Week Ahead

Plan your strategies for the trading week ahead with key insights from our team.

CFD trading is high risk and may not be suitable for everyone.
Watch Yellen, UK services, ECB, & oil

Friday’s US nonfarm payrolls beat the headline number, but the unemployment rate rose to 5% from 4.9.  This means all eyes will be on Janet Yellen when she speaks next week.

LCG’s Head Analyst Brenda Kelly will also be closely watching UK services PMI on Tuesday and UK manufacturing production, which will be released later in the week.

On Thursday, Mario Draghi will be speaking at the ECB press conference. Despite the diverging monetary policies Brenda says we should see something dramatic from Draghi to drive inflation. German trade balance is also out next week. It's expected to show an even bigger surplus of around 18 billion.

Oil prices are a lot lower at the moment. Brenda will be keeping a close eye on oil inventories on Wednesday. The political ramifications from Iraq are having an impact and this will most likely lead equity markets to the downside.

-NFP’S, Janet Yellen’s speech

-UK services PMI, UK production

-ECB, German trade balance

-Oil inventories, equity markets