There will be a slightly heavier news schedule this week, compared to last week which was very light. The only central bank inputs expected this week are from the U.S.A. and Australia, but the American input is the FOMC Meeting Minutes release which in recent years is typically the major item which moves the market the most. This is likely to dominate the week’s agenda.
The market is likely to be most active on Tuesday and late on Wednesday.
U.S. Dollar
It will be an important but light week for the greenback after Monday’s public holiday, beginning on Wednesday will the release of the recent FOMC Meeting Minutes. Thursday will see releases of Unemployment Claims and Crude Oil Inventories numbers.
Australian Dollar
It will be an important and busy week for the Aussie, starting on Tuesday with the release of the Reserve Bank of Australia’s Monetary Policy Meeting Minutes, followed later the same day by a minor speech from the Governor of the Bank. On Thursday, we will get Private Capital Expenditure numbers. Finally, on Friday the Governor of the Bank will testify before Parliament.
Canadian Dollar
It will be a light week for the Loonie, with nothing due until Wednesday’s release of Core Retail Sales data. On Friday, we will get CPI numbers.
New Zealand Dollar
It will be a light week for the Kiwi, starting on Monday with a release of PPI Input data. On Tuesday, we will get GDT Price Index numbers.
British Pound
It will be a very light week for the Pound, with nothing at all due except Wednesday’s Second Estimate of GDP data.