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European Equities: Can Earnings Support a Bullish Start to the Week?

The Day Ahead

Economic data scheduled for release through the day is on the lighter side today. From the Eurozone, flash consumer confidence figures are due out this afternoon, which will provide some support late in the session.

On the earnings front, the following U.S companies are scheduled to release their earnings results today: The Coca-Cola Co., Lockheed Martin Corp., The Procter & Gamble Co., Twitter Inc., and Verizon Communications Inc

At the time of writing, the European futures were bucking the trend early on. The DAX30 was up 56.5 points, while the CAC40 was pointing to an 18 point gain at the open.

https://www.fxempire.com/forecasts/article/european-equities-can-earnings-support-a-bullish-start-to-the-week-570127

Will Theresa May and the GBP Face a Vote of No Confidence?

For the Pound
There are no material stats due out of the UK today to provide the Pound with direction. The focus in the early part of the week will be on any Brexit chatter.

MP’s return to Westminster today following the Easter recess. Theresa May will be on a mission to wrap up an exit solution before the EU Parliamentary elections and perhaps, more importantly, a more meaningful call for a vote of no confidence.

Talks of a vote of no confidence have already begun to do the rounds…

At the time of writing, the Pound was up 0.03% to $1.2986.

https://www.fxempire.com/news/article/will-theresa-may-and-the-gbp-face-a-vote-of-no-confidence-570122

GBP/USD

Pivot-1.2980

Long above 1.2960 with targets 1.3040 & 1.3086 target in extension

Short below 1.2960 with target 1.2900

GBP/USD

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 145.50
0.5
€ 3,850.45
€ 7,700.90
€ 937.25
1
€ 19,252.24
€ 38,504.49
€ 4,686.26
5
€ 38,504.49
€ 77,008.97
€ 9,372.52
10
€ 96,261.21
€ 192,522.43
€ 23,431.30
20
€ 192,522.43
€ 385,044.86
€ 46,862.60

GBP/JPY

Pivot-145.30

Long above 144.75 with target 146.50

Short below 144.70 with 144.20 target

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.3086
1
€ 3,875.97
€ 7,751.94
€ 822.48
3
€ 11,627.91
€ 23,255.81
€ 2,467.44
5
€ 19,379.84
€ 38,759.69
€ 4,112.41
10
€ 38,759.69
€ 77,519.38
€ 8,224.81
25
€ 96,899.22
€ 193,798.45
€ 20,562.03

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