The week ahead has more central bankers speaking than data events, aside from the RBNZ monetary policy meeting which could impact the markets depending on how the week starts we really have a light data calendar.
The main data events this week will be the CPI and Retail sales data out of the USA and preliminary GDP data out of the UK.
On the risk sentiment side... the coronavirus fears went down hence the reason WTI, Brent and Indicies went up from Monday until Thursday, but any more spreading or deaths we can witness and major market impact because we are going through the relief point right now.
Leaving the coronavirus aside, momentum in the global manufacturing sector appears to be strengthening. In the US, ISM manufacturing surged to 50.9 in January from 47.2 in December, while the euro area PMI also increased slightly. Next week, the US retail sales on Friday will be one of the week's most important releases (and we will trade it live!).
On the US political side, the first Democratic primary election in Iowa got off to a chaotic start on Tuesday. With most of the votes counted, surprisingly Pete Buttigieg tied with Bernie Sanders for first place while Elizabeth Warren and Joe Biden placed third and fourth, respectively. The strong showing for Buttigieg and Sanders gives them strong momentum going into the upcoming primaries, with the New Hampshire on Tuesday being next.
In Germany, shock-waves went through the ruling coalition after the CDU voted with the AFD to install a liberal FDP candidate as state premier in Thuringia. A coalition crisis meeting in Berlin has been scheduled for Saturday.
We have 7 Live Sessions this week. All the times are quoted in GMT time.
The duration of all sessions is capped at a maximum of 40 minutes but many times the sessions can be over in 15 minutes. All of the sessions are recorded but not all are uploaded.
Soon we will begin the New York Live sessions also, they will be starting at 13:00 GMT.
Spots are limited to all sessions so make sure you register for them all now!
London Live | Daily at 08:00
Session info: These sessions happen every trading day at the London open. In the sessions, we go over important information about the day ahead such as the market theme, momentum of assets and the upcoming news, but most importantly we go over how we apply the "knowledge" we teach and turn it into know-how to spot trades in all markets.
Registration link: https://zoom.us/j/472440794
RBNZ News Trade Preparations | Tuesday at 20:00
Session info: The Royal Bank of New Zealand could be taking some action this week or like the FED mention the challenges the Coronavirus brings to the markets and economies... we will be going over a specific trading tactic for this event and the session will be high impact and show you how we would trade the news (in our sleep!)
Registration link: https://zoom.us/j/195465095
Live Trading the US Retail Sales | Friday at 12:00
Session info: This is the last news event of the week and we will try to find a trade so we can end the week on a high note and turn the week into a double-digit percentage profit week! But more importantly, we will also prepare for the New York market open!
Registration link: https://zoom.us/j/891874547
See you in the new trading week team!