3 – 7 Feb 2020 Trading week preparation

The content is now separated between markets/folders I track. It´s easier for me and I hope it´s easier clear for you too.

What I am looking at:
This week is going to be insane. A lot of news and new data, and important earnings results. It will be a nail biting week.

Its moving, the fear started to knock on investors door.
Gold/Silver ratio broke out, people are buying gold, fast and furious.
Gold volatility is also decreasing.
Fun fact, COMEX is leading the gold rally.

This escalated quickly, the weekly close candle is very ugly.
This week we have major news events, Services and Manufacturing PMIs and ADP jobs information. If this numbers are green we might see a leg up, if they don’t match the street expectations be prepared to an acceleration.
It´s still above the bull/bear line on the weekly but it printed the first red ashi candle.
In my opinion it’s not time to buy the dip yet.

Well, what a crappy week for crude.
The coronavirus are acting like a huge black swan for crude.
Oil/SPX ratio still prices WTI at $74
This level of ~$50 is quite important for crude. It has been a support for a long time. Will this hold? Only time will tell.

RBA will decide rates this week.
AUD is a proxy for china, investors dive in/flew according to risk.
This is why AUD is a great risk appetite barometer.
AUDUSD look ready to dump. On the weekly is super week and a bear MACD cross triggered. Despite being oversold on the daily it looks it wants to go to new lows.

JPY – Man. PMI
CHN – Caixin Man. PMI
CHF – Man. PMI
EUR – Man. PMI
GBP – Man. PMI
CAD – Man. PMI
USD – ISM Man. PMI / ISM Prices / Wards total vehicles sales

Earnings: GOOG

AUD – Rates decision / AIG construction Index
GBP – Construction PMI
USD – Factory orders m/m
NZD – Jobs


CHN – Caixin Services PMI
CHF – SECO Consumer climate
EUR – Services PMI / Retail sales / ECB Lagarde
GBP – Services PMI
USD – ADP Non-Farm Employment change / Services PMI / ISM Non- Manufacturing PMI


EUR – German factory orders m/m / ECB Lagarde
USD – Prelim Non farm productivity /Prelim unit labor costs / Unemployment claims
AUD – AIG Services Index
JPY – Average cash earnings / Household spending


CNY – USD Denominated Balance
JPY – CB leading Index
EUR – German Industrial production / French Industrial production
CAD – Jobs / Ivey PMI
USD- Non-farm jobs change / Unemployment rate / Consumer credit


Leave a Reply

Your email address will not be published. Required fields are marked *