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Forex Flash: Earnings season abounds for key US equities – Deutsche Bank

FXstreet.com (Barcelona) - According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Ahead of us this week is a busy seven days of politics, earnings and economic data, which are all primed to move markets.” On the earnings side, about a quarter of the S&P500 by market cap will be reporting quarterly results. Setting the tone on the macro side will be the Q1 results from many of the big banks including Citigroup who report today before the US market open.

This will be followed by Goldman Sachs tomorrow, Bank of America and American Express on Wednesday and Morgan Stanley on Thursday. Outside of the financials, we also have a number of tech giants including Google, Microsoft and IBM reporting earnings on Thursday. Corporate bellwethers Coca Cola (Tuesday), General Electric and McDonalds (Friday) are also scheduled to report this week.

Forex: GBP/USD subdued below opening price

The GBP/USD is down today on the concerning GDP figure in China and fell from 1.5385 but was supported by 1.5305/10. Since then, upside attempts have been stalling around the opening price, at 1.5340 on the European session and 1.5345 on the NY opening. Once the American session opened and US data released, the pair eased back to 1.5320.
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