Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Brexit negotiations will resume this week
2020-08-17 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The currency pair is now between the Tenkan Sen and the Kijun Sen level. An upward wave would push prices to eliminate the Tenkan Sen key level, confirming further bullish implications.
XAG/USD: Silver is now testing the key level at 61.8% of the Fibonacci retracement levels. Further bullish momentum will push prices to hit the next level at 88%.
European Market View
This Wednesday Fed minutes will be scrutinized ahead of September’s important Fed meeting, whereas a possible new target will be in focus.
On Friday, PMI August figures from Germany, France, and the United States will be monitored to see if the recovery continued in August after the encouraging July numbers.
Brexit negotiations between the European Union and the United Kingdom resume this week.
European Key Point
- Wednesday Fed minutes
- PMI August figures from Germany, France, and the United States
- Brexit negotiations will resume this week
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading at a two-week high against the US dollar. Investors are...
Commerzbank's analysis suggests a brighter outlook for the New Zealand Dollar (NZD) in the coming months despite recent downward pressure. Factors like broader U.S. Dollar strength and domestic issues have kept the NZD below last year's highs. However, robust labor markets in both New Zealand and Australia and an expected...
What causes the yen to fall, and how does it behave against the USD, EUR, and AUD