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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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Look ahead: Oracle; FirstGroup; UK jobless rate; Australia business confidence

Ahead of the FOMC economic projections and US Federal Reserve meeting, FX traders might find volatility in the pound and the Australian dollar ahead of the latest UK jobless print and business confidence reading from Down Under.

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Oracle is expected to post earnings of $1.65 a share. FirstGroup releases FY earnings.

(AI Video Summary)

Australia and UK data figures

Angeline Ong discusses the upcoming financial indicators and market movements for Tuesday, 11 June. Key points include Australia's NAB business confidence, UK's steady unemployment rate at 4.3%, and potential impacts on the Conservative Party due to the upcoming election. Ong highlights the volatility in the GBP/USD exchange rate, predicting possible British pound weakness tied to US economic signals and Federal Reserve actions.

Oil and earnings report updates

Additionally, she mentions US API crude oil inventories with possible bullish reversal signals for WTI crude oil. Corporate earnings from Oracle and FirstGroup are also highlighted, with Oracle showing a 14% year-to-date gain, outperforming the S&P 500. These insights cater to finance professionals tracking market indices, currency fluctuations, and economic indicators.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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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