Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Stocks: Q1'2021 earnings reports coming!
Information is not investment advice
What will move the market on April 12-16?
The third full week of April is expected to be relatively quiet on Forex - with a few exceptions. Primarily, it will be the Reserve Bank of New Zealand that announces its Cash Rate on Wednesday – that may create shifts in NZD/USD and other pairs with NZD. Also, Australian labor authorities will announce the Employment Change and Unemployment Rate – some upbeat data may push AUD. Other than that, no major events are planned for the Forex week. In the meantime, the stock market is opening the earnings reports season – that’s the prime time for stock market movers. The US corporate landscape may be experiencing turbulence through the middle of the next month. Therefore, fasten your seatbelts, and prepare to see your stocks moving in MT5 and FBS Trader.
Remember you can trade stocks in FBS Trader!
JPMorgan and Goldman Sachs
Reporting: April 14, 12:30 and 11:30 MT time respectively.
These major banks will release their earnings on Wednesday before the US market open. Both brought strong financial performance results in the previous quarter, and the market is not expecting any less than that this time. Both stocks are now slightly below the recently made all-time highs and will likely beat them if the outlook is optimistic.
Bank of America and Citigroup
Reporting: April 15, 13:00 and 14:00 MT time respectively.
Another couple of the largest US banks, these two are notably different in their stock price performance. While BAC has been pretty bullish lately – probably, the most bullish among all the banks – and its stock has been busy making a new all-time high, Citigroup has not yet reached the pre-virus levels. That’s why the release of the earnings report may be crucial for Citi to possibly form a stronger uptrend. That is, if investors are satisfied with the results on Thursday.
Reporting: April 27, 12:00 MT time.
This stock’s performance has been quite peculiar: it was going flat until the very end of 2020 where it suddenly took off to currently trade slightly above the pre-virus high that corresponds to an important level of 2018. Beating that level and moving into the upside may start a whole new strategic uptrend for General Electric which has done a lot to restructure its financial layout and make investors happy.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.