Production (MoM) (Jun)
  • 02:00 GBP Labour Productivity
  • 02:00 GBP Manufacturing Production (MoM) (Jun)
  • 02:00 GBP Monthly GDP 3M/3M Change
  • 02:00 GBP Trade Balance (Jun)
  • 04:00 EUR Italian CPI (MoM) (Jul)
  • 04:00 EUR Italian HICP (MoM) (Jul)
  • 05:00 EUR Industrial Production (MoM) (Jun)
  • 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
  • 07:00 USD OPEC Monthly Report
  • 08:30 USD Core CPI (MoM) (Jul)
  • 08:30 USD CPI (MoM) (Jul)
  • 08:30 USD Real Earnings (MoM) (Jul)
  • 09:00 GBP NIESR GDP Estimate
  • 09:30 USD Seevol Cushing Storage Report
  • 10:00 USD FOMC Member Rosengren Speaks
  • 10:30 USD Crude Oil Inventories
  • 11:00 USD Cleveland CPI (MoM) (Jul)
  • 11:00 USD FOMC Member Kaplan Speaks
  • 12:00 USD MBA Delinquency Rates (QoQ)
  • 12:00 USD WASDE Report
  • 13:01 USD 10-Year Note Auction
  • 14:00 USD Federal Budget Balance (Jul)
  • 15:00 USD FOMC Member Daly Speaks
  • 18:45 NZD FPI (MoM) (Jul)
  • 19:01 GBP RICS House Price Balance (Jul)
  • 19:50 JPY PPI (MoM) (Jul)
  • 21:00 AUD MI Inflation Expectations
  • 21:30 AUD Employment Change (Jul)
  • 21:30 AUD Full Employment Change (Jul)
  • 21:30 AUD Unemployment Rate (Jul)
  • 23:00 KRW M2 Money supply (Jun)

Thursday, August 13, 2020

  • 01:30 EUR French Unemployment Rate (Q2)
  • 02:00 EUR German CPI (MoM) (Jul)
  • 02:00 EUR German HICP (MoM) (Jul)
  • 02:00 EUR German WPI (MoM) (Jul)
  • 03:00 EUR Spanish CPI (MoM) (Jul)
  • 03:00 EUR Spanish HICP (MoM) (Jul)
  • 04:00 USD IEA Monthly Report
  • 04:32 CNY FDI (Jul)
  • 08:00 INR CPI (YoY) (Jul)
  • 08:30 USD Continuing Jobless Claims
  • 08:30 USD Export Price Index (MoM)
  • 08:30 USD Import Price Index (MoM)
  • 08:30 USD Initial Jobless Claims
  • 08:30 USD Jobless Claims 4-Week Avg. 
  • 10:30 USD Natural Gas Storage
  • 11:30 USD 4-Week Bill Auction
  • 11:30 USD 8-Week Bill Auction
  • 12:00 USD MBA Delinquency Rates (QoQ)
  • 13:01 USD 30-Year Bond Auction
  • 17:00 KRW Export Price Index (YoY) (Jul)
  • 17:00 KRW Import Price Index (YoY) (Jul)
  • 18:30 NZD Business NZ PMI (Jul)
  • 19:30 AUD RBA Governor Lowe Speaks
  • 19:50 JPY Foreign Bonds Buying
  • 19:50 JPY Foreign Investments in Japanese Stocks
  • 21:30 CNY House Prices (YoY) (Jul)
  • 22:00 CNY Fixed Asset Investment (YoY) (Jul)
  • 22:00 CNY Industrial Production (YoY) (Jul)
  • 22:00 CNY Chinese Industrial Production YTD (YoY) (Jul)
  • 22:00 CNY Retail Sales (YoY) (Jul)
  • 22:00 CNY Chinese Retail Sales YTD (YoY) (Jul)
  • 22:00 CNY Chinese Unemployment Rate
  • 22:00 CNY NBS Press Conference

Friday, August 14, 2020

  • 00:30 JPY Tertiary Industry Activity Index (MoM)
  • 02:30 CHF PPI (MoM) (Jul)
  • 02:45 EUR French CPI (MoM)
  • 04:30 HKD GDP (QoQ) (Q2)
  • 05:00 EUR Employment Change (QoQ)
  • 05:00 EUR Employment Change (YoY)
  • 05:00 EUR GDP (QoQ) (Q2)
  • 05:00 EUR Trade Balance (Jun)
  • 08:30 USD Nonfarm Productivity (QoQ) (Q2)
  • 08:30 USD Retail Sales (MoM) (Jul)
  • 08:30 USD Unit Labor Costs (QoQ) (Q2)
  • 08:30 CAD Manufacturing Sales (MoM) (Jun)
  • 09:15 USD Capacity Utilization Rate (Jul)
  • 09:15 USD Industrial Production (MoM) (Jul)
  • 09:15 USD Manufacturing Production (MoM) (Jul)
  • 10:00USD Business Inventories (MoM) (Jun) 
  • 10:00 USD Michigan Consumer Sentiment (Aug) 
  • 10:00 USD Retail Inventories Ex Auto (Jun)
  • 13:00 USD U.S. Baker Hughes Oil Rig Count
  • 15:30 USD CFTC speculative net positions

Saturday, August 8, 2020

Subscribe and Follow

Find us at www.traderscommunity.com

  • Follow our contributors on Twitter @traderscom @thepitboss16 @knovawave @ClemsnideClem

----

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!

Log in to comment
Discuss this article in the forums (33 replies).

Google ads