Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Look ahead: Eurozone producer price index; US trade balance; Conagra

Eurozone inflation figures could prompt volatility in the euro. Look out for US trade balance and initial jobless claims figures ahead of Friday’s NFP. Conagra Brands is expected to report a 2.5% fall in quarterly revenue.

Video poster image

(Partial Video Transcript)

Eurozone PPI data

Angeline Ong: Hello, I'm Angeline Ong and welcome to your “Look ahead” to Thursday, the 4th of April. Now, we begin with eurozone data as the producer price index that could make things a little interesting, especially given we are expecting for February at least a -0.5% month-on-month reading. What is also key is the commentary that could come out from some speakers this week as to whether or not the ECB might move ahead of the Fed in terms of cutting rates. The Fed still seemed likely to make its first rate cuts in June.

US trade balance numbers and initial jobless claims

Speaking of which, we've got trade balance numbers and also initial jobless claims out of the US. Just taking a look at the dollar index for you first, because this is very much tied to that key data that we are waiting for on Friday, which is the non-farm payrolls. Just taking a look at the dollar index for you first, because this is very much tied to that key data that we are waiting for on Friday, which is the non-farm payrolls.

If you search online, you'll see an article by my colleague Chris Beauchamp indicating that he is expecting robust jobs growth in the March employment report. Now, if we do get a hot, hot, hot number, then perhaps we could see further upside for the US dollar. It has been sort of making a sideways rangebound movement there. However, we are looking very closely at the last few sessions because if I draw my line there you can see that there is a potential breakout there. We haven't yet quite seen confirmation of that, but volumes are likely to regain more traders this coming Friday, given we've got that NFP number.

(Watch the video for the full "Look ahead" episode)

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. See full non-independent research disclaimer and quarterly summary.

Start trading forex today

Find opportunity on the world’s most-traded – and most-volatile – financial market.

  • Trade spreads from just 0.6 points on EUR/USD
  • Analyse with clear, fast charts
  • Speculate wherever you are with our intuitive mobile apps

See an FX opportunity?

Try a risk-free trade in your demo account, and see whether you’re onto something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See an FX opportunity?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from just 0.6 points on popular pairs
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See an FX opportunity?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.