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.
AUD/USD falls to fresh one-month low as risk aversion stays the course
2021-01-28 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver breaks down many support levels but recently buyers achieved to send price below 23.6% retracement area.
EU Market View
Asia indices decline on spillover selling from US where stocks had their worst day since October amid overvaluation concerns, earnings pressure, hedge fund liquidations and with the Fed providing a downbeat tone on the economy. European stock markets are seen opening lower Thursday, as investors react to the sudden selloff on Wall Street overnight. U.K. Prime Minister Boris Johnson indicated on Wednesday that the Covid-19 lockdown in England would last into March, after the U.K.'s death toll from the virus surpassed 100,000, the first European state to reach that figure. Oil prices slipped Thursday, as worries over weakening demand due to travel restrictions, particularly in China, have overshadowed a large fall in U.S. crude stockpiles.
FOMC left rates unchanged and maintained the size of its asset purchase programme, as expected. -Looking ahead, highlights from macroeconomic calendar include German CPI, US GDP (Q4), PCE, IJC, Japanese unemployment, ECB's Schnabel speech.
EU Key Point
- Germany to prepare entry restrictions for travelers from the UK, Brazil, South Africa.
- Gold stays in a precarious spot, looks set for first January drop since 2013.
- Australian coronavirus vaccinations look like being delayed further.
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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