This week will have a heavier news agenda than last week. The agenda will be dominated by only a few items of high-impact U.S. data centered on the mid-point of this week, as well as meeting minutes from the Reserve Bank of Australia. Therefore, volatility this week should be higher than it was last week. The market will probably be most active on Wednesday and Thursday. It will be a public holiday in France and Italy on Tuesday.
U.S. Dollar
It will be a significant week for the greenback, starting on Tuesday with a release of Retail Sales data. Wednesday will see the highlight of the week, the FOMC Meeting Minutes, as well as Building Permits data and Crude Oil Inventories numbers. Thursday will bring Unemployment Claims data.
Australian Dollar
It will be an important week for the Aussie, starting on Tuesday with the release of Monetary Policy Meeting Minutes from the Reserve Bank of Australia. 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 Industrial Production data on Monday.
British Pound
It will be a fairly active week for the British Pound, with a release of CPI data due on Tuesday, followed by Average Earnings Index numbers on Wednesday, and Retail Sales data on Thursday.
New Zealand Dollar
It will be a normal week for the Kiwi, starting on Monday with Retail Sales data. On Thursday, we will get PPI Input numbers.
Canadian Dollar
It will be a quiet week for the Loonie, with nothing due until Friday with releases of CPI and Core Retail Sales data.
