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.
S&P500 hit an all-time high in the previous session
2020-08-19 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.
European Market View
S&P500 hit an all-time high in the previous session. The United States dollar though is still under pressure. Today’s highlight is the Federal Reserve minutes from the meeting in July 2020 which will be particularly interesting ahead of the upcoming important meeting in September 2020. It is expected that Fed will provide guidance on the new target.
European Key Point
- S&P500 hit an all-time high in the previous session
- Federal Reserve minutes from the meeting in July 2020
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