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Earnings, Economic data, and quiet Federal Reserve Board voting Members + Levels for 01.23.24

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The Week Ahead: Earnings, Economic data, and quiet Federal Reserve Board voting Members.

By John Thorpe, Senior Broker

We have entered the FRB blackout period which always begins 8 days prior to the FOMC meeting which is currently scheduled for Jan 30-31

Tuesday After the close the biggest earnings number will be from Netflix NFLX. The forecast is for 8.8 Billion in revenue while adding 9million or more subscribers in the final quarter of 2023. Watch for surprises here as it’s clear that NFLX is the undisputed king of streaming services with a backdrop of consumers consolidating their preferences.

Wednesday after the close Look for TSLA Tesla stock to announce Q4 23 numbers with earnings forecast for .74 cents per share with Rev @ 25.6 bil. Will the current EV price war challenge the analysts estimates?

 

Thursday is kicked off with the ECB Rate decision @ 7:15 a m CST, expectations are to hold rates steady for the lending rates in the Eurozone. 15 minutes later @ 7:30 a.m. CST a slew of Data hits the wires..  Durable goods, GDP, Jobless claims followed by New Home Sales @ 9 a.m. CST

And ends with Intel INTC Earnings after the close. Expectations are 49 cents per share with 15.2 billion in revenue.

Friday market action will largely be reflective of the absorption the week of data and the evening of traders positions before the weekend.

 

Make it a solid week and always, “plan the trade and trade the plan”

 

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

01-23-2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Economic Reports,

Source: 

Forexfactory.com

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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