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5 Issues to Look Out for This Week - 17/5/21

5 Issues to Look Out for This Week – 17/5/21

By Mateo Jarrin Cuvi

Ready for this week’s highlighted tradeable events? We’ve got CPIs, PMIs, retail sales and the usual earning reports for some of the world’s favorite companies!

Beloved Companies for You to Trade

Wondering what’s in store for you this week when it comes to earnings reports and equities trading?

Look no further!

Who: Home Depot (.HD.N)
Day: Tuesday, May 18th
Time: 10:00 am GMT
Note: A strong housing market is supporting both home repair and remodeling activity, so things have been looking up for Home Depot. If the company meets its expected EPS for Q2 2021 of $2.99, this would represent a year-on-year growth of 44%. Keep in mind Home Depot has surpassed its EPS by 2% during the past four reporting periods.

Who: Walmart (.WMT.N)
Day: Tuesday, May 18th
Time: 11:00 am GMT
Note: For the past two quarters, Walmart has beat expectations by a surprise of 2.33%. Will this winning streak continue in Q2 2021? Strong pushes in the areas of e-commerce, which grew by 69% in Q4 2020, and delivery services suggest this trend might continue. EPS should be $1.21.

Who: Cisco Systems (.CISCO.OQ)
Day: Wednesday, May 19th
Time: 8:05 pm GMT
Note: Approaching this quarter’s earnings report, fourteen investment analysts have rated Cisco’s stock with a hold rating and eleven have issued a buy rating to the company. EPS is expected to be $0.82.

Who: Keysight Technologies (.KEYS.OQ)
Day: Wednesday, May 19th
Time: 8:05 pm GMT
Note:Keysight, a US firm that produces electronics test and measurement equipment, achieved a record number of orders for Q1 2021, driven by growth across all regions despite Chinese competition. Will this momentum continue in Q2? Expected EPS is $1.34.

Make note of these announcements and get ready to trade these companies’ equities with FXPRIMUS!

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Inflation for You! Inflation for Me! Inflation for All!

We’ve got two CPI releases ready for you to act on this Wednesday, May 19th!

At 6:00 am GMT, it’s the UK’s turn with analysts suggesting inflation will move up following a 0.7% hike in March as oil prices continue to rise and shops withdraw some of their COVID-driven discounts.

A little bit later, at 12:30 pm GMT, Canada will release its April CPI figures following a month of March that saw inflation double to 2.2%.

Check out both announcements as these are excellent opportunities to trade GBP and CAD.

Men (and Women) at Work in the Land Down Under

Australia’s economy is making up for all the lost time caused by COVID-19.

In March alone, the country added 71,000 jobs amidst what has been the fastest economic recovery in close to 70 years.

Unemployment rate also dropped to 5.6% from 5.8% in February.

As explained by MarketWatch, concerns still remain for the land down under as the government has opted to terminate “its wage subsidy scheme known as JobKeeper at the end of March, potentially ramping up unemployment again in April.”

Will April see unemployment once again surge or will jobs continue to be added?

So make yourself a vegemite sandwich and find out on Thursday, May 20th at 1:30 am GMT whether the Aussie job market is headed in the right direction!

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Let’s Shop for GBP Trades!

UK Retail Sales in March far exceeded expectations, growing by 5.4% despite only a slight easing of the measures set to stop the spread of COVID-19.

Analysts had predicted a growth of only 1.5%, so well done, UK shoppers.

Will UK retail sales move in the same direction in April?

According to the British Retail Consortium (BRC), which releases an indicator that precedes the government’s by about 10 days, UK sales during April grew by 7.3% spurred by strong demand for items sold by non-essential stores.

Still, about 42% of total retail sales for the month were done online.

It sure seems UK retail sales are en fuego considering the economy’s reopening following the country’s successful vaccination rollout.

Find out on Friday, May 21st at 6:00 am GMT when the UK government releases its latest retail figures, making it time for you to shop for GBP trades!

A PMI Trifecta at Your Service

Friday, May 21st is the day to trade based on Purchasing Managers Indices (PMI) across the globe!

Here’s a breakdown of what’s available on this sunny (hopefully) Friday.

EU PMI
8 am GMT
Note: With both manufacturing (53.7, a 9-month high) and services (50.3) PMIs in the positive for April, things are looking good for the EU’s numbers in May.

UK PMI
8:30 am GMT
Note: At 60.9, the UK’s PMI hit its highest level since July 1994, a good sign for the economy’s recovery and May’s figures.

US PMI
1:45 pm GMT
Note: Despite a 4-point drop from March’s levels, the US PMI for April sat comfortably at 60.7, continuing an 11-month trend of positive performance.

Pay close attention to each announcement and line up those EUR, GBP and USD trades!

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*Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.


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