The Trickling In Of 2019, Quarterly Earnings & Market Reaction After The BPV

By Kenneth@Xtrade - on January 16, 2019

The trickling in of 2019, first quarterly earnings & Markets reaction after the Brexit Parliamentary vote, continues to drive market sentiments amid the ongoing US Government shut down, and uncertainties in the development of the Sino-US trade war truce, in light of the delivery of Crude Oil Inventories report via the EIA. Energy Information Administration.

As 2019’s Q1 earnings seasons rolls out it comes with numerous opportunities to trade on individual shares from the companies reporting or to trade on the Indices. On Tuesday Netflix lead the pack, hitting markets with better than expected returns and inspiring the US 30, US TECH and the FAANG group to name a few. Today Bank of America, Goldman Sachs, and Blackrock are due to release their reports supporting socks prices.

Meanwhile, Ms. Theresa May, faced one of the most humiliating defeats in Parliament since the 1920’s as per the opposition leader of the Labour Party Jeremy Corbyn revelation, while threatening to hit the PM with a “No –Confident” vote today. Which for now does not seem to be materializing even with 432 against May’s Brexit Deal and 202 in favour.

Global Markets:

Global Stocks are expected to maintain a bullish outlook for the day. Asian shares closed with gains. As China stimulates it economy with the largest input of liquidity. Tallying almost $82.9 billion. EU shares are poised to be supported except that of the UK 100 which is plagued by “Brexitities” i.e. Brexit anxieties. US Stocks are seen traveling North on the back drop of the earning season. However sudden reversals and corrections remain prevalent.

  • Germany 30: Has paved is path from 10,856.3 – 10,940.5 for the day with little room to stay above the resistance or support levels for too long.
  • Italy 40: Was spotted jumping in and out of gains between 19,055.00 – 19,295.00.
  • UK100: From the previous close of 6,838.0 the prognosis is for a down trend of at least 15-100 pips. By the time of print 09:05 GMT it stood at 6,790 down 0.70% from highs of 6,851.5 heading to lows of 6,784.2
  • US30: As per our intro the US30 is hawkish climbing from 23,960.0 to 24,049.5 up 0.27% by the time of post 10:11GMT and aiming for 24,092.5

Commodities:

  • Oil: On Tuesday the API reported a draw of nearly 560million barrels encouraging prices to rally up to 52.52 before bowing down yet remains supported between 51.72 – 52.52 ahead of the crude oil inventories.
  • Gold: Sticks to the familiar territory ranging between 1,288.15 – 1,292.45. as per our previous posts so long as uncertainties prevail the safe –haven hold on to the belt.
  • Copper: Is likely to continue tacking on gains up 1.12% at 1.2664 and aiming to reach or pass 2.676 from lows of 2.636.

FX Market

  • Oil: On Tuesday the API reported a draw of nearly 560million barrels encouraging prices to rally up to 52.52 before bowing down yet remains supported between 51.72 – 52.52 ahead of the crude oil inventories.
  • Gold: Sticks to the familiar territory ranging between 1,288.15 – 1,292.45. as per our previous posts so long as uncertainties prevail the safe –haven hold on to the belt.
  • Copper: Is likely to continue tacking on gains up 1.12% at 1.2664 and aiming to reach or pass 2.676 from lows of 2.636.

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