This week will see a very light news agenda compared to last week, with central bank input due only from the European Central Bank. There will also be a few major economic data releases primarily concerning the U.S. and Australian Dollars.
The market will almost certainly be most active on Thursday and Friday.
U.S. Dollar
It will be a light but possibly significant week for the greenback, starting on Wednesday with a release of Crude Oil Inventories data. Thursday will bring Core Durable Goods Orders. Finally, on Friday, we will get the most important data, Advance GDP.
Euro
It will be an important week for the Euro, with everything happening on Thursday with a release of the ECB’s Main Refinancing Rate, followed a little later by the usual press conference.
Australian Dollar
It will be a light but important week for the Aussie, all happening on Wednesday with a release of CPI data.