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.
Appetite for risk returns slowly but steadily
2020-12-22 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver after still is struggling to move above 23.6% retracement area.
US Market View
The U.S. Congress passed the $900 billion coronavirus relief bill, sending it to President Donald Trump for its signature into law. In addition, the Senate also passed a $1.4 trillion spending bill that will keep the government funded through September.
U.S. stock markets are set to open mixed after a surprisingly resilient performance on Monday, when the sight of the country’s banks gearing up to resume stock buybacks calmed fears about a fresh surge in the pandemic from the new strain of Covid-19 virus detected in Europe and Africa.
Crude oil prices edged down again in quieter trade overnight, after a bruising drop on Monday in response to fears that the discovery of a new strain of Covid-19 virus could lead to wider and longer lockdowns in the new year.
USA Key Point
- The CHF is the strongest and the NZD is the weakest
- US consumer confidence highlights a lively economic calendar
- European Commissioner recommends re-opening essential travel with UK
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.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Gold price (XAU/USD) experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell's recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing...
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...