The Big Events of the Week – Part 2, US Corporate Earnings, Trump - Forex News by FX Leaders

The Big Events of the Week – Part 2, US Corporate Earnings, Trump

Posted Monday, October 17, 2016 by
Skerdian Meta • 2 min read

Back again guys with the economic and political events of the week which are most likely to have a considerable impact on the forex market. We roughly covered the inflation reports of the week which we'll analyze deeper on the day of the release. In this update, we will take a look at the US corporate earnings and the presidential debate between Clinton and Trump.

US Corporate Earnings – The big names of the US economy will publish their earnings for the third quarter this week. We will see how Intel, Bank of America, Microsoft, General Electric etc have performed during the summer months. The earnings will take extra attention after the weak auto sales in September. If the numbers miss the expectations then I expect a negative sentiment towards the USD the entire week, because that would cast a shadow on the performance of the US economy. If the numbers come out as expected or higher then this would reinforce the idea that the hard times are finally behind us and raise the expectations that more rate hikes are coming in 2017 after the one we expect to see in December. I think that you are experienced enough to figure out what that means for the buck in the weeks ahead, unless Trump ruins everything.

US Presidential Debate – Speaking of the funny wig on top of the guys head, it might come handy for Trump. His support has declined after a number of publications and accusations against him for all sorts of stuff he's done in the past. You name it, groping, molesting, racism, ignorance, tax evasion, the list goes on. That said, there's always that odd chance that the last debate turns the tables upside-down. According to me of course, Trump lacks the very basics required for a presidential candidate, but Fox News is moderating the debate. For those of you who are not aware of the editorial line of Fox, they are the stronghold of the republicans and they often slide into fascism. That's a big advantage for the wig man, but I don't think it will be enough to get him in front of the nice lady. We must still keep an eye on it just in case, because the uncertainty in the financial markets will be huge if the gap between the two candidates narrows. That would be a massive minus for the USD.

As we said on the previous update, we will be with you on the day of the event. So if you don't know what to make of these events, we will update you guys with thorough analysis.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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