There will be a somewhat heavier news schedule this week compared to last week, with major central bank input due from the European Central Bank, the Reserve Bank of Australia and the Bank of Canada. This week’s agenda will almost certainly be dominated by input from the European Central Bank, due on Thursday, which should also be the most active day for the market this week.
U.S. Dollar
It will be a relatively normal week for the greenback, beginning on Monday with the release of ISM Non-Manufacturing PMI data. Wednesday will see the release of Crude Oil Inventories. Thursday will bring Unemployment Claims, then the week ends on Friday with Preliminary UoM Inflation Expectations numbers.
Euro
It will be an important week for the Euro, beginning on Sunday with the Italian Referendum on constitutional amendment. Thursday will see the ECB announcement the Minimum Bid Rate, followed by the usual Press Conference.
Canadian Dollar
It will be an important week for the Loonie, beginning on Tuesday with the release of Trade Balance data. Wednesday will see the release of the Bank of Canada’s Rate Statement and Overnight Rate.
Australian Dollar
It will be an important week for the Aussie, beginning on Tuesday with the RBA’s announcement of the Cash rate and release of the RBA Rate Statement. On Wednesday we will get GDP data.
New Zealand Dollar
It will be an important week for the Kiwi, starting on Tuesday with the release of the GDT Price Index. On Wednesday, the Governor of the RBNZ will be testifying before Parliament.
Chinese Yuan
It will be an important week for the Yuan, with the release of Trade Balance data on Thursday.
British Pound
It will be a light week for the Pound, starting with the release of Services PMI data on Monday, followed by Manufacturing Production numbers on Wednesday.