This week can be expected to be much less significant than the previous week, with Central Bank input due concerning the Australian Dollar on Tuesday and concerning the New Zealand Dollar on Thursday, with Janet Yellen of the Federal Reserve giving a speech on Monday.
It looks as if the major activity and volatility is going to be spread fairly evenly throughout the week, with a slight bias towards the second half of the week.
U.S. Dollar
It looks like being a quieter week for the Greenback after last week’s NFP drama. Monday will see the Chair of the Federal Reserve speaking about economic outlook and monetary policy which could have major market impact in the wake of greatly increased bearishness on the U.S. Dollar. Later, on Wednesday, we will get Crude Oil Inventories data. Thursday will see the release of Unemployment Claims data. Finally, Friday will see the release of Preliminary UoM Consumer Sentiment numbers.
Australian Dollar
It will be an important week for the Aussie, with the RBA Statement and Cash Rate data due on Tuesday.
New Zealand Dollar
It will be an important week for the Kiwi after Monday’s public holiday, with the RBNZ Statements and Official Cash Rate data due on Thursday, followed by the usual Press Conference and speech by the Governor.
Canadian Dollar
It will be a fairly light week for the Loonie, with a speech by the Governor of the Bank of Canada on Thursday, followed by Employment Change and Unemployment Rate data on Friday.
Chinese Yuan
Chinese Trade Balance data is due on Wednesday.
Euro
It will be a very light week for the Euro, with nothing due except a speech by the President of the ECB on Thursday.
British Pound
It will be a very light week for the British Pound, with nothing due except Manufacturing Production data on Wednesday.