Erik Schafhauser Zürich Erik Schafhauser Zürich Erik Schafhauser Zürich

Morning BrewJanuary 30 2023

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Summary:  Key Week Coming up


Good Morning, 

Equities ended the week even higher with  the Dow up 0.08%, the S&P 0.25%, the Nasdaq 0.95%. Looking at some Year to Date figures ahead of this crucial week for markets, the Nasdaq 100 is up 11%, the Ger40 9.5%, the S&P and the Switzerland 20 have risen app 6%. Tesla gained 44% and Nvidia 39%, Amazon 22% and Apple 13%. These numbers are Year to Date not 365 days.

FX was less risk on and the USD was relatively strong . The USD Index closed at near 102 and EURUSD 1.0867 and GBPUSD near 1.24.

We are entering a key week with :

  • many instruments at key level and this week could bring massive breakouts.
  • 3 G7 central banks announce rates and could either cause a revival of the USD or confirm that the BoE and the ECB are more hawkish than the Fed as expected. EURUSD needs to take out 1.0920 and GBPUSD 1.2450
  • China is back from the NewYear Celebration and reopened after Covid – we can expect a surge of consumption.
  • Earnings from the big tec on Wednesday and Thursday
  • Geopolitical Risks from the attack on Iran as well as the alliance against China to restrict chip exports.

From the meeting with Steen last week, pls find his outlook here: Steen`s Outlook for Markets

 

Economic Data & Earnings

Monday

Sweden and Germany GDP

EU Consumer Confidence,

Earnings: SoFi, Philips, Franklin Templeton, GE Healthcare, Ryanair, Whirlpool, NXP,

Tuesday

Japan Unemployment Rate,  Australia Retail sales and China Manufacturing PMI

France,  Italy as well as EU GDP, German CPI, US consumer confidence.

Earnings:  Exxon, UPS, GM, Pfizer, Caterpillar, McDonalds, Spotify, AMD, Snap, Amgen, EA,

Wednesday

International PMI thorough the day, EU HICP

FOMC Rate decision

Earnings: Altria, T-Mobile, Peleton, ThermoFischer, Meta,

 

Thursday

Band Of England, ECB Rate decision

Earnings:   Merck, Lilly, Honeywell, Sony, Amazon, Apple, Alphabet, Ford, Qualcomm, Starbucks, Gilead,

Friday

International PMI, Nonfarm Payroll

Earnings:  Cigna, CBoe, Sanofi

Expiries

        Physically Settled Futures

GCG3 will expire 30 Jan 2023

MGCG3 will expire 30 Jan 2023

Expiring CFDs

GASOLINEUSFEB23 will expire 27 Jan 2023

GOLDFEB23 will expire 27 Jan 2023

HEATINGOILFEB23 will expire 27 Jan 2023

CHINA50JAN23 will expire 30 Jan 2023

HK50JAN23 will expire 30 Jan 2023

TAIWAN95JAN23 will expire 30 Jan 2023

Quarterly Outlook 2024 Q3

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