There will be a significantly heavier news schedule this week compared to last week, with central bank input due from the European Central Bank, Canada, and Australia. There is also a fair amount of important economic data due especially from China and the U.S. The busiest and most volatile days of this week will probably be Tuesday, Wednesday and Thursday.
Monday is a public holiday in the U.S.A., Japan, and Canada.
U.S. Dollar
The greenback’s week begins on Tuesday with the release of CPI data. On Wednesday we will get Building Permits and Crude Oil Inventories numbers, then finally on Friday, Unemployment Claims and the Philly Fed Manufacturing Index.
Chinese Yuan
It will be an important week for the Chinese Yuan with everything scheduled for Wednesday: GDP and Industrial Production data releases.
Euro
It will be an important week for the Euro starting on Monday with the President of the ECB giving welcoming remarks at a conference. Thursday is the big day, with the European Central Bank releasing its Minimum Bid Rate followed by the usual press conference.
Canadian Dollar
It will be an important week for the Loonie starting on Tuesday with the release of Manufacturing Sales data. Wednesday is the big day, with the Bank of Canada releasing its Monetary Policy Report, Rate Statement and Overnight Rate followed by the usual press conference. Finally, on Friday we will get CPI and Retail Sales data releases.
Australian Dollar
It will be an important week for the Aussie starting on Tuesday with the release of the Reserve Bank of Australia’s Monetary Policy Meeting Minutes, as well as the Governor speaking at a conference. Thursday will see the release of Employment Change and Unemployment Rate numbers.
British Pound
It will be a fairly busy week for the Pound starting on Tuesday with the release of CPI data. Wednesday will see the release of the Average Earnings Index and the Claimant Count Change. Finally, on Thursday we will get Retail Sales numbers.
New Zealand Dollar
It will be a light week for the Kiwi, with all the action due on Tuesday with the release of CPI data and the GDT Price Index.