Week ahead: FOMC minutes; ECB; RBNZ; BoC; US banks bonanza
Interest rate decisions from the eurozone, Australia, and Canada, plus FOMC minutes could make it interesting for FX traders in the coming week.
Plus, Tesco, Delta along with Citi, JPMorgan Chase and Wells Fargo kick off the earnings season. Watch out for a written US banks earnings preview from IG’s Shaun Murison on IG.com.
(AI Video Summary)
Overview for the week ahead
This week's economic highlights include key data releases such as trade balances, industrial production from Germany, consumer inflation expectations in the US, and retail sales in the UK. Special attention is on central bank decisions, with potential rate cuts from both the ECB and Fed under speculation. US Treasuries are in focus due to shifting expectations for Fed rate actions, stirring market volatility. The earnings season is kicking off, particularly for US banks, with performance expectations high amid a backdrop of rising commodity prices and market highs. This period marks a pivotal moment for financial markets, with inflation concerns, central bank decisions, and corporate earnings poised to influence market movements.
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.
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