Can tech Alphabet giants and Apple keep the Nasdaq rally going?

This season's results saw outperform tech tech seen up to now with the street buying stocks of FAANG stock. Technology profit reports impressed the whole with some exceptions from Intel Corporation and International Business Machines Corporation.

On Monday, Google's parent company Alphabet Inc. reports after closing. Expectations are for a decline in earnings per share after taking a $ 1.7 billion antitrust fine from the EU. The turnover is expected to remain strong with an annual gain of just over 21% to more than $ 30 billion. Facebook's results lead many badysts to believe that Google should see strong mobile ads.

Apple offers its results after Tuesday and investors will focus on service growth. At the beginning of the year, the manufacturer of the iPhone delivered a warning that triggered the low for technology stocks. Wall Street is looking for clarity on China's weak iPhone and whether growth in service companies can continue to ease declining handset sales. The consensus is for EPS to plummet to $ 2.37 and revenues to slide over 5% to $ 57 billion.

The Nasdaq ended last week on a record level and the sequence can continue if we see good results in both Alphabet and Apple. The focus will however not only fall on the outcome as a Fed rate decision is expected in the middle of the week and traders will look to see if China and the United States can keep things constructive on the plan commercial.

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With more than 20 years of commercial experience, Ed Moya is a market badyst at OANDA. It produces an up-to-date fundamental badysis of geopolitical events and monetary policies in the United States, Europe, the Middle East and North Africa. During his career, he has worked with some of the world's leading currency brokers and research departments, including Global Forex Trading, FX Solutions and Trading Advantage. Most recently, he has worked with TradeTheNews.com, where he has provided market badysis on economic data and news of the company. Based in New York, Ed is a regular guest on several major financial television networks, including BNN, CNBC, Fox Business and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a Bachelor's degree in Economics from Rutgers University. Follow Ed on Twitter @edjmoya