Bitcoin Soars to New Highs
15/8 – Home Depot to Report Earnings
16/8 – FOMC Minutes to Affect the USD
Last Week’s Recap – Geopolitical Tensions Stir the Markets
Early last week, tensions between North Korea and the US escalated after President Donald Trump pledged to attack North Korea. North Korea dismissed threatening comments from U.S. President Donald Trump and outlined plans for a missile strike near Guam, an area where the U.S. has a military base. Heightened tensions between the two nations sent investors looking for safe haven assets pushing the value of gold, the Swiss franc and the Japanese yen higher!**
Important Events and News Releases that will Define this Week’s Markets:
TUE 15/8 – Home Depot to Report Earnings
Home Depot (#HD) is due to report Q2 earnings before the U.S. market open. Consensus EPS forecast is $2.21 versus a previous $1.97 for the same quarter last year which is expected to push shares higher.*
WED 16/8 – FOMC Minutes to Affect the USD
The Federal Open Market Committee members will reveal their stance towards future monetary policy this Wednesday at 18:00 GMT. Investors will be looking very closely for hints of future rate hikes which could push the USD pairs higher.*
BDSwiss is offering a LIVE Trading Session on the day of the FOMC minutes release. How will the USD crosses react to the news? Watch our experts trade the opportunities that will arise on the day!
WED 16/8 – Cisco Systems to Report Earnings
Cisco Systems (#CSCO) is due to report Q2 earnings after the U.S. markets open. Consensus EPS forecast is $0.55 versus a previous $0.58 for the same quarter last year which is expected to cause shares to dip.*
THU 17/8 – Wal-Mart Stores to Report Earnings
Wal-Mart Stores (#WMT) is due to report Q2 earnings before US market open. Consensus EPS forecast is $1.06 versus a previous $1.07 for the same quarter last year which is expected to push shares lower.*
*Source: Seeking Alpha
**Source: Coinmarketcap
***Source: Investing.com
