Oracle Earnings, ECB Decision, and US CPI Data on Tap This Week
The week ahead in finance will be marked by several key events that could impact markets. Oracle is set to release its first-quarter earnings on Thursday, September 10, with analysts expecting a significant increase in revenue and capital expenditure.
However, traders are cautious due to the options market implying a potential 9.5% move following the results. If Oracle's shares break above $157, they may reach $180, while a drop below $150 could trigger a decline towards $120.
The European Central Bank (ECB) is also expected to make its interest-rate decision on Thursday, with markets pricing in an almost 100% chance of a rate hike. The ECB's guidance will have a significant impact on the EUR/USD pair and could potentially weaken the euro if it takes a dovish tone.
The US Consumer Price Index (CPI) report for August is also due out on Friday, September 11. Analysts expect headline CPI to rise by 0.4% month-on-month in August, which could put pressure on the Federal Reserve to raise interest rates later this month.