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The Week Ahead: Trading Earnings Season

Jan 31, 2020 (12:54)

by John Knobel

Many of the World’s largest companies will be reporting earnings during the week of February 3^rd – 7^th

Monday: Tele2, Alphabet Inc. (Google)
Tuesday: Intesa Sanpaolo, Ferrari, and Walt Disney
Wednesday: BNP Paribas, Svenska Handelsbanken, ABB, Kesko, Outokumpu, and Spotify
Thursday: Nordea Bank, Nokia, Total, Twitter, Uber, Unicredit and L’Oreal
Friday: Tata Steel, Abbvie, Banca Monte dei Passchi de Sien

Global Trading Strategy: EURO50 20/03/2020

Eurostoxx 50 Index current price at time of writing 3,688, short positions can be technical supported for a move lower towards 3,500 since price is below its 10-day moving average, downside momentum remains with both the 6 and 13 period rate of change indicators below zero.

Current Market Drivers:

Slower European Economic Growth during the last months of 2019 adding to downside bias, latest Euro-area GDP data below forecast with Italy and France showing to be the weakest links of the major EU economies
Uncertainty about the global economic impact of the China Coronavirus

Source: FXGM Investment Research Department / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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