Look ahead: Japan trade balance figures; UK inflation; ASML; Alcoa; Rio Tinto
FX traders brace for Japan trade balance figures as the yen heads deeper into oversold levels. Sterling may move on UK consumer price and producer price data.
Watch out for trading statements from Hays and Entain, and Q1 earnings from ASML. Plus, the mining industry swings into focus with numbers from Rio Tinto and Alcoa.
(AI Video Summary)
Upcoming Japanese trade balance figures
In the financial "Look ahead" to Wednesday, 17th April, key focus areas include Japan's expected narrowing trade deficit to ¥280 billion and heightened pullback risks for the Japanese yen due to an overbought RSI indication, mirroring past patterns. UK's inflation and producer prices, alongside US crude oil inventories and Federal Reserve's page book, will provide insights into potential central bank moves, particularly rate cuts. Corporate earnings are also in the spotlight, with expectations of a quarterly sales dip for Alcoa, amongst others, and mixed analyst ratings reflecting cautious market sentiment.
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