This week will see a heavier news agenda than last week, with the key items coming from the European and Japanese central bank, plus key economic data releases from the U.S., the U.K., and Canada.
The market will probably be most active on Friday.
It will be an important week for the greenback, centered on Friday’s release of Advance GDP and Core Durable Goods Orders data. On Wednesday, there will also be a release of Crude Oil Inventories data.
It will be an important week for the Euro, with the ECB releasing its Minimum Bid Rate, followed by the usual press conference, on Thursday.
It will be an important week for the Yen, with the Bank of Japan releasing its Monetary Policy Statement, Outlook Report, and Policy Rate on Tuesday, followed by the usual press conference. The Governor of the Bank of Japan will also be speaking at Davos on Friday.
It will be a reasonably important week for the Pound, starting on Wednesday with a release of Average Earnings Index data. On Friday, we will get Preliminary GDP numbers.
It will be a reasonably important week for the Loonie, starting on Thursday with a release of Core Retail Sales data. On Friday, we will get the CPI number.
New Zealand Dollar
It will be a very light week for the Kiwi, with nothing due except a CPI data on Wednesday.