This week will probably be a fairly quiet one overall, although there will be a lot of focus on the British Pound during the first half of the week and the New Zealand Dollar on Wednesday. Apart from that, the only other event that might make a really big impact on the market is the U.S. Retail Sales data due later that same day.
British Pound
This week might be dominated by the British Pound, with the market rallying after a surprise election victory by the Conservative Party which will now be able to govern alone. Monday will see a release of the Official Bank Rate and the Bank of England’s Monetary Policy Committee Statement. On Tuesday there will be a release of Manufacturing Production data followed on Wednesday by the Average Earnings Index and the Claimant Count Change. Later that same day, the Governor of the Bank of England will speak and the Bank will release its Inflation Report. So the first half of the week will probably see some lively trading in the GBP.
New Zealand Dollar
On Wednesday we will get the very important biannual RBNZ Financial Stability Report presented by the Governor of the Bank. This will be followed on Thursday by a release of Retail Sales data.
U.S. Dollar
This might be a fairly slow week for the U.S. Dollar, with no high-impact data releases scheduled until Wednesday’s Retail Sales data. On Thursday there will be PPI and Unemployment Claims data. Finally, Friday will see the announcement of Preliminary UoM Consumer Sentiment Numbers.
Euro
A quiet week ahead, which will probably be dominated by Monday’s Eurogroup Meetings, which are expected to be low-key and without any dramatic news. Wednesday will see German Preliminary GDP data released.
Australian Dollar
The Australian Dollar should remain in the spotlight for the first half of this week, with NAB Business Confidence on Monday and the Annual Budget Release coming on Tuesday.
Canadian Dollar
A very quiet week can be expected for the Loonie, with nothing on the agenda except Friday’s Manufacturing Sales data release.