The key market events for spread betting in the week of April 18th to the 22nd.

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Tech Stocks


Top of the pile for the week ahead are some big earnings release from Silicon Valley. IBM posts its Q1 figures on Monday. ​Big Blue, on a steady downward path for the last three years, has enjoyed a major rally year-to-date and investors are looking for signs that this can be sustained.  Next up on Tuesday is chip-maker Intel, which is followed on Thursday by behemoth Alphabet, the new name for Google’s parent company. On the FTSE, we have Arm Holdings reporting on Tuesday.

Other Earnings Releases


Tech stocks may grab the headlines but there is plenty of more earnings fodder on the horizon. Look out for PepsiCo and Coca Cola, which post updates on Monday and Thursday respectively. Key to both these firms will be how they’ve weathered currency headwinds. Financials are still action, with Morgan Stanley among the big US banks releasing earnings. Stocks are a bit sideways in Q2 and investors are looking for some direction from earnings. There has been some talk of an earnings beat on Wall Street pushing up the S&P 500 to a fresh record high, but such ambitions may be easily quashed.

ECB


In forex trading, the chief event is the European Central Banks’s (ECB) meeting on Thursday. Signals are pretty mixed at the moment. Pressure on negative rate policies is mounting. It would be a brave Mario Draghi to push that one further just yet. Revisions to inflation data mean the Eurozone didn’t enter deflation in March, offering a bit of respite and increasing the likelihood that that ECB will stand pat. But downbeat industrial production figures showed factory output dropped 0.8% in February. Eurogroup meetings of Eurozone finance ministers get underway on Friday.

Eurozone PMIs


A day after the ECB meeting sees the release of a slew of PMI releases for the Eurozone, including reports on France and Germany. Despite the doom and gloom, the most recent services report for the bloc beat expectations. Coming so soon after the ECB, there could be a bit of volatility in euro pairs as traders respond.

Commodity Currency Action

For popular commodity currency trades like the AUDUSD and USDCAD, there could be a bit of movement off the back of central bank activity.

Canadian dollar - Canada’s central bank voted to leave rates at 0.5% this month but investors will want to see what governor Stephen Poloz has to say about monetary policy on Tuesday. Inflation figures are out Friday.

Australian dollar - minutes from the Reserve Bank of Australia’s latest policy meeting are out on Tuesday morning, while governor Glenn Stevens is due to speak at the Credit Suisse Global Macro Conference in New York later that day.