This week can be expected to be a fairly busy and significant one, with an unusual announcement due from the Federal Reserve, and regular monthly Central Bank input concerning the British Pound and Canadian Dollar. There will also be a fairly large amount of U.S. economic data released, so we should get an increase in volatility overall. However the overall volume of releases due is not very large.

It looks as if the major activity and volatility are going to be centered on Wednesday and Thursday.

U.S. Dollar

It should be an important week for the Greenback, starting unusually early on Monday with a special announcement from the Federal Reserve concerning discount rates. Wednesday will see releases of Retail Sales and PPI data, as well as Crude Oil Inventories. On Thursday we will get Unemployment Claims and CPI data. Finally on Friday there will be a release of Preliminary UoM Consumer Sentiment data.

British Pound

The highlight of the week will come on Thursday, with the release of the Official Bank Rate, Monetary Policy, and the MPC Votes. Earlier, on Tuesday, there will be a release of CPI data.

Canadian Dollar

It will be an important week for the Loonie. The week begins on Wednesday with The BOC Rate Statement and Overnight Rate, as well as the BOC Monetary Policy Report, all followed by the usual press conference. Finally, on Friday there will be a release of Manufacturing Sales data.

Chinese Yuan

On Wednesday there will be a release of Trade Balance data. Later, on Friday, there will be releases of GDP and Industrial Production data.

Australian Dollar

It will be a light week for the Aussie, focused entirely Thursday with releases of Employment Change and Unemployment Rate data.