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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.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus