This week will have a considerably lighter news agenda than last week. The agenda will be dominated by only one or two items of high-impact economic data centered on the end of this week, ahead of the Jackson Hole Symposium which begins on Friday close to the weekly market close. Therefore, volatility this week should be even lower than it was last week. The market will probably be most active on Thursday and Friday.
U.S. Dollar
It will be a fairly light week for the greenback, starting on Wednesday with the release of Crude Oil Inventories data. Thursday will bring Unemployment Claims numbers, followed on Friday by Core Durable Goods Orders.
Euro
It will be a quiet week for the Euro, starting on Wednesday with the President of the European Central Bank’s opening remarks at a conference. On Friday, the President will be speaking at the Jackson Hole symposium.
British Pound
It will be a very light week for the British Pound, with nothing due except the Second Estimate of GDP data on Thursday.
Canadian Dollar
It will be a very light week for the Loonie, with nothing due except Core Retail Sales data on Tuesday.
