TAG: us earnings
Market Insights Podcast – Higher for longer interest rates back in vogue, US CPI, ECB and Q1 US banks earnings on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, a quick recap on what happened last week week where the initial Fed dovish pivot narrative has been watered down due to a hawkish Fed Sp...
6 months ago
US DJIA Technical: Major US banks’ Q1 earnings in the focus over adverse macro factors
Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA. Analysts’ Q1 earnings estimates for these three US banks have be...
6 months ago
Market Insights Podcast – BOJ, AU inflation, US PCE and US Magnificent 7 stocks earnings in the focus
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Australia’s monthly CPI (March) out on Wednesday (24 Apr) is expected to come in at a similar annualized pace of 3.4% as printed in Febr...
5 months ago
Nasdaq 100: Sandwiched, watch the US 10-year Treasury yield next
Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is...
5 months ago
Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank mee...
2 months ago
SPX 500: Further weakness may trigger a medium-term global risk-off event
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500 component stocks can increase the odds of a more pronounced s...
2 months ago
Nasdaq 100: Potential bullish reversal looms ahead of Alphabet and Tesla earnings results
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahe...
2 months ago
Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus
Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several count...
1 day ago