The coming week ahead is likely to produce a similar level of market interest to last week, as although there is not such a very large volume of high-impact data expected, there will be key central bank actions coming concerning the Euro, the Canadian Dollar, and the New Zealand Dollar. It looks as if Wednesday will probably be the key day of the week.
U.S. Dollar
There is very little due for the Greenback this week. There will be a release of Crude Oil Inventories data on Wednesday followed by Unemployment Claims data on Thursday.
Euro
The ECB will announce its Minimum Bid Rate followed by the usual press conference on Thursday.
Canadian Dollar
It will be an important week for the Loonie, with the Bank of Canada’s Rate Statement and Overnight Rate due for release on Wednesday, and finally, Employment Change and Unemployment Rate data on Friday.
New Zealand Dollar
It will be an important week for the Kiwi, with the Reserve Bank of New Zealand’s Rate Statement and Official Cash Rate due for release on Wednesday, followed by the usual press conference and testimony before Parliament by the Governor of the Bank.
Chinese Yuan
It will be a fairly busy week of Chinese data. Tuesday will see the release of Trade Balance data. Thursday will see the release of CPI data. Finally on Saturday there will be a release of Industrial Production data.
British Pound
It looks like being a very quiet week for the Pound, with the Governor of the Bank of England due to testify before Parliament on European Union membership on Tuesday. Manufacturing Production data will be released on Wednesday.
Japanese Yen
It will be a very quiet week for the Japanese Yen. On Monday the Governor of the Bank of Japan will be speaking at an event and that is the only high-impact event scheduled for the entire week.