Three big announcements today could upset the markets and give you boss-like chances.
The land of the rising sun might have put a wad in your pocket if you were on the ball early enough. Did the Japanese go to the shops this month? The household spending announcement at12.30am BST has been in decline for months but forecasts have been off the ball. More chances to play like boss with a JPN monetary policy statement (time tbc) due. This is looking more hawkish. Markets should perk up if the expected stimulus is announced. The Bank of Japan outlook report at 6am could give us a heads up about which way the government is going to jump.
Fail! European banks are freaking today with the 4pm BST announcement from the EBA Bank Stress results. Nerves are going to be frayed as Brexit’s recent spanner in the works could have weakened confidence and the test checks central banks abilities to cope.
More chances to jump on the bandwagon or buck the trend around lunchtime with the US quarterly advance GDP announcement. This can be good for currency trading and is a biggie to make money (or lose it) today. With the US economy on the up and up, and more average Joe’s doing an honest day’s work, we predict a positive advance GDP announcement and a rise in the dollar. But do you know something we don’t?