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Look ahead: Economic Calendar – for Wed Jan 31, 2018 – If, Then… Market Timing

Look ahead: Economic Calendar – for Wed Jan 31, 2018

By Rod David | January 30, 2018 - 12:34 pm

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: Tuesday night’s State of the Union address may contain spending plans and saber-rattling that influence overnight price action. But Wednesday’s price action should be more influenced by the pre-open ADP numbers that help to fine-tune our expectations for Friday’s payrolls reaction. Also, any obvious reaction to pre-open reports is likely to be repeated by post-open reports. And the PMI has a reliable track record for influencing price action — both its private institutional release and subsequent public release. Volatility could contract considerably while awaiting the afternoon’s FOMC policy statement, which is very reliable for influencing price action through the close. That duration of influence will abut an otherwise normal consolidation ahead of high-profile (but otherwise not influential) post-close earnings coming from T, BA, MSFT and FB.

MBA Mortgage Applications
7:00 AM ET

*ADP Employment Report
8:15 AM ET

Employment Cost Index
8:30 AM ET

Treasury Refunding Announcement
8:30 AM ET

*Chicago PMI
9:45 AM ET

Pending Home Sales Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

*FOMC Meeting Announcement
2:00 PM ET

Posted in Bigger Picture, Econ Calendar, members-only