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April 24, 2018, 07:48:55 AM |
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This week is one of the "hottest" weeks on Wall Street since the start of the financial report season.
Financial investors also need to pay close attention to 10-year US government bond yield. If it exceeds 3%, it will exert great influence on stock market, and then spread to the forex.
Meetings on monetary policies this week should also be attended to, including ECB and BoJ meeting.
Geopolitic and commercial pressures are also the highlights of this week news
Here are the latest developments on global financial market this week:
1. A hot week for technology companies
More than one-third of S&P500 companies plan to release the revenue report this week, including The Alphabet (Google's parent company), Facebook, Amazon, Twitter, Qualcomm, eBay and PayPal on Wednesday; Intel, Microsoft and Baidu and so on
US stock price fell last Friday, leaving investors worried about the impact of the rise in the yield of US 10-year bonds. This yield reached 2.96% at the end of last week, the highest since 2014. High yield reduces the demand for securities.
2. ECB and BoJ meetings
ECB meeting will be held in the early evening of Thursday, while BoJ meeting on Friday morning. No significant changes in policies are expected, but these 2 meetings are noteworthy.
3. US and UK's GDP in Q1
Both the United Kingdom and the United States will announce their GDP in Q1/2018 this week, making GBP/USD the hottest pair of currency for the time to come. GDP reflects the growth of the country, so it's of great importance.
In short, this week financial market witnesses:
- The stock market "driving" the forex market
- US bond yields "driving" the forex market.
- No much hot news to be expected.
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