Beat the street: Fed allays rate hike worries; Apple; Qualcomm; Moderna; Peloton
Investors heave a sigh of relief after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes. Qualcomm issues an upbeat Q3 outlook.
Moderna’s quarterly revenue beat the street, but it was lower than the same period last year. Peloton cut jobs; CEO exits. Plus, brace for Apple earnings.
(AI Video Summary)
USD, EUR and JPY movements
In the episode of "Beat the street," Angeline Ong discusses key financial topics, including the Fed's rate decisions in response to inflation and its impact on borrowing costs, Apple's anticipated earnings amidst a decline in sales and potential AI benefits, and Qualcomm's improved outlook due to increased chip demand from China. Ong also delves into currency movements, notably the US dollar strength against the euro and Japanese yen, and the anticipation around other central banks' rate decisions.
Earnings reports
Corporate earnings highlights include eBay's revenue expectations, Apple’s upcoming report, QUALCOMM's strong performance, and Peloton's CEO change and job cuts. Additionally, it touches on Moderna's earnings amid declining covid vaccine demand and oil market dynamics after recent geopolitical tensions. The episode concludes with a look at market indicators and the importance of upcoming job data.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market.
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
