This week is likely to see at least a little more market activity than last week, with central bank input due concerning the Euro and important U.S. GDP data due late in the week.
The market is likely to be most active on Thursday and Friday.
Monday is a public holiday in Japan.
It will be a relatively quiet but significant week for the Dollar, starting on Thursday with a release of Core Durable Goods Orders data. Friday will bring the release of Advance GDP numbers.
It will be an important week for the Euro, starting on Wednesday with releases of French and German Flash Services PMI data as well as German Flash Manufacturing PMI. On Thursday we will get the ECB’s Monetary Policy Statement and Main Refinancing Rate, followed by the usual Press Conference.
There is no major economic data scheduled this week, but the result of the Conservative leadership ballot will be announced on Tuesday, with the winner (overwhelmingly likely to be Boris Johnson) set to take office formally on Wednesday.
It will be a quiet week for the Yen, all happening on Monday with a speech by the Governor of the Bank of Japan before the International Monetary Fund.
It will be a quiet week for the Aussie, all happening on Thursday with a minor speech by the Governor of the Reserve Bank of Australia.