The coming week ahead is likely to be even livelier than last week, as there is more key economic data due, including the all-crucial FOMC Meeting Minutes release, as well as some statements from the central banks of both Australia and New Zealand. Monday is a public holiday in the U.S.A. so it is possible that the week might start relatively quietly. Nevertheless markets have been very turbulent lately, so do expect that any market calm can end suddenly.
A crucial week lies ahead for the Greenback after Monday's public holiday, as on Wednesday we will get the FOMC Meeting Minutes as well as Building Permits and PPI data earlier that same day. On Thursday there will be releases of Unemployment Claims, the Philly Fed Manufacturing Index and Crude Oil Inventories. Finally, Friday will see the release of CPI data.
Australian Dollar
It is a fairly important week for the Aussie. On Tuesday the Reserve Bank of Australia will release its most recent Monetary Policy Meeting Minutes. Thursday will see the release of Unemployment Rate and Employment Change data.
New Zealand Dollar
It is also a fairly important week for the Kiwi. The highlight of the week arrives on Tuesday with the Reserve Bank of New Zealand giving its inflation expectations. Later that same day there will also be GDT Price Index data. Earlier in the week, on Monday, we will get Retail Sales data. On Wednesday there will be a release of PPI Input data.
British Pound
A moderate week for the Pound, beginning on Tuesday with the release of CPI data, followed on Wednesday by the Average Earnings Index and the Claimant Count Change. Finally on Friday there will be a release of Retail Sales data.
Euro
A relatively quiet week for the Euro, beginning on Monday, with the President of the European Central Bank testifying before the European Parliament. On Tuesday the market is expecting a
German Constitutional Court ruling that might impact the operation of the ECB's OMT policy, as well as German ZEW Economic Sentiment data.
