There will be a somewhat heavier news schedule this week compared to last week, with major central bank input due from the U.S. Federal Reserve, the Bank of England, and the Swiss National Bank. There will also be a slew of important U.S. economic data. This week’s agenda will almost certainly be dominated by input from the FOMC, due on Wednesday, which should also be the most active day for the market this week carrying through into Thursday.
U.S. Dollar
It will be a very important week for the greenback, beginning on Wednesday with the FOMC Statement and Economic Projections, as well as the Federal Funds rate and press conference. That day will also see the release of PPI and Retail Sales data, as well as Crude Oil Inventories. Thursday will bring Unemployment Claims, CPI and the Philly Fed Manufacturing Index. The week ends on Friday with Building Permits numbers.
British Pound
It will be an important week for the Pound, centered upon the release of the Bank of England’s Official Bank Rate and Monetary Policy Summary releases on Thursday along with Retail Sales data. The week begins earlier, on Tuesday, with the release of CPI numbers. Wednesday sees the Claimant Count Change and Average Earnings Index.
Swiss Franc
It will be an important week for the Swiss Franc, centered entirely on Thursday with the Swiss National Bank announcing its Libor Rate and Monetary Policy Assessment, followed by the usual Press Conference.
Chinese Yuan
It will be an important week for the Yuan, with the release of Industrial Production data on Tuesday.
Canadian Dollar
It will be a relatively quiet week for the Loonie, centered on Thursday with the release of Manufacturing Sales data. The Governor of the Bank of Canada will be giving a press conference later that same day.
Australian Dollar
It will be a relatively quiet week for the Aussie, centered on Thursday with the release of Employment Change and Unemployment Rate data.
Leave A Comment