There are again relatively few high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the European Central Bank, as well as from the Reserve Bank of Australia. A General Election will be held in Britain on Thursday and as results come in at the end of the day, there will probably be some turbulence in the British Pound which could spill over into other markets.
The market will probably be most active on Thursday and Friday.
Monday is a public holiday in Germany, France, Switzerland and New Zealand.
U.S. Dollar
It will be a relatively quiet week for the greenback starting on Monday with a release of ISM Non-Manufacturing PMI data. Wednesday sees the release of Crude Oil Inventories data. On Thursday, we will get the Unemployment Claims numbers.
Euro
It will be a significant week for the Euro, with the ECB’s Minimum Bid Rate release and Press Conference due on Thursday.
Australian Dollar
It will be an important week for the Aussie, with the RBA’s Cash Rate and Rate Statement due on Tuesday. On Wednesday, there will be a release of GDP data, followed by Trade Balance data on Thursday.
British Pound
It will be an important week for the Pound, with a General Election due on Thursday. The week begins on Monday with a release of Services PMI numbers, and on Friday we will get Manufacturing Production data.
Chinese Yuan
It will be a significant week for the Yuan, with a release of Trade Balance data on Thursday.
Canadian Dollar
It will be a quiet week for the Loonie, with nothing due except Employment Change and Unemployment Rate data on Friday.
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