This past week has been fairly dramatic, as expected, with major news and strongly moving markets affected by a decisive “risk off” sentiment. This coming week ahead should be much quieter as there is far less important news due, so the recent strong movements are quite likely to tail off.
The big days are going to be Thursday and Friday. We will get the Bank of England’s monthly input to the outlook and interest rate for the British Pound on Thursday. Then on Friday there will be a few crucial items of U.S. economic data. However apart from the Australian dollar, there are not really any other currencies with anything of importance going on, with the exception of China.
U.S. Dollar
The greenback’s week begins on Wednesday with a release of Crude Oil Inventories data. Thursday will see the release Unemployment Claims numbers. The big day will be Friday when we will get Retail Sales, PPI, and Preliminary UoM Consumer Sentiment data.
British Pound
Tuesday will see the release of Manufacturing Production data. The big day for the Pound this week will be on Thursday when the Bank of England will release its Monetary Policy Summary, Official Bank Rate, and MPC Official Bank Rate Votes.
Australian Dollar
There is nothing much due for the Aussie except Thursday will see the release of Unemployment Rate and Employment Change data.
China
On Wednesday China will release Trade Balance data, which could be significant in the current market climate.