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.
Markets Cautious, Brexit and Stimulus Talks in Focus
2020-10-06 • Updated
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
XAG/USD: Silver during the last hours is trying to move higher and continues to stand above 23.6% retracement area. Silver’s outlook remains bullish.
US Market View
U.S. stock markets are set to open moderately lower after making strong gains on Monday in expectation of a fiscal stimulus package.
Trump returns to the White House, talk on fiscal stimulus progresses, and central bankers line up to promise more. Stocks are drifting lower, but oil is well supported ahead of weekly stockpile data. Here is what you need to know in financial markets on Tuesday, October 6th. Talks on a fresh round of fiscal support for the U.S. economy appear to be making progress toward completion.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by telephone for an hour on Monday to narrow their remaining differences. The talks are set to continue Tuesday, according to various reports.
US Key Point
- EU reportedly ready to call UK's bluff on Brexit talks
- ECB's de Cos supports that here is a risk that vaccine might not arrive by middle of 2021
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.
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In the early hours of Tuesday, the US Dollar faces challenges in maintaining its strength against major currencies, with the US Dollar Index struggling to surpass the 104.00 mark. Investors are eagerly anticipating the release of key economic data, including January Durable Goods Orders and the Conference Board's Consumer Confidence Index for February. Additionally, the economic calendar includes...
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