This week will be dominated by high-impact U.S. data, including one of the primary market highlights of the month, the FOMC Statement and Federal Funds Rate. Therefore, volatility this week should be somewhat higher than it was last week.
The market will probably be most active on Wednesday.
U.S. Dollar
It will be a very important and busy week for the greenback, starting on Tuesday with a release of CB Consumer Confidence data. Wednesday will bring the week’s highlight, with the FOMC’s release of its monthly Statement and Federal Funds Rate, as well as Crude Oil Inventories data. There will be a release of Unemployment Claims and Core Durable Goods Orders numbers on Thursday. Finally, Friday will bring a release of Advance GDP data.
Australian Dollar
It will be a reasonably important week for the Aussie, with a release of CPI data due on Wednesday, as well as a speech by the Governor of the Reserve Bank of Australia.
British Pound
It will be a quiet week for the British Pound, with nothing due except preliminary GDP data on Wednesday.
Canadian Dollar
It will be a quiet week for the Loonie, with nothing due except GDP data on Friday.