Weekly Economic & Political Timeline - 14 August 2016

There will be a much heavier news schedule this week compared to last week, which includes crucial central bank input from the Federal Reserve concerning the U.S. Dollar (the monthly FOMC statement), as well as a key U.S. data tranche. The Reserve Bank of Australia will also be releasing its Monetary Policy Meeting Minutes.

The key days this week are likely to be Wednesday (FOMC release) and Tuesday (slew of U.S. data plus RBA release).

Monday is a public holiday in France and Italy.

U.S. Dollar

It will be a crucial week for the Greenback, dominated by the release on Wednesday of the FOMC Meeting Minutes, as well as Crude Oil Inventories data. Earlier, on Tuesday, we will get CPI and Building Permits numbers. Finally, Thursday will see the release of Unemployment Claims and the Philly Fed Manufacturing Index.

Australian Dollar

It will be a fairly important week for the Aussie, dominated by the release of the RBA’s Monetary Policy Meeting Minutes on Tuesday. On Thursday we will get data for the Unemployment Rate and Employment Change numbers.

New Zealand Dollar

It will be a fairly busy week for the Kiwi, focused on Tuesday and Wednesday seeing releases of the GDT Price Index, Employment Change, Unemployment Rate and PPI Input data.

British Pound

It will be a moderately busy week for the Pound, starting on Tuesday with the release of CPI data. On Wednesday we will see Average Earnings Index and Claimant Count Change numbers, followed on Thursday by Retail Sales data.

Canadian Dollar

It will be a moderate week for the Loonie, starting on Tuesday with a release of Manufacturing Sales data. On Friday we will get Core CPI and Core Retails Sales numbers.

Euro

It will be a very light week for the Euro, with nothing due except German ZEW Economic Sentiment data on Tuesday.

Japanese Yen

It will be a very light week for the Yen, with nothing due except Preliminary GDP data on Monday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.