This week is likely to see more market activity than last week, with important central bank input due concerning the U.S. Dollar, the Japanese Yen, and the British Pound. There will also be releases of important British and Canadian inflation data.
The market is likely to be most active on Wednesday and Thursday.
U.S. Dollar
It will be an important week for the Dollar, with everything happening on Wednesday with releases of the FOMC Statement, Federal Funds Rate, and Economic Projections, followed by the usual press conference.
Japanese Yen
It will be an important week for the Yen, with everything happening on Thursday when we will get the Bank of Japan’s Monetary Policy Statement.
British Pound
It will be a relatively busy and very important week for the Pound, starting on Tuesday with a minor speech from the Governor of the Bank of England. Wednesday will see the release of CPI (inflation) data. On Thursday, we will get the Bank of England’s Monetary Policy Summary, Official Bank Rate and Votes data, as well as Retail Sales numbers.
Australian Dollar
It will be an important week for the Aussie, starting on Tuesday with a release of the RBA’s Monetary Policy Meeting Minutes. The Governor of the RBA will also be giving a minor speech on Thursday.
Canadian Dollar
It will be a normal week for the Loonie, starting on Wednesday with a release of CPI (inflation) data. On Friday there will be a release of Core Retail Sales numbers.
New Zealand Dollar
It will be a quiet but important week for the Kiwi, with the only activity occurring on Thursday with a release of GDP data.
Euro
It will be a busy but relatively unimportant week for the Euro, with minor speeches from the President of the ECB due on Monday, Tuesday, and Wednesday. On Friday, we will see releases of French and German Flash Services PMI, as well as German Flash Manufacturing PMI data.