5 reasons to earn this week!

29 October 2018

Dear clients,

Last week happened to be very active for world's financial markets but this week also has a lot of interesting events to offer to traders. What event do we have this week to earn on?

Corporate reporting

This week approximately one forth of all companies that are included in S&P 500 index are to publish their reports.

The most awaited one is Apple report, that will be published on Thursday, November 1st after trading session closing. According to experts' forecast Apple's revenue will be $61,43 billion.

Apart from Apple the following companies are to share their corporate reports:

Tuesday, Oct 30            Facebook, eBay, General Electric (#GenElectr), Mastercard, Coca Cola
Wednesday Oct 31      General Motors (#GenMotors)
Thursday Nov 1           GoPro, Apple
Friday Nov 2                 Exxon, Alibaba

Shares of all the mentioned companies are available for trading in FreshForex trading platforms.

Inflation in Euro Area

On October 31st at 9am GMT, October Euro Area inflation release is expected.

According to consensus, in October consumer prices might have grown by 2.1%. Core inflation, which doesn't include energy commodities and food prices, is likely to reach 1.0% in comparison with 0.9% in the previous month.

Last week European Central Bank (ECB) confirmed end of quantitative easing till the end of the year and rate hike after summer 2019, despite of the indications of slowing down Euro Area economics.

Bank of Japan Meeting

On October 31st at 6am GMT Bank of Japan announces its decision regarding interest rate.

According to experts' forecast, the Central Bank of Japan will keep the rate unchanged on the level of –0,1% and will consider possibility of slight date change of resuming purchases of government bonds.

Bank of England Meeting

On November 1st at 11am GMT Bank of England (BoE) releases its interest rate decision. Many analysts are anticipating BoE to keep the rate unchanged till May 2019, if Brexit deal takes effect.

October Non-farm Payrolls

On November 2nd at 12.30 noon GMT Nonfarm Payrolls is to be released. This report shows changes in number of people employed in USA non-farm sector. Total number of employed in this sector is about 80% of workers producing USA GDP.

That is why NFP offers the best economics review and causes high volatility in markets!

According to consensus, we are likely to see increase of workplaces by 191 000 and unemployment growth up to 3.8%.

Traders will also follow closely all the political news about upcoming November elections in USA.

Follow key economical events with FreshForex Calendar and earn!

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Good luck in trading!
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