This week we have a slightly more loaded news agenda than last week, with events from the Reserve Bank of Australia, in addition to the testimony of the US Federal Reserve and the Bank of England. We also have publications of important economic data mainly related to the dollar, the pound sterling, the Canadian dollar and the Chinese yuan.
The market will probably be more active on Tuesday.
United States Dollar
It will be a light but possibly important week for the dollar, starting on Monday with the publication of Retail Sales data. On Tuesday and Wednesday, the President of the Federal Reserve will testify before the Congress on the semiannual Monetary Policy report, and at the last minute of the day, the Crude Oil Inventories are also published.
It will be a light but important week for the Aussie, starting on Tuesday with the publication of the Minutes of the Monetary Policy Meeting of the Reserve Bank of Australia. On Thursday, we have data on Employment Change and Unemployment Rate.
It will be an important week for the Yuan, with the release of Chinese GDP data for Monday.
It will be an important week for the Pound, starting on Tuesday with the Governor of the Bank of England testifying before the Parliament on the Financial Stability Report, and also publishing the Average Profit Index data. On Wednesday we have the CPI data (inflation). Finally, retail sales data are published on Thursday.
It will be a light but important week for Loonie, with everything concentrated on Friday with the IPC data and Underlying Retail Sales publications.
New Zealand Dollar
It will be a light week for the Kiwi, with nothing on the calendar, except for the CPI data on Tuesday.