ONLINE FOREX BROKER
2021-02-09 • Updated
Western Union reports its earnings on Wednesday, at 23:30 MT time, with the expected EPS of $0.42.
Here is the long-term picture. Western Union’s stock hasn’t recovered from the virus hit yet. While it enjoyed the highs of $28 a year ago, it is currently below $24 – that’s just halfway through the losses. However, it may be exactly the reason why it may be an excellent moment to open a position with this stock: with a fundamentally positive outlook, it will inevitably reach back to $28, in time.
In the mid-term, $24 is the nearest target for bulls. That’s where the stock is very likely to be if Western Union manages to outperform the expectations. Otherwise, it may drop to $22 before it gets up again for an upward trajectory. In any case, you'll be able to check which scenario it is in the FBS Trader!
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
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