Week ahead: Fed; BoE; BOJ; RBA; inflation; Micron Technology; Next; Nike
FX traders face a tidal wave of monetary policy meetings from the US Federal Reserve, the Bank of Japan, the Bank of England and the Reserve Bank of Australia.
On top of that, we have the latest inflation print from the UK, Canada and Japan. Citi raises Micron Technology’s PT ahead of its results in the coming week. Nike and Next also hand in their report cards.
(AI Video Summary)
Big upcoming week for central banks
Next week is going to be a big deal for central banks, as they have some important decisions to make about interest rates. We'll also see some key economic data being released.
Monday outlook
On Monday, we'll get to see how China's industrial production and retail sales are doing, as well as trade numbers from the eurozone and housing data from the US.
Tuesday outlook
Tuesday is an important day for the Bank of Japan, as they'll be deciding on interest rates. They're worried about wages going up too fast. The Reserve Bank of Australia is also making an interest rate decision that day, and Germany will tell us how their economy is doing with the ZEW economic sentiment indicator. Canada will release their consumer price index too.
Wednesday outlook
There's more to come on Wednesday, with Germany releasing producer price numbers, China showing us their loan prime rate numbers, and the UK giving us inflation figures and retail numbers. We'll also hear from the Federal Open Market Committee (FOMC) about their economic projections and interest rates.
Thursday outlook
On Thursday, Japan will share their trade balance numbers and the Bank of England will make their interest rate decision. Finally, on Friday, Germany will release some important data, Japan will tell us about their consumer price index, and the Baker Hughes oil rig count will be released.
Interview with Anthony Battista
After that, we turn our attention to Anthony Battista in Chicago. He thinks the markets are doing well and that the Federal Reserve is being careful with interest rates. He mentions that things are changing a lot in commodities, like copper, gold, silver, oil, and currencies.
Battista also talks about something called the "triple witching time," which can make things more unpredictable in the next few weeks. Lastly, he mentions that Adobe's stock price dropped because they didn't quite meet expectations.
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