#StocksAnalysis

#FDX 🚚 FedEx Corp has published a quarterly report that fell short of expectations, causing its shares to drop by more than 15%. This signals serious challenges in the US economy, and if the situation worsens, FedEx's revenue may continue to decline.

➡️ In the article, we have outlined FedEx's business model, identified factors that may boost its revenue, and conducted fundamental and technical analyses to create a 2024 outlook for FedEx stock.

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​​#TradingIdeas #StocksAnalysis

*🔔 Results of the week 30.09.2024 - 04.10.2024*

*👉 Free* trading ideas

#PFE 💊 The first target has been reached ⬇️ (Forecast was made here)

#MARA 💻 The share price moved towards the target ⬆️ (Forecast was made here)

#TSM 🖥 Less than 5 USD left to the target ⬆️ (Forecast was made here)

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#MarketAlert

⚡️17:00 (GMT+3) 🇺🇸 ISM non-manufacturing purchasing managers index (PMI) (September)
Forecast 51.7 / Previous 51.5

*⚡️17:00 (GMT+3) 🇺🇸 ISM non-manufacturing prices* (September)
Forecast 56.3 / Previous 57.3

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#MarketAlert

⚡️06:00 (GMT+3) ?? Bank of Japan Interest Rate Decision
Forecast 0.25% / Previous 0.25%

The BoJ is widely expected to keep interest rates on hold. Nonetheless, a majority of economists polled by Reuters expect an increase by year-end. Since the Fed started its easing monetary policy in the September meeting, a narrowing gap between the US and Japanese interest rates might lift the Japanese Yen (JPY) against the USD.

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#MarketAlert

⚡️14:00 (GMT+3) ?? Bank of England interest rate decision
Forecast 5.00% / Previous 5.00%

⚡️14:00 (GMT+3) ?? BoE MPC meeting minutes

Interest rates are expected to be held at 5% by the Bank of England.

The decision at midday comes after it was revealed inflation, which measures the rate UK consumer prices are rising at, remained at 2.2% last month. The figure is just above the Bank's 2% target, but its governor Andrew Bailey has warned people not to expect a sharp fall in rates in the coming months.

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#MarketAlert

⚡️21:00 (GMT+3) ?? Federal Reserve interest rate decision
Forecast 5.25% / Previous 5.50%

⚡️21:30 (GMT+3) ?? Federal Open Market Committee (FOMC) press conference

Major brokerages expect the Fed to lower interest rates by 25 basis points, even as financial markets price in a good chance of policymakers starting the easing cycle with a 50-bps reduction. Markets are still split between a 25 or 50 basis points interest rate cut, so guidance from Fed Chairman Jerome Powell during his speech could shed a completely different light on the matter and might result in a knee-jerk reaction.

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#MarketAlert

⚡️15:30 (GMT+3) ?? Core Consumer Price Index MoM (August)
Forecast 0.2% / Previous 0.2%

⚡️15:30 (GMT+3) ?? Consumer Price Index MoM (August)
Forecast 0.2% / Previous 0.2%

⚡️15:30 (GMT+3) ?? Consumer Price Index YoY (August)
Forecast 2.5% / Previous 2.9%

Any decline in August’s inflation figures will be welcomed positively by the market. The market and Fed officials generally agree that inflation is trending downward and no longer poses a threat to the central bank’s intention to begin reducing interest rates.

A spike in core inflation could potentially derail the Fed’s rate cut plan and potentially spook markets if there is a negative surprise in US CPI data for August.

With the US CPI decreasing to 2.9% in July and the unemployment rate largely remaining unchanged from 4.3% in July to 4.2% in August, the markets believe it is time for the US Fed to begin cutting interest rates. A higher for longer interest rate scenario may start impacting the economy negatively.

US Fed’s FOMC meeting is next week on September 17-18 and the expectations of a 0.25% rate cut are high.

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#MarketAlert

⚡️15:30 (GMT+3) ?? Nonfarm payrolls (May)
Forecast 164K / Previous 114K

⚡️15:30 (GMT+3) ?? Unemployment rate (May)
Forecast 4.2% / Previous 4.3%

US job growth likely picked up in August, with the unemployment rate forecast to have dropped to 4.2%, which would offer more assurance that an orderly labor market slowdown remained intact and cement expectations of a quarter-point interest rate cut from the Fed this month.

The Labor Department's closely watched employment report on Friday would add to solid consumer spending in dispelling financial market fears of a recession, which were stoked by a rise in the jobless rate to a near three-year high of 4.3% in July. The fourth straight monthly increase in the unemployment rate put a 50 basis point rate cut on the table.

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