There will be a much lighter and less serious news schedule this week compared to last week, with no true central bank action inputs due at all. The week’s news will probably be dominated by U.S. economic data releases and also a key Manufacturing PMI number from China.
The key days this week with the busiest schedules are Wednesday and Thursday. The most volatile period of this week will probably fall here.
U.S. Dollar
The greenback’s week begins on Tuesday with a release of CB Consumer Confidence data, followed on Wednesday by Core Durable Goods Orders, Crude Oil Inventories, and testimony from The Chair of the Federal Reserve before the U.S. Congress. and the usual press conference, as well as Crude Oil Inventories numbers. Finally, on Thursday we will get Unemployment Claims and Final GDP data, while the Chair of the Federal Reserve will be speaking at a conference that day also.
Chinese Yuan
Friday will see the release of Caixin Manufacturing PMI data.
Euro
The Euro’s week begins early on Monday with a release of German IFO Business Climate data. The President of the ECB will also be testifying before the European Parliament this day. On Wednesday he will be speaking before the German the Parliament.
Canadian Dollar
It will be a reasonably light week for the Loonie, starting with a minor speech from the Governor of the Bank of Canada on Tuesday. The true highlight of the week will arrive on Friday with the release of GDP data.
Japanese Yen
It will be a very light week for the Yen with nothing scheduled except a minor speech from the Governor of the Bank of Japan on Thursday.
British Pound
It will be a very light week for the Pound with nothing scheduled except a release of Current Account data on Friday.
Swiss Franc
It will be a very light week for the Swissie with nothing scheduled except a minor speech from the SNB Chair on Monday.