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Big Tech earnings Week Plus Fed Interest Rate Coming Up This Week

  

Significant events to watch:

-USA (USD): Federal Reserve Interest Rate

-JAPAN (JPY): BOJ Press Conference

-USA (USD): CPI (MOM)

USA (USD): Federal Reserve Interest Rate – Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.  The current US interest rate is set to 5.25%.

The report is due Wednesday, 26 July 18:00 GMT

JAPAN (JPY): BOJ Press Conference – The Bank of Japan (BOJ) press conference looks at the factors that affected the most recent interest rate decision, the overall economic outlook, inflation and offers insights into future monetary policy decisions.

The report is due Friday, 28 July 06:00 GMT

USA (USD): CPI (MOM) – The Core Personal Consumption Expenditure (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. Last month’s CPI rose to 0.3%, which was according to the forecast.

The report is due Friday, 28 July 12:30 GMT

Risers and Fallers

-Dow Jones  (+0.01%)

-Microsoft Corp. (-0.89%)

-Alphabet Inc. (+0.69%)

-Crude oil (+1.56%)

Dow Jones – The Dow Jones was flat on Friday, increasing only 0.01%. However, the index is on its longest bullish run in six years. The Dow is trading at 33,734.88.

Microsoft Corp. (NASDAQ: MSFT) – Microsoft declined 0.89% on Friday. The company is due to report quarterly earnings this week. Furthermore, the Fed is due to announce its latest monetary policy. Microsoft is trading at $343.77 per share.

Alphabet Inc. (NASDAQ: GOOGL)  – Alphabet’s stocks rose 0.69% on Friday; they are among the many tech companies reporting earnings this week.  Alphabet is trading at $120.02 per share.

Crude Oil – Crude oil increased 1.56% on Friday. Oil prices has been increasing for four weeks in a row.  Crude oil was trading at $76.83 per barrel on Friday.


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