By: DailyForex
This week will see a much heavier news agenda than last week, with central bank input due from the U.S.A., the Eurozone, and Japan, plus major economic data releases concerning the U.S. Dollar, the British Pound, and the Australian Dollar.
The market will probably be most active on Wednesday and Thursday, and to a lesser extent on Friday also.
Monday will be a public holiday in Australia.
U.S. Dollar
It will be a busy and very important week for the greenback, starting on Tuesday with a release of CPI data. On Wednesday we will get PPI numbers, Crude Oil Inventories, and the FOMC Statement, Federal Funds Rate, and Projections followed by the usual press conference. On Thursday, there will be a release of Retail Sales data.
Euro
It will be an important week for the Euro, with everything happening on Thursday when we will see releases of the Main Refinancing Rate followed by the usual ECB Press Conference.
Japanese Yen
It will be an important week for the Yen, with everything happening on Friday when we will see releases of the Bank of Japan’s Policy Rate and Monetary Policy Statement, followed by the usual press conference.
British Pound
It will be an important and busy week for the Pound, starting with a release of Manufacturing Production data on Monday, followed by Average Earnings Index numbers on Tuesday. On Wednesday we will get CPI data, followed on Thursday by Retail Sales numbers.
Australian Dollar
It will be a relatively normal week for the Aussie, starting on Wednesday with a minor speech from the Governor of the RBA. On Thursday we will get Employment Change and Unemployment Rate data.