The week ahead is very likely to be much quieter than last week as there is only a small volume of data releases scheduled. These scheduled announcements cover only 5 currencies.

However, there is a chance that the USD data in particular could set the market abuzz, as a mysterious announcement is scheduled from the Fed on Monday which might just be a rate hike. There are other economic items due for the USD, as well as to the EUR to a lesser extent, that are likely to provide the week’s highlights in the absence of a surprise rate hike.

U.S. Dollar

It might be an exciting week for the greenback, with the Federal Reserve scheduling mysterious unknown statement for Monday, to occur at some point after the New York open. There is some speculation this announcement might even be the long-awaited first rate hike.

The week will continue on Tuesday with Preliminary GDP and CB Consumer Confidence data, followed on Wednesday with Core Durable Goods Orders and Unemployment Claims. Thursday is a public holiday in the U.S.A.

Euro

There are just a few items scheduled this week concerning the Euro, beginning on Monday with French and German Flash Manufacturing PMI data. Tuesday will see the release of German IFO Business Climate data.

Australian Dollar

It should be a relatively quiet week ahead for the Aussie. The Governor of the RBA will be speaking about economic issues at an economists’ dinner on Tuesday, he may say something that could affect the market. On Wednesday there will be a release of Private Capital Expenditure data.

British Pound

This week will be a very light week for the Pound with nothing scheduled except Friday’s Second Estimate GDP data release.

New Zealand Dollar

This week will be a very light week for the Pound with nothing scheduled except Wednesday’s Second Estimate GDP data release.