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.
GBP minimize losses as Brexit pessimism under question
2020-12-18 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
XAU/USD: Gold after important gains consolidates below a full retracement.
European Market View
Asian equity markets traded cautiously despite fresh record levels on Wall Street. European stock markets are seen opening lower Friday, with doubts again growing that a post-Brexit trade deal between the UK and the European Union can be agreed upon. A spokesman for UK Prime Minister Boris Johnson also warned it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
The US FDA has reportedly decided to approve Moderna's COVID-19 vaccine on an emergency basis following the panel recommendation. Looking ahead, highlights from the macroeconomic calendar include UK retail sales, German IFO, Canadian retail sales, will be watched.
EU Key Point
- BOJ's Kuroda claims that It is too early to taper ETF purchases
- Eurostoxx futures -0.2% in early European trading
- UK November retail sales -3.8% vs -4.2% m/m expected
- BOJ's Kuroda supports that will ease monetary policy further without hesitation as needed
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.
After creating record highs, Wall Street's main indexes opened on Wednesday and began to edge lower, reflecting cautious sentiment among investors. They're eagerly awaiting crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The upcoming release of the personal consumption expenditures (PCE) price index is expected...
The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.
USD/CHF saw a rebound after declining for two days straight, climbing towards the important psychological level of 0.8800 during Wednesday's early Asian trading session. There's some pressure on the Swiss Franc (CHF) as traders await the Swiss ZEW Survey – Expectations report scheduled for later today. Moreover, investors are keeping...