Investors are bracing for another week packed with interesting earnings releases! Traders will be offered reports from 5 US mega tech companies over the next few days. However, next week also hosts releases of some top-tier macro data, including Q1 2022 GDP reports from the United States and Germany. Be sure to watch USDJPY, EURUSD and US100 next week!
USDJPY
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Open real account TRY DEMO Download mobile app Download mobile appThe US GDP report for Q1 2022 will be released on Thursday at 1:30 pm BST and it is surely a top macro event of the week. Report is expected to show an annualized growth of just 1%, following a growth of almost 7% in the final quarter of 2021. Report will capture more than a full month of Russian invasion of Ukraine. However, we may not receive all answers as the first GDP release usually lacks many important details. Nevertheless, USD is likely to experience increased volatility.
EURUSD
Apart from the US report, investors will also be offered a German GDP report for Q1 2022. Data will be released on Friday at 7:00 am BST and is expected to show an 0.2% QoQ expansion. A day earlier - Thursday at 1:00 pm BST - traders will be offered a flash German CPI release for April. Market expects CPI uptrend to take a pause with inflation remaining unchanged at 7.3% YoY. Both releases may have a big impact on EURUSD which has recently dropped to an almost 2-year low!
US100
Nasdaq-100 (US100) may also experience some volatility during the US GDP report release on Thursday, however big moves may also be triggered by a busy earnings calendar. Investors will be offered reports from 5 US mega tech companies next week - Alphabet and Microsoft on Tuesday, Meta Platforms on Wednesday as well as Amazon and Apple on Thursday. Will their quarterly results improve sentiment towards the US100, especially after Netflix's weak results?? We shall see in the coming days!
