This week will see a heavier news agenda, with major central bank input expected from the U.S Federal Reserve, from the Bank of England, and from the Reserve Banks of Australia and New Zealand. There will be G20 meetings during the early part of the week. Additionally, there will be some key economic data releases concerning primarily the Canadian and Australian Dollars, as well as the British Pound.
The market will probably be most active on Wednesday and Thursday.
U.S. Dollar
It will be an important week for the greenback, starting on Wednesday with releases of the FOMC Economic Projections, Statement and Federal Funds Rate, followed by the usual press conference. There will also be a release of Crude Oil Inventories data. Finally, Friday will bring a release of Core Durable Goods Orders.
British Pound
It will be an important week for the Pound, with Tuesday seeing the release of CPI data. Wednesday brings the release of the Average Earnings Index numbers. Finally, on Thursday we will get Retail Sales data, and the Bank of England’s Official Bank Rate / Votes and Monetary Policy Summary.
Australian Dollar
It will be a reasonably important week for the Aussie, with the release of the RBA’s Monetary Policy Meeting Minutes on Tuesday and the release of Employment Change and Unemployment Rate data on Wednesday.
New Zealand Dollar
It will be a quiet week for the Kiwi, with nothing due except the Reserve Bank of New Zealand’s Rate Statement on Wednesday.
Canadian Dollar
It will be a reasonably quiet week for the Loonie, with nothing due except CPI and Retail Sales data on Friday.