{"id":14792,"date":"2021-07-26T08:21:30","date_gmt":"2021-07-26T08:21:30","guid":{"rendered":"https:\/\/errante.com\/?p=14792"},"modified":"2021-07-26T08:21:31","modified_gmt":"2021-07-26T08:21:31","slug":"the-week-ahead-26th-30th-july-2021","status":"publish","type":"post","link":"https:\/\/errante.com\/newsroom\/the-week-ahead-26th-30th-july-2021\/","title":{"rendered":"The Week Ahead: 26th \u2013 30th July 2021"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/h2>\n\n\n\n

It\u2019s set to be a\u00a0busy week<\/a>\u00a0in the markets with the Federal Reserve meeting, a series of high-profile earnings, and some key economic data on the slate. While no policy changes are expected from the Fed\u2019s two-day meeting more details will likely emerge on the tapering discussions that started in June. With equity markets poised at record highs, investors will be closely watching earnings from tech heavyweights and on Thursday investors will get a first look at second-quarter U.S. GDP growth, which is expected to be the peak of the post-pandemic recovery. Meanwhile, on Friday the eurozone is to release a slew of data, including reports on inflation, GDP, and unemployment.\u00a0<\/p>\n\n\n\n

Tesla is in the spotlight this week.  The California-based electric vehicle and clean energy company is expected to report its second-quarter earnings of $0.94 per share, which represents year-over-year growth of over 113% from $0.44 per share seen in the same quarter a year ago. <\/p>\n\n\n\n

The high-performance electric vehicle manufacturer would post revenue growth of about 90% to around $11.4 billion. The electric vehicle producer has beaten earnings three times in the last four quarters. <\/p>\n\n\n\n

Cryptocurrencies popped to the top of recent ranges on Monday as short-sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.\u00a0<\/p>\n\n\n\n

Bitcoin<\/a>\u00a0rose as far as 12.5% to hit $39,850, its highest since mid-June during the Asia session, while ether hit a three-week peak of $2,344. On the heels of bitcoin’s best week in almost three months, the move put the squeeze on short-sellers.\u00a0<\/p>\n\n\n\n

Bitcoin was last up 8% at $38,064, putting it within sight of resistance around June’s $41,341.57 peak just a week after it was testing support at $29,500. <\/p>\n\n\n\n

Ether was last up 5% at $2,304. <\/p>\n\n\n\n

For the UK, it\u2019s a particularly quiet week ahead on the economic calendar. <\/p>\n\n\n\n

UK economic data is limited to housing sector data that should have a limited impact on the Pound. <\/p>\n\n\n\n

A lack of stats will leave the Pound in the hands of COVID-19 news updates in the week.\u00a0<\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong> <\/h3>\n\n\n\n

The times below are GMT\u00a0+3.\u00a0<\/p>\n\n\n\n

Monday 26<\/strong>th<\/sup><\/strong> July  <\/strong> <\/strong> <\/p>\n\n\n\n