Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Look ahead: RBA; retail sales; UBS; BP; Snap

The Reserve Bank of Australia is widely expected to keep interest rates unchanged, but its stance on getting inflation back to target may prompt volatility in AUD/USD.

Video poster image

Brace for retail sales figures from Britain and the eurozone. Key earnings come from UBS, BP, Ford and Snapchat-parent Snap.

(AI Video Summary)

Interest rates updates

The Reserve Bank of Australia is expected to keep interest rates steady, but their decision could be influenced by the latest inflation data. There is a possibility that rates may need to be raised later in the year. On the other hand, the US Federal Reserve is considering cutting rates in the spring. These decisions could have an impact on trading news concerning the Australian dollar and the US dollar.

Retail sales updates

In the UK, there is an expectation of a 1.7% increase in retail sales for January, while the eurozone is likely to see a decrease of 0.8% in retail sales for December. These numbers will give us an idea of how the retail sector is performing in Europe.

Oil updates

In the US, it is worth keeping an eye on the API crude oil inventories as oil prices are currently falling. The focus is on demand rather than supply, but tensions in the Middle East could still affect prices. The US is actively trying to ease these tensions.

Earnings season updates

Earnings season is in full swing in the UK, with BP reporting their fourth quarter earnings. Shell's recent announcement about impairment charges caused both their own and BP's shares to fall. However, Shell's shares have seen a 10.5% gain so far in 2023.

In Europe, the focus will be on the banking sector, particularly UBS, which will be releasing their earnings for the fourth quarter. Other notable companies reporting earnings include Spotify and Metro AG . In the US, Ford Motor's fourth quarter earnings will be of interest, especially in light of Tesla's lower growth expectations.

Snap, the parent company of Snapchat, has experienced a decline in their stock since 2021, but it has been slowly climbing back up since October. Wells Fargo upgraded the stock, mentioning positive advertising growth since Apple implemented their privacy initiatives. The market will also be closely watching Snap's use of artificial intelligence, as decisions related to AI could impact the stock.

Lastly, Eli Lilly, Hertz Global, and Omnicom will all be releasing their fourth quarter earnings.


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.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

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 CFDs.

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