By: DailyForex
This week will have a relatively full news agenda, including some items of key U.S. data. The agenda will be dominated by monthly policy commentaries and bid rates from the Bank of England and the Swiss National Bank. Therefore, volatility this week should be at a similar level to last week, helped by the fact that the typically thin summer period is over. It may be that the degree of damage which may be caused to the U.S.A. by Hurricane Irma this week could have a major impact upon the Forex market via the U.S. Dollar.
The market will probably be most active on Thursday, and Friday to a lesser extent.
Monday is a public holiday in the U.S.A. and Canada.
U.S. Dollar
It will be a reasonably busy week for the greenback, starting on Wednesday with a release of PPI and Crude Oil Inventories data. On Thursday, we will get Unemployment Claims and CPI numbers. Finally, Friday will bring Retail Sales data.
Chinese Yuan
It will be an important week for the Yuan, with Industrial Production data due on Thursday.
British Pound
It will be an important and busy week for the British Pound, starting on Tuesday with a release of CPI data. On Wednesday, we will get Average Earnings Index numbers. Thursday is the big day, with the Bank of England’s Official Bank Rate, Monetary Policy Summary, and Official Bank Rate Votes. brings a release of Manufacturing Production numbers.
Swiss Franc
It will be an important week for the Swissie, with the Swiss National Bank’s Monetary Policy Assessment and Libor Rate due on Thursday.
Australian Dollar
It will be a typical week for the Aussie, all due on Thursday with a release of Employment Change and Unemployment Rate data.