Important Economic News Calendar: November 11 – November 15, 2019
Last week the markets took some breather following the late October - early November huge economic data announcements. The ISM Non-Manufacturing PMI led to some volatility but despite the sell-off in gold it was a relatively quiet week on the financial markets. What about the coming week? Let’s take a look at the details.
The week behind
Last week’s economic news releases haven’t moved the financial markets that much. On Monday we wrote that “the markets will likely take some breather in the coming week following last week’s huge economic data announcements”. And they did. Tuesday’s U.S. ISM Non-Manufacturing PMI number led to some volatility, but it didn’t last long. However, stocks reached new record highs in the second half of the week following quarterly earnings releases. That’s when the price of gold took a deep dive below the $1,500 mark again. And there were some currency fluctuation after the monetary policy releases in Australia and the U.K.
The week ahead
What about the coming week? We will certainly wait for Wednesday’s and Thursday’s Fed Chair Powell testimony. And the second half of the week will bring us the CPI, PPI, Retail Sales data releases. The oil inventories numbers on Wednesday and Thursday may finally push the price of oil out of its short-term consolidation. Let’s take a look at key highlights:
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Fed’s Powell will begin its testimony on the economy before Congress on Wednesday. It will likely be the biggest economic event of the coming week.
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We will get the important Consumer Price Index on Wednesday, Producer Price Index on Thursday and the Retail Sales data on Friday.
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Tuesday’s German ZEW Economic Sentiment number release may set the tone for the EUR/USD trading.
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The oil inventories releases on Wednesday and Thursday may finally push the price of oil out of its over week-long trading range.
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It’s also worth to mention economic data releases from Australia, Japan and the U.K. in the coming week.
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
Monday, November 11
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Canada - Bank Holiday
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All Day, Eurozone - French Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
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7:30 p.m. Australia - Wage Price Index q/q
Wednesday, November 13
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
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5:50 p.m. Australia - RBA Assist Governor Bullock Speech
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7:30 p.m. Australia - Employment Change, Unemployment Rate
Thursday, November 14
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2:00 a.m. Eurozone - German Preliminary GDP q/q
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
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8:30 p.m. Australia - RBA Deputy Governor Debelle Speech
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9:45 p.m. Canada - BOC Governor Poloz Speech
Friday, November 15
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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8:30 a.m. Canada - Governor Council Member Lane Speech, Foreign Securities Purchases
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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12:00 p.m. - German Buba President Weidmann Speech
Crude Oil
Monday, November 11
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Canada - Bank Holiday
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All Day, Eurozone - French Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
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7:30 p.m. Australia - Wage Price Index q/q
Wednesday, November 13
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
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4:30 p.m. U.S. - API Weekly Crude Oil Stock
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5:50 p.m. Australia - RBA Assist Governor Bullock Speech
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7:30 p.m. Australia - Employment Change, Unemployment Rate
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9:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate
Thursday, November 14
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2:00 a.m. Eurozone - German Preliminary GDP q/q
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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11:00 a.m. U.S. - Crude Oil Inventories
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
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8:30 p.m. Australia - RBA Deputy Governor Debelle Speech
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9:45 p.m. Canada - BOC Governor Poloz Speech
Friday, November 15
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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8:30 a.m. Canada - Governor Council Member Lane Speech, Foreign Securities Purchases
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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10:00 a.m. - Business Inventories m/m
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12:00 p.m. - German Buba President Weidmann Speech
Stock Markets
Monday, November 11
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4:00 a.m. Eurozone - Italian Industrial Production m/m
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4:30 a.m. U.K. - Preliminary GDP q/q, Manufacturing Production m/m, Construction Output m/m, Industrial Production m/m, Goods Trade Balance
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Canada - Bank Holiday
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All Day, Eurozone - French Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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4:30 a.m. U.K. - Average Earnings Index 3m/y, Unemployment Rate, Claimant Count Change
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
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6:00 a.m. U.S. - NFIB Small Business Index
Wednesday, November 13
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2:00 a.m. Eurozone - German Final CPI m/m
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4:30 a.m. U.K. – Consumer Price Index y/y, Core CPI y/y, HPI y/y, PPI Input m/m, PPI Output m/m, RPI y/y
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5:00 a.m. Eurozone - Industrial Production m/m
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
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4:30 p.m. U.S. - API Weekly Crude Oil Stock
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6:50 p.m. Japan - Preliminary GDP q/q, Preliminary GDP Price Index y/y
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9:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate
Thursday, November 14
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2:00 a.m. Eurozone - German Preliminary GDP q/q
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2:45 a.m. Eurozone - French Final Consumer Price Index m/m
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4:30 a.m. U.K. - Retail Sales m/m
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5:00 a.m. Eurozone - Flash Employment Change q/q, Flash GDP q/q
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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11:00 a.m. U.S. - Crude Oil Inventories
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
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8:30 p.m. Australia - RBA Deputy Governor Debelle Speech
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9:45 p.m. Canada - BOC Governor Poloz Speech
Friday, November 15
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4:00 a.m. Eurozone - Italian Trade Balance
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5:00 a.m. Eurozone - Final Consumer Price Index y/y, Final Core Consumer Price Index y/y, Trade Balance
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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10:00 a.m. - Business Inventories m/m
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12:00 p.m. - German Buba President Weidmann Speech
EUR/USD
Monday, November 11
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4:00 a.m. Eurozone - Italian Industrial Production m/m
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4:30 a.m. U.K. - Preliminary GDP q/q, Manufacturing Production m/m, Construction Output m/m, Industrial Production m/m, Goods Trade Balance
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Eurozone - French Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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4:30 a.m. U.K. - Average Earnings Index 3m/y, Unemployment Rate, Claimant Count Change
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
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6:00 a.m. U.S. - NFIB Small Business Index
Wednesday, November 13
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2:00 a.m. Eurozone - German Final CPI m/m
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4:30 a.m. U.K. – Consumer Price Index y/y, Core CPI y/y, HPI y/y, PPI Input m/m, PPI Output m/m, RPI y/y
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5:00 a.m. Eurozone - Industrial Production m/m
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
Thursday, November 14
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2:00 a.m. Eurozone - German Preliminary GDP q/q
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2:45 a.m. Eurozone - French Final Consumer Price Index m/m
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4:30 a.m. U.K. - Retail Sales m/m
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5:00 a.m. Eurozone - Flash Employment Change q/q, Flash GDP q/q
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testifmony
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
Friday, November 15
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4:00 a.m. Eurozone - Italian Trade Balance
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5:00 a.m. Eurozone - Final Consumer Price Index y/y, Final Core Consumer Price Index y/y, Trade Balance
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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10:00 a.m. - Business Inventories m/m
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12:00 p.m. - German Buba President Weidmann Speech
USD/JPY
Monday, November 11
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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6:50 a.m. Japan - M2 Money Stock y/y
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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1:00 a.m. Japan - Preliminary Machine Tool Orders y/y
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5:30 a.m. U.S. - FOMC Member Clarida Speech
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6:50 p.m. Japan – Producer Price Index y/y
Wednesday, November 13
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
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6:50 p.m. Japan - Preliminary GDP q/q, Preliminary GDP Price Index y/y
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9:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate
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11:30 p.m. Japan - Tertiary Industry Activity m/m
Thursday, November 14
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
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11:30 p.m. Japan - Revised Industrial Production m/m
Friday, November 15
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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10:00 a.m. - Business Inventories m/m
GPB/USD
Monday, November 11
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4:30 a.m. U.K. - Preliminary GDP q/q, Manufacturing Production m/m, Construction Output m/m, Industrial Production m/m, Goods Trade Balance
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Eurozone - French Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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4:30 a.m. U.K. - Average Earnings Index 3m/y, Unemployment Rate, Claimant Count Change
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
Wednesday, November 13
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4:30 a.m. U.K. – Consumer Price Index y/y, Core CPI y/y, HPI y/y, PPI Input m/m, PPI Output m/m, RPI y/y
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
Thursday, November 14
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4:30 a.m. U.K. - Retail Sales m/m
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
Friday, November 15
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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10:00 a.m. - Business Inventories m/m
USD/CAD
Monday, November 11
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8:15 a.m. U.S. - FOMC Member Rosengren Speech
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All Day, Canada - Bank Holiday
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All Day, U.S. - Bank Holiday
Tuesday, November 12
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5:00 a.m. Eurozone - German ZEW Economic Sentiment
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5:30 a.m. U.S. - FOMC Member Clarida Speech
Wednesday, November 13
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8:30 a.m. U.S. – Consumer Price Index m/m, Core Consumer Price Index m/m
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11:00 a.m. U.S. - Fed Chair Powell Testimony
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4:30 p.m. U.S. - API Weekly Crude Oil Stock
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6:50 p.m. Japan - Preliminary GDP q/q, Preliminary GDP Price Index y/y
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7:30 p.m. Australia - Employment Change, Unemployment Rate
Thursday, November 14
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5:30 a.m. U.S. - FOMC Member Quarles Speech
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8:30 a.m. U.S. – Producer Price Index m/m. Core Producer Price Index m/m, Unemployment Claims
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8:30 a.m. Canada - NHPI m/m
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9:10 a.m. U.S. - FOMC Member Clarida Speech, FOMC Member Evans Speech
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10:00 a.m. U.S. - Fed Chair Powell Testimony
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11:00 a.m. U.S. - Crude Oil Inventories
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12:00 p.m. U.S. - FOMC Member Williams Speech
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12:20 p.m. U.S. - FOMC Member Bullard Speech
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9:45 p.m. Canada - BOC Governor Poloz Speech
Friday, November 15
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8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
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8:30 a.m. Canada - Governor Council Member Lane Speech, Foreign Securities Purchases
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9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
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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.
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