There is a lighter news schedule this week, which includes input from central banks concerning the GBP and CAD, as well as some fairly important U.S. economic data later in the week.
Markets are still focused on the better than expected U.S. data last Friday which pushed the major U.S. equity index to a weekly close just a few points below its all-time high. Markets are quite active so it is likely to be a good trading market this week.
The key days this week are likely to be Wednesday, Thursday and Friday.
U.S. Dollar
It will be a fairly busy week for the Greenback. Wednesday will see the release of Crude Oil Inventories data. On Thursday we will get PPI and Unemployment Claims data. Finally on Friday there will be releases of CPI, Retail Sales and Preliminary UoM Consumer Sentiment numbers.
British Pound
It will be a crucial week for the Pound, beginning on Tuesday with Inflation Report Hearings. Thursday will see the Bank of England’s monthly data release, concerning the usual Monetary Policy Summary, Official Bank Rate and Votes, and the Asset Purchase Facility. On Friday the Governor of the Bank will be making a speech, but this is expected to be minor.
Canadian Dollar
It will be an important week for the Loonie, beginning on Wednesday with the Bank of Canada’s monthly data release, concerning the usual BOC Monthly Policy Report and Rate Statement, as well as the Overnight Rate, followed by the usual press conference. On Friday there will be a release of Manufacturing Sales data.
Chinese Yuan
It should be a fairly significant week for the Yuan. Wednesday will see the release of Trade Balance data. Friday will see the release of GDP and Industrial Production numbers.
Australian Dollar
It should be a relatively light week for the Aussie, with nothing due except Employment Rate and Unemployment Change data on Thursday.