There will be a somewhat heavier news schedule this week compared to last week, dominated by key central bank actions concerning the Euro, Canadian Dollar and the Australian Dollar. There will also be some key economic data releases mostly concerning the U.S. Dollar and the British Pound.
The key day this week with the busiest schedule is Thursday.
Note that Monday is a major public holiday in the United States, so trading volumes are quite likely to be light between the London close and the Tokyo open.
U.S. Dollar
After Monday’s public holiday, the Greenback will have a fairly light schedule this week commencing on Tuesday with the release of ISM Non-Manufacturing PMI data, followed on Thursday by Unemployment Claims and Crude Oil Inventories numbers.
Chinese Yuan
It will be a significant week for the Yuan, centered upon the release of Trade Balance data on Thursday.
Euro
It will be an important week for the Euro, with the release of the key Minimum Bid Rate on Thursday, followed by the usual crucial press conference.
Australian Dollar
It will be a very important and busy week for the Aussie, starting on Tuesday with the RBA’s announcement of the Cash Rate and the release of the monthly Rate Statement, followed by the release of GDP data on Wednesday. On Thursday we will get Trade Balance numbers.
Canadian Dollar
After Monday’s public holiday, the Loonie will have a fairly busy schedule this week commencing on Wednesday with the Bank of Canada’s important monthly releases of the Overnight Rate and Rate Statement. Friday will see the release of Employment Change and Unemployment Rate data.
British Pound
It will be a reasonably active week for the Pound starting on Monday with the release of Services PMI numbers. On Wednesday we will get Manufacturing Production data and Inflation Report Hearings will be held in Parliament.
New Zealand Dollar
It will be a very light week for the Kiwi with nothing scheduled except the GDT Price Index on Tuesday.
Swiss Franc
It will be a very light week for the Swissie with nothing scheduled except some opening remarks from the SNB’s Chair at an event on Tuesday. This is not expected to be significant.