Look ahead: Bank of Japan interest rate decision; UK consumer confidence; NatWest; TotalEnergies; Chevron; ExxonMobil
Watch USD/JPY as the we get closer to the key 155 level. The Bank of Japan is widely expected to keep interest rates on hold, but watch out for a hawkish quarterly outlook. NatWest reports results out of the UK.
Plus, the energy reporting diary on Friday is dominated by Chevron, ExxonMobil and TotalEnergies.
(AI Video Summary)
UK consumer confidence data and BOJ interest rate decision
Angeline Ong previews the financial outlook for Friday, 26 April, highlighting the UK's slightly improved consumer confidence and the anticipated impact of the Bank of Japan's interest rate decision and quarterly outlook on the USD/JPY pair, nearing a key psychological level. She also touches on weaker than expected US GDP affecting the US dollar and stock indices, with Fed rate cut expectations possibly diminishing.
Oil markets
Ong notes a stable situation in oil markets despite geopolitical tensions, and ahead of corporate earnings, including NatWest's positive performance trends and major energy firms' strategic divergences in investments. She also briefly mentions corporate earnings from Colgate-Palmolive and AbbVie, emphasising the significant influence of upcoming financial data and corporate earnings on market sentiments and trading strategies.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
