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.
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