IG trading the markets

IG trading the markets


Week ahead: US data and Fed rates dominate

April 28, 2024

We’re looking at another busy week ahead. FX traders will have the best opportunity to make money, although earnings are still high on the agenda. By the end of the week, we’ll have a good idea on how the US jobs market is going with payrolls from both the private sector ADP release and labour department numbers with non-farm payrolls. There are also job openings with the JOLTS data. This will all go hand in hand with the US Federal Reserve on a US rate decision on Wednesday. The US dollar will doubtless be at the forefront there. Then the euro is in focus on Tuesday with German and eurozone Q1 GDP, German retail sales and jobs and French CPI. Corporate that could be on the move include all-session US stocks Coca-Cola (KO), Amazon.com (AMZN), McDonald’s (MCD), Pfizer (PFE), and Apple (APPL). In Europe we have HSBC (HSBA), GSK (GSK), Shell (SHEL), Stellantis (STEL), Volkswagen (VOW), Adidas (ADS), and SocGen (GLE). 


Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. 


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