There will be a significantly lighter news schedule this week compared to last week, with no real input due from any major central banks. However, there will be some important testimony from the heads of the Bank of England and the European Central Bank. The week’s agenda is likely to be dominated by a few important economic data releases from the U.S. The busiest and most volatile day of this week will probably be Thursday.
Monday is a public holiday in New Zealand.
U.S. Dollar
The greenback’s week begins on Tuesday with the release of CB Consumer Confidence data. On Wednesday, we will get Crude Oil Inventories numbers, then on Friday, Unemployment Claims and Core Durable Goods Orders.
Euro
It will be a light week for the Euro, with nothing due except German IFO Business Climate data and a speech from the President of the European Central Bank on Tuesday.
British Pound
It will be a light but important week for the Pound, with the Governor of the Bank of England due to testify before Parliament about the economic consequences of Brexit on Tuesday, followed by Preliminary GDP numbers on Thursday.
Canadian Dollar
It will be a light but important week for the Loonie, with the Governor of the Bank of Canada due to testify before Parliament’s Standing Committee on Finance this Monday.
Australian Dollar
It will be a light week for the Aussie, with nothing due except a release of CPI data on Wednesday.