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.
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