IG’s week ahead: Q4 earnings; BoJ, ECB, BoC rate decisions

IG trading the markets

English - January 21, 2024 18:00 - 9 minutes - 8.34 MB - ★★★★★ - 1 rating
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Previous Episode: ‘Markets need to accept recalibration of rate cut expectations’ – Versace

Next Episode: ‘Geopolitics to drive investor positions in 2024’ – Bright

Three central bank decisions are on the agenda in the coming week so FX traders could be in for some interesting opportunities. First the Bank of Japan (BoJ) is expected to leave rates ultra-loose, however start looking for tentative signs that the hawks are in the wings. Meanwhile, the Bank of Canada (BoC) and the ECB are also on the agenda, and while rate cuts have been mentioned, it’s still expected to be sometime away, possibly Q3 in the case of the ECB. Outside of this the first PMI data for the year is being published in Japan, across the eurozone, the UK and the US so economists will have a better idea as to how various economies, outside of Japan, are coping with high rates. Then its earnings. All-sessions stocks to watch for in the US include NFLX, INTC, VISA, PG, JNJ, GE, IBM, AAL, AXP, and UAL alongside double the number not all-sessions traded. In Europe watch BMW, EZJ, AO, JDW, ASML, SAP, HFD, SMWH, TLW, and FRES to name just a few.

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