Bitcoin Extends Rally, Microsoft & Tesla Will Report Earnings This Week| FXMAG.COM

Earnings
Forex
Ipek Ozkardeskaya

US stocks, and Bitcoin rallied on Friday, boosted by gains in tech stocks on surprisingly strong Netflix results, Google’s job cut announcement and dovish hints from Federal Reserve (Fed) members.

Earnings

This week, the quiet period for Federal Reserve (Fed) officials will help us digest what has been said over the past weeks and focus on earnings!
Microsoft, Johnson&Johnson, General Electric,Texas Instruments, Intel, Tesla Mastercard, Visa, Chevron and American Express are among companies that will go to the earnings confessional this week.

Big Tech earnings projections are down by about 5% since October.
Yet, expectations went sufficiently low that there is plenty of room for a positive surprise, as has been the case with Netflix.

Forex

In the FX, the US dollar kicked off the week under pressure. The EURUSD already hit the 1.09 mark early in the session. Cable advanced to 1.2450.
The barrel of American crude posted its second straight week of advance, though the 100-DMA hasn’t been cleared… just yet!

Watch the full episode to find out more!

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0:00 Intro
0:45 US stocks reverse losses
2:29 Bitcoin extends rally
3:14 Digesting Fed expectations into the FOMC meeting
4:40 Microsoft & Tesla will report earnings this week
6:07 EURUSD hits 1.09; sterling, Loonie are also better bid against USD
8:13 Crude oil eyes $82pb resistance

Ipek Ozkardeskaya

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

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