Blog

5 Market Movers to Look Out for This Week – 26/7/21

5 Market Movers to Look Out for This Week – 26/7/21

By Mateo Jarrin Cuvi

Earnings reports are all the rave this week with 19 (!) companies there for you to trade. Plus, the US Fed will be issuing its latest monetary policy statement to power your USD trades.

Buckle up!

down

Tech Makes the World Go ‘Round

This is the Earnings Reports week you’ve been waiting for!

Some of your favorite tech companies will release their Q2 results, making this a great opportunity for you to trade.

As you know from last week’s explanation, tech has been booming in 2021, showing impressive growth.

For instance, if you look at the performance of the Technology Select Sector SPDR® Fund (XLK), a specialized index that provides a good gauge of how the S&P 500’s tech sector is doing, it’s been smooth sailing onwards and upwards for the world of tech.

This index has almost doubled its value in the past two years, going from around $80 to about $153 despite the ongoing COVID-19 pandemic.

Tech giants like Google, Amazon, Apple, Facebook and Microsoft have mirrored this high level of growth and more of this is expected once they release their Q2 results this week.

Here are the tech companies reporting this week, expected EPS included:

Who: Tesla (.TSLA.OQ)
Day: Monday, July 26
Time: 8:05 pm GMT
EEPS: $0.52

Who: Google (.GOOG.OQ)
Day: Tuesday, July 27
Time: 8:00 pm GMT
EEPS: $19.75

Who: Microsoft (.MSFT.OQ)
Day: Tuesday, July 27
Time: 8:05 pm GMT
EEPS: $1.90

Who: Advanced Micro Devices (.AMD.OQ)
Day: Tuesday, July 27
Time: 8:10 pm GMT
EEPS: $0.54

Who: Apple (.AAPL.OQ)
Day: Tuesday, July 27
Time: 8:30 pm GMT
EEPS: $1.00

Who: Facebook (.FB.OQ)
Day: Wednesday, July 28
Time: 8:05 pm GMT
EEPS: $3.04

Who: PayPal (.PYPL.N)
Day: Wednesday, July 28
Time: 8:15 am GMT
EEPS: $1.13

Who: Citrix Systems (.CTXS.OQ)
Day: Thursday, July 29
Time: 11:05 am GMT
EEPS: $1.19

Who: Amazon (.AMZN.OQ)
Day: Thursday, July 29
Time: 8:00 pm GMT
EEPS: $12.16

This should be loads of fun!

down

So Many Companies for You to Trade!

Tech is not the only name of the game during this loaded Earnings Reports week.

There are plenty of other companies issuing their Q2 results these days. Sectors include financial, pharmaceutical, communications, construction, commodities, oil and gas, and good ol’ coffee courtesy of Starbucks.

Here’s your laundry list of non-tech companies to trade this week:

Who: Starbucks (.SBUX.OQ)
Day: Tuesday, July 27
Time: 8:05 pm GMT
EEPS: $0.76

Who: Visa (.V.N)
Day: Tuesday, July 27
Time: 8:10 pm GMT
EEPS: $1.32

Who: Pfizer (.PFE.N)
Day: Wednesday, July 28
Time: 10:45 am GMT
EEPS: $0.96

Who: Qualcomm (.QCOM.OQ)
Day: Wednesday, July 28
Time: 8:00 pm GMT
EEPS: $1.67

Who: Kirkland Lake Gold (.KL.OQ)
Day: Thursday, July 29
Time: 12:55 am GMT
EEPS: $0.85

Who: Mastercard (.MA.N)
Day: Thursday, July 29
Time: 12:00 pm GMT
EEPS: $1.71

Who: Caterpillar (.CAT.N)
Day: Friday, July 30
Time: 10:30 am GMT
EEPS: $2.36

Who: Chevron (.CVX.N)
Day: Friday, July 30
Time: 10:30 am GMT
EEPS: $1.46

Who: ExxonMobil (.XOM.N)
Day: Friday, July 30
Time: 11:30 am GMT
EEPS: $1.02

Who: Procter & Gamble (.PG.N)
Day: Friday, July 30
Time: 11:00 am GMT
EEPS: $1.10

Let’s roll out those trades!

down

More Inflation Coming Your Way!

Inflation is all the rage these days, and this week you’ve got three CPI readings to power your trades!

What: Australia CPI (YoY and Q2)
Day: Wednesday, July 28
Time: 1:30 am GMT
Instrument: AUD
Notes: With inflation in the US rising at its fastest pace in close to a decade, analysts expect Australia inflation to follow in its footsteps and push upwards. Low interest rates, skyrocketing housing prices, and record government spending to push the economy out of COVID-19’s harm have added plenty of fuel to the inflationary fire. If this keeps up, Australia may have to follow in New Zealand’s footsteps and raise interest rates before 2023 or 2024. Will Australia’s latest CPI figures for Q2 reflect this trend?

What: Canada CPI (YoY and June)
Day: Wednesday, July 28
Time: 12:30 pm GMT
Instrument: CAD
Notes: In a recent statement, the Bank of Canada announced it would allow inflation to run a bit higher than its preferred rate of 2% until the economy is fully recovered from the economic pain inflicted by COVID-19. The government expects GDP to grow by 7.3% in Q3 after growing by only 2% in Q2. Interest rates could then be increased towards the middle of 2022 at the earliest to reel inflation back in.

What: EU CPI (YoY and July)
Day: Friday, July 30
Time: 9:00 am GMT
Instrument: EUR
Notes: Eurozone CPI dropped from 2.0% in May to 1.9% in June. According to the Financial Times, despite this drop, “most economists expect eurozone inflation to resume its upward path in the second half of this year, taking it above the European Central Bank’s target of just below 2 per cent and fuelling the debate over how long its ultra-loose monetary policies should continue.” How will the EU CPI fare in July?

Make the most of this trifecta!

down

Let’s See What the Fed Has to Say

According to Fed Chairman Jerome Powell, the US is still quite a way from tightening up its ultra-easy monetary policy.

Despite talks pointing towards the potential reduction of asset purchases, employment figures and price stability remain a concern.

In a statement before the House Financial Services Committee earlier this month, Powell said inflation “has increased notably and will likely remain elevated in coming months before moderating.”

Powell did reiterate that the surge in prices is temporary in nature and should return to preferred levels once economic conditions go back to a semblance of normalcy.

According to the Fed’s Chairman, however, the government’s stance on tapering and interest rates “will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete.”

Will this position be reflected in the Fed’s statement Wednesday, July 28 at 6:00 pm GMT or will an unexpected surprise shake things up for all of you USD traders?

Tune in, pay close attention and prepare your trades!

down

From a Two-Month Recession to Remarkable Growth

The US has COVID-19 to thank for the shortest yet deepest recession in its history, one that lasted only two months (February to April 2020) but saw the economy contract by 31.4% on an annualized basis.

Since then, the US economy has recovered rather quickly with annualized GDP rising by 4.3% and 6.4% in Q4 2020 and Q1 2021, respectively, and it’s expected to jump to 7.5% in Q2.

J.P. Morgan thinks US GDP will grow by 8% in Q2, readjusting its figure from an impressive 9%.

Bank economist Michael Feroli said: “While the broad stories underlying our GDP forecast—strong overall growth last quarter with a robust increase in final sales and a drop in inventories—have not changed much lately, GDP source reports generally have disappointed on net in recent weeks and we have been noting downside risk to our GDP forecast for Q2.”

Additionally, JP Morgan confirmed its expectation of an 8.25% rate of growth for the American economy in Q3 2021.

Find out the latest on this amazing recovery story when the US Bureau of Economic Analysis releases its latest GDP figures on Thursday, July 29at 12:30 pm GMT and trade some USD!

To check out a list of all of our ongoing promotions and offers, have a look at our website here.


*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.


Risk Warning: Trading on margin products involves a high level of risk , which may result in the loss of all invested capital. Show Less

risk Show More

Get Started

Risk Warning: Trading on margin products involves a high level of risk , which may result in the loss of all invested capital.

Get Started