Collinson FX: April 10: Earnings season kicks off

by Collinson FX 10 Apr 2018 22:15 NZST 10 April 2018

Day 2, Bay of Islands Sailing Week, January 25, 2018 © Richard Gladwell

Collinson FX: April 10: Earnings season kicks off

US equity markets rebounded strongly, continuing the extreme swings experienced of late, triggered by threatened global trade wars. Trump has upped the anti, threatening increasing tariffs until China addresses the imbalance and theft of intellectual property. Trump tweeted he required reciprocal taxes to be applied between trading nations. Treasury Secretary, Steve Mnuchin, confirmed a trade war was possible but not likely.

German trade data confirmed a contraction, with falls in both Exports and Imports, contradicting recent momentum. The EUR jumped to 1.2300, while the GBP consolidated above 1.4100, as trade war fears subsided allowing the Dollar to drift. The weakness in the reserve allowed commodity currencies to regain some lost ground. The AUD looks to regain 0.7700, while the NZD pushed back to 0.7300, boosted by trade rhetoric.

The earnings season begins this week and expectations are high as US Tax cuts flow through to corporate earnings. If US company earnings show anticipated strength, then equity markets should reflect this, although trade war threats remain.

Disclaimer: The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site

For more on Collinson FX the latest update click here now

Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 |

Related Articles
Collinson FX November 11: Feel good US economy
US Federal Chairman says he is ,‘feeling good' about the US economy Markets continued to rally, following the huge wave of positive sentiment from the election of President Trump. The Fed unanimously voted to cut a further 25 basis points. US Federal Reserve Chairman, that he was ‘feeling good' about the US economy. Posted on 11 Nov Collinson FX June 7: ECB cuts rates
ECB (European Central Bank) cuts rates for the first time in five years, more cuts expected The ECB (European Central Bank) cuts rates for the first time in five years, as expected, offering relief to borrowers. Markets anticipate that the ECB will cut again, at least once, this year. Posted on 10 Jun Collinson FX: OCR hold lifts NZD
RBNZ was hawkish, citing inflationary pressures, in their decision not to change the Cash Rate RBNZ was hawkish, citing inflationary pressures, in their latest decision to leave interest rates at these elevated levels, until at least next year. That had the same impact on the currency, with the NZD rallying strongly following the RBNZ rate decision Posted on 22 May Collinson FX: Jan 20: No change with PM's exit
The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency. The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency, as this will have little impact on the NZ economy. Posted on 19 Jan 2023 Collinson FX: Dec 5 - Risk appetite rallies
US Federal Reserve Chairman confirms the rate of future interest rate rises may slow US Federal Reserve Chairman confirms the rate of future interest rate rises may slow, as early as December. Posted on 5 Dec 2022