{"id":293507,"date":"2021-01-25T02:03:11","date_gmt":"2021-01-24T15:03:11","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/week-ahead-us-earnings-season-fomc-and-weaker-than-expected-oil-demand\/"},"modified":"2021-02-19T12:12:57","modified_gmt":"2021-02-19T01:12:57","slug":"week-ahead-us-earnings-season-fomc-and-weaker-than-expected-oil-demand","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-ahead-us-earnings-season-fomc-and-weaker-than-expected-oil-demand\/","title":{"rendered":"Week Ahead: US Earnings season, FOMC and weaker than expected Oil demand"},"content":{"rendered":"<p><strong>By Lachlan Meakin<\/strong><\/p>\n<p>Major US, European and Australian Indices made modest gains last week, despite a Friday sell off on Wall St. Traders will have no shortage of news to digest this week, with the Federal Open Market Committee\u2019s January policy meeting, major tech company earnings, US GDP figures and Australian CPI.<\/p>\n<p><strong>Equity Markets<\/strong><\/p>\n<p>US equity traders will have a slew of big name Tech and blue chip companies reporting earnings this week, which will give a good indication of US economic health. With the FOMC announcement and GDP also being reported this week US equity and Index traders will be busy.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-270649\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/01\/pasted-image-1-294x300.png\" alt=\"\" width=\"408\" height=\"416\" \/><\/p>\n<p>European markets are quiet on the news front and will be likely led by their counterparts on Wall St.<\/p>\n<p>In the shortened trading week on Australian Markets we have the important CPI figures released 11:30 am EAST on Wednesday which will give an indication of any heat being put into inflation from the recent COVID stimulus measures undertaken by the Federal Government.<\/p>\n<p><strong>FX Markets<\/strong><\/p>\n<p>The US dollar index closed lower on the week for the first time in 2021, the losses however were orderly with this week&#8217;s moves likely to be driven by the US economic calendar.<\/p>\n<ul>\n<li>A push by the Administration for the $1.9 Trillion USD COVID relief package to get through Congress and The Senate<\/li>\n<li>Thursdays FOMC statement<\/li>\n<li>Fridays GDP figures<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-270650\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/01\/2-300x228.png\" alt=\"\" width=\"424\" height=\"322\" \/><\/p>\n<p>SOURCE: GO MT4<\/p>\n<p>AUDUSD<\/p>\n<p>After hitting 2 \u00bd year highs against the USD in recent weeks the Aussie dollar has consolidated but shown strength in holding the 0.77 level where support has been found.<\/p>\n<p>This week&#8217;s CPI figures will be an important indicator of inflation and possible future interest rate moves by the RBA.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-270651\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/01\/3-300x209.png\" alt=\"\" width=\"411\" height=\"286\" \/><\/p>\n<p>SOURCE: GO MT4<\/p>\n<p><strong>Commodities \u2013 Oil<\/strong><\/p>\n<p>US Crude Oil dropped back last week on higher than expected oil inventories, crude oil inventories for the week ended January 15 rose by 4.4 million barrels when a shortage of 1.2 Million barrels was expected. This week&#8217;s Crude inventory figure will be released on Wednesday night and could dictate if the Crude price can hold these recent highs where prices have stalled.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-270652\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/01\/4-300x204.png\" alt=\"\" width=\"412\" height=\"280\" \/><\/p>\n<p><strong>Lachlan Meakin<\/strong><\/p>\n<table style=\"height: 171px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 75px;\">\n<td style=\"text-align: center; width: 728px; height: 75px;\" colspan=\"7\"><strong>Tuesday, 26 January 2021\u00a0<\/strong><br \/>\n<strong>Indicative Index Dividends<\/strong><br \/>\n<strong><em><sup>Dividends are in Points<\/sup><\/em><\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ASX200<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>WS30<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>US500<\/strong><\/td>\n<td style=\"width: 100px; height: 24px;\" width=\"100\"><strong>US2000<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>NDX100<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>CAC40<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>STOXX50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"69\">0.045<\/td>\n<td style=\"width: 100px; height: 24px;\" width=\"69\">0.001<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"69\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"69\">0<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ESP35<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ITA40<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>FTSE100<\/strong><\/td>\n<td style=\"width: 100px; height: 24px;\" width=\"100\"><strong>DAX30<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>HK50<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>JP225<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>INDIA50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 104px; height: 22px;\" width=\"69\">0<\/td>\n<td style=\"width: 104px; height: 22px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 22px;\" width=\"100\">0<\/td>\n<td style=\"width: 100px; height: 22px;\" width=\"100\">0<\/td>\n<td style=\"width: 108px; height: 22px;\" width=\"69\">0<\/td>\n<td style=\"width: 104px; height: 22px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 22px;\" width=\"100\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<img src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" \/><\/a><\/p>\n<p><em>Disclaimer:\u00a0\u00a0The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lachlan Meakin Major US, European and Australian Indices made modest gains last week, despite a Friday sell off on Wall St. Traders will have no shortage of news to digest this week, with the Federal Open Market Committee\u2019s January policy meeting, major tech company earnings, US GDP figures and Australian CPI. Equity Markets US [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[128],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Week Ahead: US Earnings season, FOMC and weaker than expected Oil demand - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-ahead-us-earnings-season-fomc-and-weaker-than-expected-oil-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Week Ahead: US Earnings season, FOMC and weaker than expected Oil demand - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Lachlan Meakin Major US, European and Australian Indices made modest gains last week, despite a Friday sell off on Wall St. Traders will have no shortage of news to digest this week, with the Federal Open Market Committee\u2019s January policy meeting, major tech company earnings, US GDP figures and Australian CPI. 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