Get ready for an exciting week in the financial markets! With a holiday-shortened week ahead, we’ll see great reports from some of the biggest names in the industry, including Morgan Stanley and Goldman Sachs. But it’s not just the financial sector that will be in the spotlight – we’ll also get earnings reports from United Airlines, American Airlines, Procter & Gamble, and Netflix. Check out the best trading opportunities for January 16-20, 2022.
Busy and Exciting Week Ahead for Investors
Wednesday is shaping to be a huge day, with the US Census Bureau reporting on December retail sales and the Bureau of Labor Statistics issuing the latest Producer Price Index. And let’s remember the housing market – we’ll get updates on December housing starts, building permits, and existing home sales.
Overall, it’s set to be a busy and exciting week with plenty of opportunities for investors. So make sure to take advantage of it. Join the action and participate in the financial markets this week! Here are some assets to keep an eye on.
The Best Trading Opportunities for January 16-20, 2022
Traders need to have their SimpleFX accounts funded when Netflix reports its Q4 2022 results on January 19th. It can potentially impact the stock’s price significantly. According to the consensus estimates, the company is expected to report revenue of around $8 billion for the quarter, which is slightly above the estimate of $7.82 billion, and earnings of around $0.30 per share, compared to a consensus of $0.44 per share. If they come true, these numbers indicate a 4% YoY revenue growth, less than the 16% growth in the same quarter last year.
Bitcoin is soaring above $21,000 again. The digital currency has been upward over the past few months. Thus, this recent surge could signify even more growth. People anticipate that the value of bitcoin and other cryptocurrencies will keep increasing as the world transitions to more digital options and decentralized solutions.
The growth of bitcoin was mainly attributed to China’s easing anti-COVID policy and the recent low fuel prices. This resulted in hopes for better economic conditions in 2023 and a global decline in inflation. Investors believe in Bitcoin’s ability to hedge against turbulent times.
This week, oil is a desirable trading asset due to various factors impacting the market. China, the largest importer of crude oil, has shown promising signs of increased demand with the rise of imports and traffic flow. These developments suggest that Chinese imports will continue to build. It can be mainly driven by rising refinery runs and strategic stockpiling of crude.
Additionally, the weakening of the US dollar to a nine-month low has contributed to a higher oil price as expectations grow that the Federal Reserve will limit rate increases following the decrease in US inflation.
Furthermore, with Brent crude futures up 6.7% and WTI crude futures up 6.2% this week, recouping most of last week’s losses, it’s likely that the market will continue to be volatile, which can be an excellent opportunity for traders to make profits.
Margin Traders: Don‘t Miss Out on This Week‘s Financial Market Impactors
The US Census Bureau will release national retail sales figures for December on Wednesday. It will indicate whether consumer spending held up during the holiday shopping season. This information is critical for traders to understand the current economic conditions and how that is affecting the markets.
The Bureau of Labor Statistics (BLS) will also issue the Producer Price Index (PPI) for December. The report will show inflation figures tracked from the standpoint of manufacturers and wholesalers. This data can also show how much upward pressure there is on prices. As a margin trader, you must get involved this week, as they can significantly impact the financial markets and your trades.
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