Forecasts & Analysis |

The Silicon Valley blue chip has been an outstanding performer in the last decade, rising more than twenty-fold.

Following is a list of company earnings scheduled for release Sept 20-24, along with earnings previews for select companies. Next week’s earnings are probably not much significant for major market movements, but it is adequate to gauge investors’ sentiment.

The Canadian dollar hit a near one-month low against its U.S. counterpart on Friday as falling energy prices and September 20 election uncertainties weighed on the commodity currency.

USD/CAD settled above 1.2730 and is trying to settle above the next resistance at 1.2760.

Gold mining stocks are under strong pressure.

Silver settled below $22.60 and is trying to settle below the next support at $22.30.

Trader reaction to a short-term retracement zone at $1757.40 to $1738.60 should set the tone for the session.

Today gold is 0.4% higher, as it is trading above $1,750 price level. What about the other precious metals?

While we don’t expect to see a change in trend, we do think there is room for a normal 50% to 61.8% correction of the recent rally.

The Memphis, Tennessee-based multinational delivery services company FedEx is expected to report its fiscal first-quarter earnings of $5.00 per share, which represents year-over-year growth of about 3% from $4.87 per share seen in the same period a year ago.