There will be a lighter news schedule this week, compared to last week which was reasonably full. Apart from a minor speech from the President of the European Central Bank on Tuesday, there is no central bank input expected. After a slow start, the week is likely to be dominated by two items of economic data from the U.S.A. due on Friday: Advance GDP and Core Durable Goods Orders. The accession of a new U.S. President may produce some unscheduled waves in the market.
Wednesday is a public holiday in Australia. Friday is a public holiday in China.
The market is likely to be most active from Wednesday through to Friday.
U.S. Dollar
It will be a normal week for the greenback after a slow start, beginning on Wednesday, with the release of Crude Oil Inventories data. Thursday will see the release of Unemployment Claims. Finally, on Friday we will have Advance GDP and Core Durable Goods Orders.
British Pound
It will be a light week for the Pound, focused on Tuesday with the EU Membership Court Ruling, followed by Thursday’s release of Preliminary GDP data.
Euro
It will be a light week for the Euro, starting on Tuesday with a minor speech by the President of the ECB, followed by Wednesday’s release of German IFO Business Climate data.
Australian Dollar
It will be a quiet week for the Aussie, with all the action centered on Wednesday’s release of CPI data.
New Zealand Dollar
It will be a quiet week for the Kiwi, with all the action centered on Thursday’s release of CPI data.