Weekly Economic & Political Timeline – 12/6/2015

This will probably be a quieter and less dramatic week ahead, but there are still some significant events scheduled that may have a big impact on financial markets. There are Central Bank inputs expected regarding the GBP, CHF, and NZD.

There is also some high-impact data due at the end of this week regarding the USD as we approach 16th December when the Federal Reserve will have to decide whether or not to raise the interest rate for the first time in approximately 9 years.

As we have central banks expounding on 3 major currencies this week, we can expect an active week with reasonably high volatility.

U.S. Dollar

The dollar’s week begins on Thursday with the release of Unemployment Claims data, followed on Friday by Retail Sales, PPI, and Preliminary UoM Consumer Sentiment.

British Pound

The highlight of the Pound’s week will be on Thursday with the release of the Bank of England’s Monetary Policy Statement, and the Official Bank Rate and Votes. On Monday the Governor of the Bank of England will be testifying at the EU on economic policy, and on Tuesday there will be a release of Manufacturing Production data.

Swiss Franc

This week will be a rare important week for the Swissie, as the SNB only releases quarterly reports. It will all be happening on Thursday with a release of the Monetary Policy Assessment and press conference, as well as the Libor rate.

New Zealand Dollar

The highlight of the week for the Kiwi will come on Wednesday with releases by the RBNZ of their Official Cash Rate, Monetary Policy Statement, Rate Statement followed by the usual press conference.

Australian Dollar

It should be a reasonably light week for the Aussie. Tuesday will see a release of NAB Business Confidence data. On Thursday we will get Employment Change and Unemployment Rate data.

Canadian Dollar

It is going to be a very light week for the Loonie, with nothing high-impact scheduled except for Building Permits data and a speech by the Governor of the Bank of Canada on Tuesday.