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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 71% 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: Fed reaction; BoE; PMIs; Nike; FedEx

A day after the Fed, the Bank of England is expected to keep interest rates on hold. Economists are still divided on whether or not the UK central bank will deliver its first rate cut as soon as August.

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The US, the UK, and the eurozone release flash manufacturing and services PMIs. US earnings to watch include Nike and FedEx.

(AI Video Summary)

Japan trade balance numbers

This week, there are some important events happening around the world that traders should pay attention to. In Japan, the trade balance numbers show that the country's exports have increased by 5.3% compared to last year, while imports have increased by 2.2%. These numbers give us an idea of how Japan's economy is doing and can affect currency trading.

Australian unemployment rate

Another important event is the unemployment rate in Australia for February. It is expected to decrease to 4.0% from the previous month's 4.1%. This shows the health of Australia's job market and can impact trading of the Australian dollar.

Eurozone, UK and US

In the eurozone, the UK, and the US, there will be manufacturing and services PMIs flash released. These numbers provide insight into the direction of these sectors in each region. For example, Germany, which is part of the eurozone, is still struggling economically, although there are some signs of growth. This information can be useful for traders in the currency market.

BoE interest rate decision

In the UK, the Bank of England's interest rate decision is important as it can give signals about future rate cuts. This information is crucial for traders who are interested in the British pound.

US economic data

In the US, there will be data released about jobless claims, manufacturing index, and existing home sales. These numbers can give us an idea of the health of the US economy and can influence trading decisions.

Earnings reports

Lastly, there are some notable earnings reports that traders should keep an eye on. Companies like Next, Direct Line Insurance, FedEx, Accenture, and Nike will be releasing their financial results. Nike's results are particularly interesting because they are expected to announce a rare drop in sales for the first time in almost two years. This is due to slower consumption and sales in the industry, as well as slower demand in North America.

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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