The coming week ahead is likely to see further strong market movements, even more so than the relatively volatile week we have just had in the market. This is because the key calendar even in the key global currency is due on Wednesday with the FOMC Statement, and we are also going to get major central bank actions regarding the Japanese Yen on Friday and the New Zealand Dollar on Wednesday.

There is also a fair amount of wider USD economic data due, although not very much from other currencies.

U.S. Dollar

This is going to be a busy and important week for the Greenback due mostly to the FOMC Statement and Federal Funds Rate due on Wednesday. That same day will see the release of Crude Oil Inventories. The dollar’s week will actually being on Tuesday with CB Consumer Confidence data due. Thursday will see the release of Core Durable Goods Orders and Unemployment Claims data. The week ends on Friday with Advance GDP data.

Japanese Yen

There is nothing due concerning the Yen until Friday but it is an event of high importance: the monthly Monetary Policy Statement and Outlook Report from the Bank of Japan will be released, followed by the usual press conference.

New Zealand Dollar

There is nothing due concerning the Kiwi except on Wednesday but it is an event of high importance: the monthly RBNZ Statement and Official Cash Rate will be released by the Reserve Bank of New Zealand.

Euro

Monday will see the release of German IFO Business Climate data, as well as some public remarks from the President of the ECB although that is not expected to move any markets. There is then nothing scheduled until Friday when there will be a release of the CPI Flash Estimate.

British Pound

It will be a fairly quiet week for the British Pound. On Tuesday the Governor of the Bank of England will be testifying before Parliament. Thursday will see a release of Preliminary GDP data.

Canadian Dollar

This week should be a quiet one for the Loonie, with nothing due until Friday’s release of GDP data.