There will be a lighter news schedule this week compared to last week, with major input due only from the United States Federal Reserve, plus a few items of high-impact economic data mostly from the U.S.A. This week’s agenda will almost certainly be dominated by the U.S. FOMC Meeting Minutes due on Wednesday which should be the most active day for the market this week.
Wednesday is a public holiday in Japan and Thursday is a public holiday in the U.S.A.
U.S. Dollar
It will be an important week for the greenback, centered entirely on Wednesday with the release of Core Durable Goods Orders and Unemployment Claims data, followed later by Crude Oil Inventories and the FOMC Meeting Minutes. On Wednesday, we will get PPI numbers and Crude Oil Inventories. Thursday will see releases of Building Permits, CPI, Unemployment Claims and the Philly Fed Manufacturing Index.
Euro
It will be a light week for the Euro, beginning on Monday with the President of the European Central Bank testifying before the European Parliament about the Bank’s Annual Report. Thursday will see the release of German IFO Business Climate data.
New Zealand Dollar
It will be a light week for the Kiwi, starting on Tuesday with a release of Retail Sales data, and continuing Wednesday with PPI Input data.
Canadian Dollar
It will be a very light week for the Loonie, with nothing due except Core Retail Sales numbers on Tuesday.
British Pound
It will be a very light week for the Pound, with nothing due except Second Estimate GDP data on Friday.
