EUR
The most influential events to shake the euro will be the outcome of meetings including Greece with its EU partners, particularly Germany. Industrial Production results will be released across the eurozone throughout the week — German IP on Monday and French IP on Wednesday. We also watch for ECB President Trichet who is scheduled to speak on twice this week, first Wednesday and then on Friday.
GBP
It is a busy week ahead for the pound. The most important event is the release of Manufacturing Production on Wednesday. We will watch for signs of exports with Tuesday’s Trade Balance and signs of inflation with Thursday’s Consumer Inflation Expectations. Moreover, two MPC members will speak — first on Monday, then on Friday.
USD
The dollar has relatively calm days ahead. Given last week’s better than expected employment data, we wait for more signs of strengthening labour market in Thursday’s Unemployment Claims. Friday should see more action with the release of Retail Sales results.
AUD and CAD
Both Australia and Canada are releasing their employment data on Wednesday and Friday respectively. After beating expectations last month, better than expect numbers could accelerate their way towards parity with the dollar. Moreover, both countries’ housing markets will get indications from Monday’s Housing Starts for Canada and Tuesday’s Home Loans for Australia.
JPY
Core Machinery Orders on Tuesday and Final GDP on Wednesday are the two main events in Japan. For the rest of the week, the yen could continue last week’s depreciation depending on other countries’ results.
CHF
Retail Sales will be released on Monday. But traders will quickly turn to Thursday’s expected Libor Rate and SNB Monetary Policy Assessment.
For detailed events, please visit our forex calendar section.KNOWLEDGE BASE - Exclusive Forex Educational Articles
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