I had expected higher volatility last week, and we got that. This week is certainly going to be quieter in terms of scheduled news, although the market may continue to move quite strongly. This week the important areas are only really going to be key USD data on Friday and the Central Bank monthly report from the NZD on Tuesday.

U.S. Dollar

There is nothing due for the Greenback this week until Thursday’s Unemployment Claims data. The highlight will come on Friday with the release of Retail Sales, PPI and Preliminary UoM Consumer Confidence data. Note that Wednesday is a public holiday.

New Zealand Dollar

There will be one important day during this week ahead for the Kiwi. On Tuesday we will receive the monthly RBNZ Financial Stability Report.

Australian Dollar

It should be a moderate week ahead for the Aussie with the first release due on Tuesday, consisting of the NAB Business Confidence Survey.

On Thursday there will be a release of Unemployment data.

British Pound

This week it will all be happening for the Pound on Wednesday, consisting of the Average Earnings Index and the Claimant Count Change data. The Governor of the Bank of England will also be speaking later that day.

Euro

It will be a fairly quiet week ahead for the Euro, beginning with remarks from the President of the ECB at a conference on Wednesday, which is highly unlikely to have any material impact upon the Forex market. However Friday will see a release of German Preliminary GDP data.

 

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