The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
US earnings in January 2021: what you need to know
What will happen?
Facebook, Google, Amazon, and other America giants will publish their earnings per share (EPS) and revenue. You can trade these events just like you trade news from the Forex economic calendar: all things equal, if the readings are better than expected, everyone will buy the stock of the reporting company and the price of this stock will go up. On the contrary, if the figures disappoint, the price will go down. Good news for FBS traders is that they trade stock CFDs and can make both buy and sell trades. Thus, traders have a chance to profit in case of either outcome.
Here’s the schedule of the upcoming releases:
The closest big event is the publication of Netflix’s earnings.
Why is it important?
Earnings releases represent the perfect opportunity to diversify from currencies into stocks and benefit from the big price moves that will occur ahead, during the day and after earnings release.
This time the situation is quite special. For some companies, 2020 was a year of devastation: clients lost, products unsold, profits unmade (Starbucks, Nike, etc.). Others, on the contrary, have managed to use the coronavirus pandemic to their advantage (Netflix, Moderna, etc.). One is certain: no firm will be unaffected. As a result, traders are awaiting earnings reports with great attention and this attention, in turn, will lead to spectacular price moves. Are you ready to capitalize on those moves?
What should traders do?
Make sure you have an MT5 account or an account with FBS Trader - this is where you will be able to see the live stock quotes and place your orders. After you download the platform and open an account, put the stocks listed in the schedule above to a watchlist: monitor their charts for a good technical level to enter a trade. If you have doubts or want insights, check the heads-ups prepared by FBS analysts. For example, this week it’s time to trade Netflix!
Remember that the stock exchange has a schedule. Trading starts at 16:30 MT time.
Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).