Although the Forex market is open all week, Monday is a public holiday in both the U.K. and the U.S.A., as well as most of the rest of Europe, so it should be a very quiet day. Many brokers will not have trading open in certain instruments whose markets are likely to be either completely closed today, or which are closing early, notably in share-based CFDs and U.S. exchange traded Precious Metals contracts.
It is probably going to be a very quiet week. The agenda is likely to be dominated by G7 meetings which will be taking place from Wednesday to Friday inclusive. These meetings can often lead to announcements which reshape market sentiment, so be prepared for sudden announcements during this time. Apart from these meetings, the scheduled data this week is very thin, and will be dominated by U.S. GDP data on Friday and Canadian Rate data and Rate Statement on Wednesday. There is nothing scheduled regarding the Euro, Japanese Yen, or Australian Dollar at all.
U.S. Dollar
There is some U.S. data due this week. Tuesday will see the release of Core Durable Goods Orders and CB Consumer Confidence data. On Thursday there will be an announcement of Unemployment Claims followed Friday by Preliminary GDP.
Canadian Dollar
Wednesday will see the release of the Bank of Canada’s Rate Statement and the Rate itself. This will be followed on Friday by GDP data.
New Zealand Dollar
On Tuesday we will get Trade Balance data. On Friday there will be a release of ANZ Trade Confidence numbers.
British Pound
Thursday will see the release of Second Estimate GDP data.
Australian Dollar
Thursday will see the release of Private Capital Expenditure data.