Look ahead: RBA minutes; eurozone inflation; JOLTS; Sainsbury’s
It’s a big week for FX traders with, JOLTS, NFP, and FOMC minutes on deck. Watch out for minutes from the Reserve bank of Australia on Tuesday. Eurozone inflation and unemployment data could move the euro.
Meanwhile, Sainsbury’s issues a trading statement days before voters head to the polls to elect the next UK government.
(AI Video Summary)
US non-farm payrolls
Angeline Ong previews a critical week for financial markets, focusing on major events like the US non-farm payrolls (NFP), Federal Open Market Committee (FOMC) minutes, RBA minutes, and UK elections. Chris Vecchio from Tastylive highlights potentially shifting expectations of a Federal Reserve (Fed) rate cut due to anticipated job market deceleration.
Forex movements
Meanwhile, political uncertainties in Europe could influence markets, particularly the euro amidst parliamentary elections and the British pound ahead of UK elections, expected to cause significant FX volatility.
Additionally, retail sector traders are watching Sainsbury's amid differing performance across market segments.
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