This week will see a relatively light news agenda, similar to last week, with central bank input due from the Bank of Canada, plus minor statements from the European Central Bank and the Bank of Japan, as major economic data releases primarily concerning the U.S. Dollar and the British Pound.
The market will probably be most active on Wednesday and Thursday.
It will be a light but important week for the greenback, starting on Wednesday with a release of Crude Oil Inventories data. On Thursday we will get crucial CPI data.
It will be a very important week for the Loonie, starting on Wednesday with a release of the Bank of Canada’s Monetary Policy Report, Rate Statement and Overnight Rate, followed by the usual press conference.
It will be an important week for the Pound, starting on Tuesday with releases of GDP and Manufacturing Production data. On Wednesday the Governor of the Bank of England will be giving a minor speech.
It will be a moderately important week for the Euro, starting on Monday with the President of the ECB testifying before the European Parliament. On Wednesday he will be making a minor speech. Finally, on Thursday, the ECB will release their recent Monetary Policy Meeting Accounts.
It will be a moderately important week for the Yen, starting on Monday with the Governor of the Bank of Japan’s quarterly briefing to the branches.