By: DailyForex
There will be a much heavier amount of high-impact news scheduled this week, compared to last week which was relatively light. There is central bank input expected this week from the U.S. Federal Reserve, the Bank of Japan, the Swiss National Bank, and the Bank of England, which suggests this week is going to see a great deal of market movement and activity. The FOMC data and the Bank of Japan Statement are likely to dominate the market this week.
The market will probably be most active on Wednesday and Thursday.
U.S. Dollar
It will be an enormously busy and important week for the greenback, beginning on Tuesday with the release of PPI data. On Wednesday, we will get the FOMC Federal Funds Rate, Economic Projections, and Statement, as well as CPI, Retail Sales, and Crude Oil Inventories data. Thursday will see the release of Building Permits, Unemployment Claims, and the Philly Fed Manufacturing Index numbers. Finally, on Friday, we will get Preliminary UoM Consumer Sentiment data.
Japanese Yen
It will be a light but important week for the Yen, with nothing due except Thursday’s release of the Bank of Japan’s Monetary Policy Statement and Policy Rate, followed by the usual Press Conference.
British Pound
It will be an important week for the Pound, starting on Wednesday with releases of the Average Earnings Index and the Claimant Count Change. The big day arrives on Thursday, with the Bank of England’s Monetary Policy Summary, Official Bank Rate, and the MOC’s Votes.
Swiss Franc
It will be a light but important week for the Swiss Franc, with nothing due except Thursday’s release of the Swiss National Bank’s Monetary Policy Assessment and LIBOR Rate, followed by the usual Press Conference.
Chinese Yuan
It will be a normal week for the Yuan, with Tuesday seeing a release of Industrial Production data.
Australian Dollar
It will be a reasonably light week for the Aussie, centered on Thursday with a release of Employment Change and Unemployment Rate numbers.
Euro
It will be a light week for the Euro, with nothing due except a speech from the President of the European Central Bank at a conference on Monday.
Canadian Dollar
It will be a light week for the Loonie, with nothing due except a release of Manufacturing Sales data on Monday.
New Zealand Dollar
It will be a light week for the Kiwi, with nothing due except a release of GDP data on Wednesday.