Weekly Economic & Political Timeline – 5/15/2016

This week can be expected to be more important than the previous week, with Central Bank input due concerning the U.S. Dollar on Wednesday as well as the Australian Dollar on Tuesday. There will also be G7 meetings on Friday and Saturday. There is a smattering of other data due concerning mainly the Commodity Currencies and the British Pound.

It looks as if the major activity and volatility are going to be centered on the latter half of Wednesday and also Thursday.

U.S. Dollar

It should be an important week for the Greenback, with the highlight coming with Wednesday’s releases of the FOMC Meeting Minutes and Crude Oil Inventories. Earlier, on Tuesday, we will get Building Permits and CPI data releases. Finally, Thursday will see the release of the Philly Fed Manufacturing Index and Unemployment Claims numbers.

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. Later on Thursday we will see the release of Employment Change and Unemployment Rate and Employment Change data.

British Pound

It will be a reasonably busy week for the British Pound. Tuesday will see the release of CPI data, followed on Wednesday by the Claimant Count Change and Average Earnings Index. Finally Thursday will see the release of Retail Sales numbers.

Canadian Dollar

It will be a fairly light week for the Loonie, starting on Tuesday with the release of Manufacturing Sales data. Friday will see the release of Core CPI and Core Retail Sales data.

New Zealand Dollar

It will be a fairly light week for the Kiwi, with everything important happening on Tuesday with the release of Inflation Expectations, GDT Price Index and PPI Input data.