By: DailyForex.com
There will be a much lighter news schedule this week compared to last week, with major input due from only one major central bank, the Reserve Bank of New Zealand. However, there is no doubt that this week’s agenda will be completely dominated by the U.S. Presidential Election which takes place on Tuesday, and as the results become known into Wednesday financial markets are quite likely to begin making meaningful directional movements.
There is little other data due this week.
Friday is a public holiday in both the U.S.A. and Canada.
U.S. Dollar
It will be a huge week for the greenback, beginning on Tuesday with the U.S. Presidential Election. On Wednesday, we will get Crude Oil Inventories numbers. Thursday will see a release of Unemployment Claims data. Finally, on Friday the data concerning the Preliminary UoM Consumer Sentiment survey will be released.
New Zealand Dollar
It will be an important week for the Kiwi, centered entirely on Wednesday, with the Reserve Bank of New Zealand releasing its monthly Monetary Policy Statement, Rate Statement, and Official Cash Rate, followed by the usual Press Conference.
Chinese Yuan
It will be a reasonably important week for the Yuan, with nothing due except a release of Trade Balance data on Tuesday.
British Pound
It will be a very light week for the Pound, with nothing due except Manufacturing Production data on Tuesday.
Canadian Dollar
It will be a very light week for the Loonie, with nothing due except a speech by the Governor of the Bank of Canada at a panel discussion in Chile on Friday.