This week will see a slightly heavier news agenda compared to last week, with central bank input due only from the Reserve Bank of Australia, plus testimony from the U.S. Federal Reserve and the Bank of England. There will also be a few major economic data releases primarily concerning the U.S. Dollar, the British Pound, the Canadian Dollar, and the Chinese Yuan.
The market will probably be most active on Tuesday.
U.S. Dollar
It will be a light but possibly significant week for the greenback, starting on Monday with a release of Retail Sales data. On Tuesday and Wednesday the Chair of the Federal Reserve will be testifying before Congress on the semiannual Monetary Policy report, and the latter day will also see the release of Crude Oil Inventories data.
Australian Dollar
It will be a light but important week for the Aussie, starting on Tuesday with a release of the Reserve Bank of Australia’s Monetary Policy Meeting Minutes. On Thursday, we will get Employment Change and Unemployment Rate data.
Chinese Yuan
It will be an important week for the Yuan, with a release of Chinese GDP data due on Monday.
British Pound
It will be an important week for the Pound, starting on Tuesday with the Governor of the Bank of England testifying before Parliament on the Financial Stability Report, and a release of Average Earnings Index data. On Wednesday we will get CPI (inflation) numbers. Finally, Thursday brings a Retail Sales data release.
Canadian Dollar
It will be a light but important week for the Loonie, all due on Friday with releases of CPI and Core Retail Sales data.
New Zealand Dollar
It will be a light week for the Kiwi, with nothing due except CPI data on Tuesday.